Jury starts deliberation on OpenSea NFT insider trading case

المملكة العربية السعودية أخبار أخبار

Jury starts deliberation on OpenSea NFT insider trading case
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين
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The jury has begun deliberating on whether the former OpenSea product manager is guilty of purported insider trading, as per a recent Reuters news story.

The case, which commenced on 1 May, has the potential of having a big impact not only on the reputation of the famousChastain got into legal trouble in June last year when he was charged in Manhattan with allegedly making $50,000 in illegal gains. According to U.S. prosecutors, he purchased several NFTs and immediately featured them on OpenSea’s website before selling them when their value increased.

Chastain’s lawyer contended that the case was not about whether his client’s trades were improper, but about whether he had a devious strategy to defraud OpenSea. Those trades, according to the lawyer, did not violate any of the company’s guidelines.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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