Nathaniel Chastain, ex-CEO of NFT marketplace OpenSea, has been found guilty of insider trading. This is reported Reuters.
He was arrested on June 1, 2022 on suspicion of wire fraud and money laundering. Chastain pleaded not guilty.
“He abused his status at OpenSea to line his own pockets and lied to cover his tracks,” the prosecutor said.
Chastain was accused of buying NFTs, which he subsequently listed on the marketplace website, earning more than $50,000 from their sale. Prosecutors said he used anonymous accounts to make illegal transactions.
Attempts by Chastain’s legal team to dismiss the lawsuit or drop the fraud charges were unsuccessful.
Recall that in April, law enforcement officers in New York detained the former broker of banks JPMorgan and Deutsche Bank Rashawn Russell on suspicion of fraud with digital assets.
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Nathaniel Chastain, ex-CEO of NFT marketplace OpenSea, has been found guilty of insider trading. This is reported Reuters.
He was arrested on June 1, 2022 on suspicion of wire fraud and money laundering. Chastain pleaded not guilty.
“He abused his status at OpenSea to line his own pockets and lied to cover his tracks,” the prosecutor said.
Chastain was accused of buying NFTs, which he subsequently listed on the marketplace website, earning more than $50,000 from their sale. Prosecutors said he used anonymous accounts to make illegal transactions.
Attempts by Chastain’s legal team to dismiss the lawsuit or drop the fraud charges were unsuccessful.
Recall that in April, law enforcement officers in New York detained the former broker of banks JPMorgan and Deutsche Bank Rashawn Russell on suspicion of fraud with digital assets.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!