Ex-Coinbase Manager’s Brother Pleads Guilty to Insider Trading

The brother of a former Coinbase Global Inc. product manager pleaded guilty to plotting to trade on inside information about when the cryptocurrency exchange was going to list new tokens.

Nikhil Wahi entered his plea on Monday to single conspiracy count in a video hearing before US District Judge Loretta Preska in Manhattan, according to court records. He’s set to be sentenced Dec. 13.

Wahi and his brother, former Coinbase employee Ishan Wahi, were both arrested in July. Federal prosecutors claim Ishan Wahi’s tips enabled his brother and a friend, Sameer Ramani, to make more than $1 million on trades. …