The brother of a former Coinbase Global employee was sentenced to 10 months in prison for his role in what prosecutors called the first cryptocurrency insider-trading scheme
Cryptocurrency trading imploded in 2022, as investors lost faith in digital assets and crises plagued the industry. But the collapse has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory BranganThe brother of a former Coinbase Global Inc.
. Mr. Wahi netted nearly $900,000 in proceeds by using the information to trade on digital tokens, according to prosecutors in the Manhattan U.S. attorney’s office.
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