US Charges Ex-OpenSea Exec With NFT Insider Trading

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US Charges Ex-OpenSea Exec With NFT Insider Trading

"NFTs might be new, but this type of criminal scheme is not," U.S. Attorney Damian Williams said in a statement. "As alleged, Nathaniel Chastain betra

“NFTs might be new, but this type of criminal scheme is not,” U.S. Attorney Damian Williams said in a statement. “As alleged, Nathaniel Chastain betrayed OpenSea by using its confidential business information to make money for himself. Today’s charges demonstrate the commitment of this Office to stamping out insider trading – whether it occurs on the stock market or the blockchain.”

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