Ex-employee of NFT marketplace OpenSea arrested for insider trading

A former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), has been arrested on charges of insider trading, in the first such case involving digital assets.

BUSINESS, PERSONAL FINANCE, MONEY, BLOCKCHAIN

Nathaniel Chastain, 31, a former product manager at Ozone Networks, was charged with wire fraud and money laundering for committing insider trading by using confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain, said the US Department of Justice in a statement.

Mr Chastain was arrested by the Federal Bureau of Investigation on Wednesday in New York. The charges of wire fraud and money laundering carry a maximum sentence of 20 years each in prison.

Read More : https://www.thenationalnews.com/business/2022/06/02/ex-employee-of-nft-marketplace-opensea-arrested-for-insider-trading/

Comments

Post a Comment

Popular posts from this blog

Another 6.3 magnitude quake shakes part of Western Afghanistan

Image
The latest 6.3-magnitude earthquake was about 28 kilometres (17 miles) outside Herat, the capital of Herat province, and 10 kilometres (6 miles) deep, according to the U.S. Geological Survey. FILE: Afghan residents clear debris from a damaged house after earthquake in Sarbuland village of Zendeh Jan district of Herat province.  HERAT: Less than a week after a quake killed more than 2,000 and flattened whole villages, another strong earthquake shook part of western Afghanistan on Wednesday morning. The latest 6.3-magnitude earthquake was about 28 kilometres (17 miles) outside Herat, the capital of Herat province, and 10 kilometres (6 miles) deep, according to the U.S. Geological Survey. The epicentre of Saturday’s quake was about 40 kilometres (25 miles) northwest of the provincial capital, and several aftershocks have been strong, including another 6. 3 magnitude Saturday. Taliban officials said more than 2,000 had died across Herat after the earlier quakes. They subsequently ...
Read more

Sunita Williams May Have To Wait Months In Space. What NASA Is Planning Now

Image
Projected to last only days, the first crewed test flight of Boeing's Starliner spacecraft with two astronauts onboard faces uncertainty with no exact return to Earth announced. Boeing Starliner with Sunita Williams NASA's Commercial Crew Program manager, Steve Stich has said that the US space agency is considering extending the duration of Starliner's mission from 45 days to 90 days, CNN reported. Officials have repeatedly hinted that the Starliner, which faced issues with helium leaks and thruster outages heading to the International Space Station in early June, will be safe to bring astronauts including indian-origin Sunita 'Suni' Williams and Butch Wilmore home. On Friday, Stich said that NASA is considering extending the maximum length of Starliner's mission from 45 days to 90 days and there is no firm return date on the horizon, according to CNN report. Addressing a briefing on Friday, the NASA official said, "We're just looking at the timeline to...
Read more

Motia Group Organises Plantation Drive Promoting “Greener Zirakpur”

Image
Best Builder in Zirakpur  based real estate developer Motia group kicks off  Swachh Zirakpur Campaign at their project Motia’z Royal Citi, Zirakpur. The objective of the campaign is to generate mass awareness about the importance of Cleanliness and environmental sustenance. Motia Group has always shown their presence in making the environment greener and adapting the agenda ‘Green Environment leads to Healthier Environment ’. Understanding the importance of the conservation of the ecosystem, Commercial shops for sale in Zirakpur , Motia Group conducted a plantation drive at their Site Office. Technical developments in recent years have unintentionally damaged the environment severely, making it necessary to take steps toward saving it. Saplings were a token of responsibility that everyone took, promising to spare ample time protecting the environment. The enthusiasm of every member associated with the Motia Group was a treat to witness. Top Builder in Zirakpur “ Top Builder in...
Read more