Home Education A former NFT Marketplace employee is accused of insider trading

A former NFT Marketplace employee is accused of insider trading

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The Justice Department has accused a former NFT marketplace employee of fraud and money laundering, and according to prosecutors, this was the first case involving insider trading of digital tokens.

The indictment, unveiled in New York on Wednesday, accused Nathaniel Chastain, a 31-year-old former OpenSea product manager, of using inside information to monetize NFT or incompatible tokens that were to be posted on his homepage. employers. Mr Chastain was arrested on Wednesday morning and later pleaded not guilty to his charges in a federal court in Manhattan. A federal judge ordered his release of $ 100,000 and ordered him to surrender his passport and not contact current or former OpenSea employees.

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