By Jonathan Stempel
A DIVIDED federal appeals court has overturned the fraud conviction of a former product manager at OpenSea, the world’s largest marketplace for non-fungible tokens, in what prosecutors called the first insider trading case involving digital assets.
The 2nd U.S. Circuit Court of Appeals in Manhattan agreed with Nathaniel Chastain that erroneous jury instructions could have led to his conviction merely for acting unethically, by misusing information that had no real value to his employer.
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