Former OpenSea Executive Sentenced to 3 Months in Prison for NFT Insider Trading
TL;DR Summary
Nate Chastain, the former head of product at OpenSea, has been sentenced to three months in prison for insider trading. Chastain made over $50,000 by buying and selling NFTs he knew would be featured on OpenSea's homepage, using anonymous wallets and accounts to conceal his purchases. The lenient sentence was attributed to Chastain's modest earnings from the trades. He will also face three months of home confinement and three years of supervised release after his prison term.
- Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading CoinDesk
- Ex-OpenSea Employee Sentenced to Three Months in First NFT Insider-Trading Case The Wall Street Journal
- OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine Cointelegraph
- Ex-OpenSea Employee Nathaniel Chastain Gets 3 Months for NFT Insider Trading Bloomberg
- Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case Decrypt
- View Full Coverage on Google News
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