OpenSea Ex-Head of Product Convicted in NFT Insider Trading Case

It's the first criminal case of an insider trading scheme involving digital assets, says the DOJ.

• 2023-05-04
• OpenSea Nathaniel Chastain digital assets money laundering Damian Williams insider trading Chastain

Ex-OpenSea Worker Found Guilty in First NFT Insider-Trading Case

A former employee of NFT marketplace OpenSea was found guilty Wednesday of what federal prosecutors described as the first insider-trading case involving digital tokens, marking a win for the Justice Department in its push to police the crypto industry. A federal jury in New York convicted Nathaniel Chastain of wire fraud and money laundering for using nonpublic information from his employer to trade on nonfungible tokens in 2021. The Manhattan U.S. attorney’s office charged Mr. Chastain in 20

• 2023-05-04
• OpenSea Nathaniel Chastain NFT federal prosecutors insider trading Justice Department David Miller Chastain digital tokens

First-Ever NFT Insider-Trading Case Heads to Trial

A former OpenSea employee is accused of using confidential information to buy digital tokens before they were featured by the company.

• 2023-04-24
• Nathaniel Chastain OpenSea federal prosecutors confidential information insider trading Damian Williams Chastain Justice Department digital tokens

Judge Says DOJ Can Call OpenSea NFT Case 'Insider Trading', Sets Trial Date

“Chastain’s arguments about use of the term 'insider trading' are moot," the judge wrote in a memo filed yesterday.

• 2023-04-20
• Nathaniel Chastain OpenSea insider trading Jesse M. Furman Chastain digital assets