BlockBeats News, January 23 — According to Cointelegraph, the U.S. Department of Justice will no longer re-examine the insider trading case against former manager Nathaniel Chastain of the non-fungible token (NFT) platform OpenSea. The Manhattan Federal Court received notification from the prosecution on Wednesday that a deferred prosecution agreement has been reached with Chastain, and the case will be dismissed in one month.
Previously, Chastain was convicted in 2023 of wire fraud and money laundering for using his position to purchase NFTs that were about to be featured on the OpenSea homepage and selling them for profit after their prices increased. However, the federal appeals court overturned the verdict in July this year, ruling that the jury was given incorrect instructions and that the data on the NFT homepage 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 has served three months in prison and agreed not to contest the forfeiture of 15.98 ETH valued at $47,330, the decision was made not to re-examine the case.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH Co-founder Jeffrey Wilcke transfers nearly 80,000 ETH, worth $157 million
Gate News Report, on March 7th, on-chain analyst Ai Yi detected that ETH co-founder Jeffrey Wilcke transferred 79,258.61 ETH to a certain CEX from 4 addresses five minutes ago, worth $157 million. This address has been active again after 7 months. Currently, this address still holds 27,421.73 ETH, with a total value of $54.37 million.
GateNews17m ago
U.S. Ethereum Spot ETF experienced a net outflow of $23.5 million this week
Gate News Report, March 7, according to Farside monitoring data, U.S. Ethereum spot ETF has experienced a net outflow of $23.5 million this week.
GateNews45m ago
Citibank promotes "Bitcoin Banking": Striving to launch "Institutional-Grade Custody" and "Cross-Asset Collateral" services this year
Citigroup is pushing for the banking of Bitcoin, planning to deeply integrate it into the traditional financial system, with institutional-grade crypto custody services expected to launch in 2026. By simplifying Bitcoin transaction processes and reducing operational friction, Citigroup aims to attract more institutions to adopt digital assets further. Additionally, the bank is exploring the applications of stablecoins and blockchain deposit tokens, hoping to provide traditional financial institutions with more convenient ways to utilize capital.
区块客1h ago
Interest in altcoins cools down: Can Ethereum trigger a new altcoin season?
The market is forcing investors to bring risk management back to the center.
From a technical perspective, the inflow of funds over the past week has driven
TapChiBitcoin1h ago
