A federal jury in New York has found former OpenSea exec Nate Chastain guilty of wire fraud and money laundering.
- A federal jury in New York has convicted former OpenSea product manager Nate Chastain for insider trading.
- Chastain has been found guilty of wire fraud and money laundering.
- The former OpenSea executive faces up to 40 years in prison for his NFT insider trading scheme.
A federal jury in New York has convicted former OpenSea executive Nate Christian for perpetrating what has been described as the first NFT insider trading case. The U.S. Attorney’s Office for the Southern District of New York charged Chastain with wire fraud and money laundering in June last year in connection with his scheme to commit insider trading of NFTs.