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Crypto, US

Ex-OpenSea manager’s trial kicks off in first NFT insider trading case

By Chris Prentice and Luc Cohen

U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), whom they accuse of insider trading.

The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile cases related to digital assets launched by the Manhattan U.S. Attorney’s office last year. It is considered the first criminal insider trading case involving such assets.

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