The brother of a former Coinbase Global Inc product manager was sentenced on Tuesday to 10 months in prison after pleading guilty in what U.S. prosecutors have called the first insider trading case involving cryptocurrency.
to making trades based on confidential information from Coinbase, one of the world's largest cryptocurrency exchanges, when he pleaded guilty in September to a wire fraud conspiracy charge.
At a sentencing hearing in Manhattan federal court, U.S. District Judge Loretta Preska said his crime was "not an isolated error in judgment."of cryptocurrency companies and executives.
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