Gate News bot message, the U.S. Court of Appeals has reversed the fraud conviction of Nathaniel Chastain, the former OpenSea product manager who was previously charged in what prosecutors termed the first-ever digital asset insider trading case, according to Reuters.
The court determined that the case, which involved NFT trading on OpenSea, did not fit within the scope of wire fraud laws under which Chastain was initially convicted.
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Former OpenSea Manager's NFT Insider Trading Conviction Overturned by US Appeals Court
Gate News bot message, the U.S. Court of Appeals has reversed the fraud conviction of Nathaniel Chastain, the former OpenSea product manager who was previously charged in what prosecutors termed the first-ever digital asset insider trading case, according to Reuters.
The court determined that the case, which involved NFT trading on OpenSea, did not fit within the scope of wire fraud laws under which Chastain was initially convicted.