On April 11, it was reported that Coinbase had been awarded almost $470,000 in damages following a guilty plea in a Manhattan court. The case involved a crypto trader who took tips from his brother who worked at Coinbase Global. According to U.S. District Judge Loretta Preska, Nikhil Wahi was ordered to pay the sum to Coinbase to cover its legal fees and expenses in pursuing the case. Wahi had been previously sentenced to 10 months in prison and ordered to forfeit $892,500 in illegal trading gains, according to reports.