OpenSea in Hot Water as Executive Charged With Insider Trading
A former OpenSea executive, Nathaniel Chastain, has been arrested and booked on charges of insider trading of NFTs, money laundering and wire fraud. Per the press statement released by the U.S. Attorney’s Office in the S...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A former OpenSea executive, Nathaniel Chastain, has been arrested and booked on charges of insider trading of NFTs, money laundering and wire fraud. Per the press statement released by the U.S. Attorney’s Office in the Southern District of New York (SDNY), Nathaniel Chastain was arrested officially on Wednesday and charged with wire fraud and money laundering in a scheme to commit insider trading. The accused was a top executive at OpenSea before his contract was terminated after being accused of committing insider trading on NFT collections.
In the press release, U.S. Attorney Damian Williams commented, “NFTs ...
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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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