Former OpenSea Employee Sentenced for NFT Insider Trading

  • Nathanial Chastain, an ex-OpenSea employee, has been sentenced to prison for three months due to an NFT insider trading scheme.
  • Chastain was accused of using confidential information to buy NFTs before they were publicly available and then selling them at a profit.
  • In addition to his sentence, Chastain must serve a three-month home confinement, a three-year supervised release, and pay a $50,000 fine.
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