NFT stands for “non-fungible token.” The worth of the NFT market will be more than $7 billion at the end of 2021. NFT has seen the most considerable market growth, and continuous transactions are helping it grow and explode. However,…
Key Takeaways A federal appeals court has negated the conviction of Nathaniel Chastain, the former product manager at OpenSea, effectively nullifying the first insider trading prosecution involving digital assets in the United States. The ruling was made by the 2nd…
Key Takeaways Leading NFT Marketplace OpenSea, has set off widespread speculation about a potential token launch and airdrop after registering in the Cayman Islands. This development, revealed on December 14 by “Waleswoosh,” a pseudonymous researcher affiliated with the Azuki NFT…
Key Takeaways Two users have filed a class-action lawsuit against NFT marketplace OpenSea, alleging the platform facilitated the sale of unregistered securities. The lawsuit, filed in a Florida federal court on September 19 by Anthony Shnayderman and Itai Bronshtein, claims…
Attorneys sent a letter to the court informing them that Chastain had chosen to renounce his request for bail while appealing.
The former OpenSea product manager was given a three-month prison term for money laundering and wire fraud connected to insider trading.
Yuga Labs plans to discontinue support for OpenSea once Operator Filter, the platform's on-chain tool for enforcing royalties, is removed.
The scammer created a fraudulent OpenSea website to deceive an NFT owner in Manhattan.
Ex-OpenSea Product Manager Nathaniel Chastain argues that "insider trading" is only applicable to securities and not NFTs
A judge dismissed Nathaniel Chastain's request to deny the wire fraud charges.
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