24-08-2023 17:23 via artnews.com

Former OpenSea Executive Sentenced to Three Months in Prison on Insider Trading Charges

A former executive at the popular NFT marketplace OpenSea was sentenced to three months in prison in connection with a case revolving around insider trading.In addition to serving prison time, Nathaniel Chastain, who previously served as a product manager for OpenSea, now must also pay a fine of $50,000 and give up 15.98 ETH, or roughly $26,500.Chastain had already been charged with one count of money laundering and one count of wire fraud. He had been accused of purchasing NFTs with the knowled
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