Prosecutors argue 'insider trading' claim in the OpenSea case is accurate

Cointelegraph

Published Oct 19, 2022 02:26AM ET

Updated Oct 19, 2022 04:00AM ET

United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges.

Prosecutors said the phrase accurately describes the crimes the former OpenSea product manager Nathaniel Chastain is accused of in a memo filed on Oct. 14. It was responding to a motion by Chastain to stop referring to the phrase on Oct. 3, according to Law360.

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