BlockBeats News, January 23 — According to Cointelegraph, the U.S. Department of Justice will no longer re-examine the insider trading case against former manager Nathaniel Chastain of the non-fungible token (NFT) platform OpenSea. The Manhattan Federal Court received notification from the prosecution on Wednesday that a deferred prosecution agreement has been reached with Chastain, and the case will be dismissed in one month.
Previously, Chastain was convicted in 2023 of wire fraud and money laundering for using his position to purchase NFTs that were about to be featured on the OpenSea homepage and selling them for profit after their prices increased. However, the federal appeals court overturned the verdict in July this year, ruling that the jury was given incorrect instructions and that the data on the NFT homepage lacked commercial value and did not meet the property definition under federal wire fraud law.
Manhattan U.S. Attorney Jay Clayton stated that, considering Chastain has served three months in prison and agreed not to contest the forfeiture of 15.98 ETH valued at $47,330, the decision was made not to re-examine the case.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Clarity Act – a Potential ETH Super-Cycle Trigger As Prediction Markets Signal 90% Approval Odds
The crypto market is experiencing some serious sentiment shifts as legislators gain traction. After the Genius Act resulted in significant stablecoin inflows and boosted liquidity into 2025, focus has now shifted to the Digital Asset Market Clarity Act. According to Polymarket, there’s a 90%
BlockChainReporter1h ago
Ethereum Buterin Refuses to 'Let Ethereum Die' - U.Today
Vitalik Buterin expresses a commitment to improving Ethereum rather than abandoning it. He proposes a "bolt-on strategy" to upgrade the network while maintaining operations, drawing parallels to in-flight airplane repairs. He suggests that AI could accelerate these enhancements, potentially achieving significant transformation within five years.
UToday4h ago
Data: If ETH breaks through $2,051, the total liquidation strength of short positions on mainstream CEXs will reach $739 million.
ChainCatcher News, according to Coinglass data, if ETH breaks through $2,051, the total short liquidation strength on major CEXs will reach $739 million. Conversely, if ETH falls below $1,870, the total long liquidation strength on major CEXs will reach $698 million.
GateNewsBot5h ago
BTC and ETH Flash 2022 Setup: Is a Quick Bottom Coming?
_BTC and ETH mirror 2022 pattern with 50W EMA loss and sharp drop, but 2025–26 cycle shows faster price compression._
Bitcoin and Ethereum price charts are drawing comparisons to the 2022 market cycle, as analysts review current technical structures.
Recent data suggests both assets may be
LiveBTCNews7h ago
