damianwilliams
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Ex-Coinbase Manager Gets 2 Years in Prison for Insider Trading
Federal prosecutors and the courts in New York are sounding the horn, proclaiming run-of-the-mill financial crimes also apply to digital tokens as much as fiat currency. On Tuesday, a judge finally sentenced former Coinbase product manager Ishan Wahi to two years in prison for insider trading. Prosecutors said Wahi used his privileged position within the…
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Man Who Ran a Website that Illegally Streamed Major League Sports Gets 3 Years Behind Bars
A Minnesota man was sentenced to three years in prison on Thursday for illegally streaming major league sports content to outside third parties. Joshua Streit, also known as Joshua Brody, was arrested in 2021 after an investigation found he had hacked into a Major League Baseball system and attempted to extort $US150,000 ($208,230) from the…
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Crypto Gets Its First Prison Sentence for Insider Trading
A U.S. District Judge sentenced Nikhil Wahi to 10 months in prison on Tuesday, bringing one part of a historic cryptocurrency criminal case to a close. Wahi, the brother of a former Coinbase product manager, was charged with conspiracy to commit wire fraud last July in what prosecutors called the “first ever cryptocurrency insider trading…
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FTX’s Bankman-Fried Won’t Fight Extradition, but His Homecoming Could Be Messy
The FTX founder whose alleged fraud has sent the entire crypto industry reeling may be finally coming home to the U.S. Over the weekend, Reuters first reported the 30-year-old FTX founder was going to return to court in the Bahamas Monday and relinquish his bid to fight extradition to the U.S., an unnamed source familiar…