US EditionFederal Appeals Court Tosses First NFT Insider Trading Case
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Federal Appeals Court Tosses First NFT Insider Trading Case
A federal appeals court in the U.S. has overturned the conviction of former OpenSea product manager Nathaniel Chastain, who was found guilty of wire fraud and money laundering for using insider information to trade non-fungible tokens (NFTs), in what prosecutors are calling first insider trading case involving NFTs.Chastain was convicted in May 2023 and sentenced to three months in prison.As we reported back in 2022, Chastain was the head of pro…
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