Description
The DOJ charged Chastain with wire fraud and money laundering in connection with a scheme to commit insider trading in NFTs by using confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain.
Legal Significance
This case represents the first-ever insider-trading case involving digital assets.
Status
Appeal
Case No.
1:22-cr-00305
Date Filed
May 31, 2022
Plaintiff
United States of America
Defendant
Nathaniel Chastain
Court
USDC Southern District of New York
Plaintiff Counsel
Thomas Somerset BurnettAllison Carol NicholsNicolas Roos
Defendant Counsel
Greenberg Traurig LLP
Major Filings
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