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Nate Chastain
Former OpenSea Exec Nate Chastain Sentenced to 3 Months in Prison for Insider Trading
Nate Chastain, the former head of product at OpenSea, has received a three month prison sentence in what the prosecutors are calling the first-ever digital asset insider trading scheme. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest developments.
Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
Chastain was found guilty on charges of buying and selling NFTs from collections he knew would later be featured on his former company’s home page.
Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a federal court in New York on Wednesday, according to a report from Reuters. Chastain made approximately $50,000 by buying and trading NFTs with insider knowledge from his position at OpenSea. "The Hash" panel discusses the case.
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain made approximately $50,000 by buying and trading non-fungible tokens with insider knowledge gained from his position at OpenSea.
Federal Indictment of Former OpenSea Exec Can Proceed
A court refused to dismiss the insider trading case against former OpenSea exec Nate Chastain and a federal indictment can proceed. "The Hash" panel discusses the memos filed by Chastain regarding the violation of his rights and how this crypto insider trading case might proceed.
NFT & Web 3 Attorney on the First NFT Insider Trading Case
The U.S. Department of Justice charged former OpenSea staffer Nate Chastain for wire fraud and money laundering on allegations he misused confidential information to trade NFTs. NFT & Web 3 Attorney Moish Peltz discusses his take on the charges, the legal considerations of digital collectibles, and the potential outcomes.
DOJ Charges Former OpenSea Exec With NFT Insider Trading
Former OpenSea staffer Nate Chastain was charged on June 1 with wire fraud and money laundering after trading on confidential information about which NFTs were about to be featured on OpenSea. It’s the first DOJ has pursued an “insider trading” charge involving digital assets.
Former OpenSea Exec Accused of Insider Trading Aims for Return to Crypto
Ex-OpenSea executive Nate Chastain, who resigned amid allegations of insider trading, has reemerged with plans for a new NFT platform called Oval. “The Hash” group discusses how Chastain’s reputation could hinder the growth of his new venture and where investor appetite stands.
OpenSea Exec Who Quit After ‘Insider Trading’ Scandal Is Back With NFT Platform
Two pitch decks seen by CoinDesk show that OpenSea’s former head of product, Nate Chastain, is building a platform to simplify the NFT discovery process.
Insider Trading at OpenSea?
Leading non-fungible token (NFT) marketplace OpenSea said Wednesday it uncovered evidence of insider trading by one of its employees. Nate Chastain, OpenSea’s head of product, is at the center of the scandal which emerged on Twitter Tuesday night, with major investor Andreessen Horowitz (a16z) also investigating the case.