- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
The US Attorney's Office will no longer reopen the OpenSea insider trading case, reaching a deferred prosecution agreement with former executive Chastain
BlockBeats News, January 23rd, according to Cointelegraph, the U.S. Department of Justice will no longer re-examine the insider trading case against Nathaniel Chastain, former manager of the non-fungible token (NFT) platform OpenSea. The Manhattan federal court received a prosecution notice on Wednesday indicating that a deferred prosecution agreement had been reached with Chastain and the case would be dismissed in a month.
Previously, Chastain was convicted in 2023 of wire fraud and money laundering for using his position to purchase NFTs about to be featured on the OpenSea front page, selling them at a profit after the price increased. However, the federal appeals court overturned the ruling in July of this year, stating that the jury had received incorrect instructions and that NFT front page data lacked commercial value and did not meet the property definition under federal wire fraud law.
Manhattan U.S. Attorney Jay Clayton stated that considering Chastain had already served three months in prison and agreed not to contest the forfeiture of 15.98 ETH worth $47,330, the decision was made not to re-examine the case.
You may also like
The DAO Makes a Comeback Ten Years Later, Establishes $220 Million Security Fund
A $70K Winning Trade: How Ethereum's Founder Plays the Prediction Market
Is the U.S. Stock Market Facing a Crash Risk Tonight as Well?
Breaking Down the Top 5 Metrics Defining BTC's Real Make-or-Break Level – Is $75K the Bottom?
WSJ: $500 Million Investment in WLFI Reveals "Spy Chief" and Trump Family's Money-for-Power Deal
Key Market Information Discrepancy on February 2nd – A Must-See! | Alpha Morning Report
Bitcoin continues to plummet, will Strategy be forced to sell?
Is Moltbook Really a Step Forward, Coinbase's Face-off with Wall Street, What's the Overseas Crypto Community Talking About Today?
Liquidity Crisis Plunge: Why Did Only Bitcoin Fail to Recover?
Is the Crypto Industry Really in Trouble with the Market This Bad?
What Happened in Crypto Today? Solana-Native Rails Launch on Digitap ($TAP) as the Best Crypto to Buy
Key Takeaways Digitap ($TAP) spearheads the transition toward real-world utility in cryptocurrency, offering a seamless financial ecosystem through…
Here’s Why Fed Contender Kevin Warsh is Seen as Bearish for Bitcoin
Key Takeaways Kevin Warsh is a potential nominee for the U.S. Federal Reserve chair, causing concerns due to…
XRP Breaks Below Its 1-Year Support Range: What’s Next?
Key Takeaways XRP has slipped below its critical support range of $1.8 to $2.1, which had been steadfast…
XRP Price Breakdown Intensifies — Can Support Mitigate the Shock?
Key Takeaways XRP has dipped below the significant $1.80 mark, continuing its downtrend. The asset is trading beneath…
XRP Risk-Adjusted Returns Suggest a Period of Consolidation – Insights and Analysis
Key Takeaways: XRP’s recent price fluctuations highlight a lack of strong market momentum for a trend reversal. The…
Kevin Warsh Associated with Crypto Project Basis and Electric Capital
Key Takeaways Kevin Warsh, former U.S. Federal Reserve Board Governor, is associated with crypto initiatives Basis and Electric…
Why is Trump’s Fed Chair Pick Kevin Warsh Seen as Bad News for Precious Metals, Commodities, Bitcoin, and Equities?
Key Takeaways: Kevin Warsh, once appointed, is expected to take a more hawkish stance on monetary policy, which…
Who Is Kevin Warsh? How His Fed Chair Odds Are Influencing Bitcoin Markets
Key Takeaways Kevin Warsh, a former Federal Reserve governor, is becoming a strong candidate for the next Fed…
App