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Jury convicts former OpenSea manager in NFT-insider trading case

Published 05/03/2023, 07:36 PM
Updated 05/03/2023, 09:40 PM

The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.

According to prosecutors, Nathaniel Chastain, a former Product Manager at OpenSea, was in charge of choosing which NFTs would be featured on the website’s non-fungible token (NFT) marketplace.

OpenSea's home page displaying featured NFTs. Source: OpenSea

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