Russians Are Charged in Crypto-Theft in Hack of Mt. Gox Exchange

The two defendants were accused of conspiring to launder about 647,000 bitcoin—the equivalent of $17 billion today.

• 2023-06-10
• Alexey Bilyuchenko Mt. Gox Aleksandr Verner bitcoin trading federal prosecutors Justice Department

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

Ex-OpenSea manager convicted in NFT insider trading case

A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), was convicted on Wednesday of fraud and money laundering for using inside knowledge of which assets would be featured on its home page to trade NFTs. Nathaniel Chastain was accused of buying NFTs he had decided to feature on the OpenSea website and selling them shortly afterward to make more than $50,000 in illegal profit, in what federal prosecutors in Manhattan described as the first insider t

• 2023-05-04
• OpenSea Nathaniel Chastain closing argument digital assets product manager federal prosecutors

South Korea Indicts Co-Founder of Failed TerraUSD Cryptocurrency

Prosecutors charged Daniel Shin of violating capital-markets laws in the latest legal action following a digital-currency crash last year.

• 2023-04-26
• TerraUSD South Korean prosecutors Daniel Shin federal prosecutors Do Kwon CRYPTO South Korea South Korean won

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