A former product manager at the NFT marketplace OpenSea is set for the first-ever insider trading trial involving digital assets — and the object of his alleged crimes is pop art rather than stock.
Nathaniel Chastain, 32, was responsible for selecting which non-fungible tokens would be highlighted. That usually led to an immediate spike in the price of the assets.
Prosecutors say that while OpenSea would keep the identity of featured tokens secret until they appeared on its home page, Chastain bought dozens of them beforehand and then sold them immediately afterward for as much as five times the purchase ...
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