Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed
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最新报道：Former OpenSea employee Nate Chastain has been cleared of insider trading charges related to NFTs after a successful appeal. The U.S. Court of Appeals for the Second Circuit overturned his conviction, ruling that the information he allegedly misused did not qualify as "property" under federal fraud statutes. Chastain, OpenSea's former head of product, was initially convicted in 2022 for front-running NFT purchases using confidential data about upcoming featured collections. Prosecutors had argued this constituted wire fraud, but the appeals court found the legal theory flawed. This landmark decision could impact how insider trading laws apply to digital assets and confidential information in the Web3 space.
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