Two Indian brothers and Indian-American friend accused of committing first-ever cryptocurrency insider trading

The three were accused of participating in the first-ever crypto-currency insider trading tipping operation.

Two Indian brothers and Indian-American friend accused of committing first-ever cryptocurrency insider trading
Photo by André François McKenzie / Unsplash

The first-ever cryptocurrency insider trading fraud, in which two Indian brothers and their Indian-American friend generated illegal profits totaling over a million dollars, has led to charges against them in the United States.

Indian-American Sameer Ramani, 33, is from Houston, while the Indian citizens Ishan Wahi, 32, and Nikhil Wahi, 26, are residents of Seattle. The unsealing of an indictment was announced on Thursday by Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation Michael J. Driscoll and United States Attorney for the Southern District of New York Damian Williams.