Former OpenSea Exec’s NFT Scheme Comes Crashing Down With Guilty Verdict

Former OpenSea Exec’s NFT Scheme Comes Crashing Down With Guilty Verdict


Bitcoinist
2023-05-04 16:20:23

Nathaniel Chastain, the former head of product at OpenSea, has been convicted of wire fraud and money laundering by a Manhattan federal court jury, culminating in a week-long trial and two days of deliberations. Insider trading, which involves utilizing confidential information to make profitable trades, was at the heart of the allegations against Chastain. This