NFTs just made history,ai sex robot porn videos although perhaps not in the way their advocates would have liked.
Disgraced former OpenSea product manager Nathaniel Chastain was arrestedin New York City on Wednesday for insider trading of NFTs. In its statement, the Department of Justice called it the "first ever digital asset insider trading scheme."
Chastain has been charged with one count of wire fraud and one count of money laundering as a result of his NFT insider trading scheme.
NFTs, or non-fungible tokens, are digital assets on a blockchain that represent artwork or other forms of media. OpenSea is the largest NFT marketplace platform, and is where the vast majority of aftermarket sales occur.
According to the U.S. Attorney for the Southern District of New York Damian Williams, Chastain used his insider knowledge of what NFT projects were going to be featured on the OpenSea platform and then exploited that information for personal financial gain.
As part of his position at OpenSea, Chastain was responsible for picking which NFT projects to feature on the marketplace's frontpage. According to the U.S. attorney, from June 2021 to September 2021, Chastain utilized this confidential information about which NFTs would be featured to secretly acquire NFTs using anonymous accounts before they were placed on the homepage. This allowed Chastain to purchase these digital assets at low prices, before they spiked in value as a result of appearing on the frontpage of OpenSea. Chastain reportedly netted two-to-five times his purchase price for the NFTs.
“NFTs might be new, but this type of criminal scheme is not," said U.S. Attorney Damian Williams in a statement. "As alleged, Nathaniel Chastain betrayed OpenSea by using its confidential business information to make money for himself. Today’s charges demonstrate the commitment of this Office to stamping out insider trading – whether it occurs on the stock market or the blockchain.”
The U.S. government has recently signaled that its taking cryptocurrency-related crimes much more seriously. In February, a married NYC couple were arrestedfor their alleged involvement in laundering billions of dollars that were stolen in the 2016 Bitfinex hack.
If convicted, Chastain faces a maximum of 20 years in prison.
Topics Cryptocurrency
‘The Orchid Guys’
'Doctor Who' star Peter Capaldi sends beautiful letter to kid worried about regeneration
Remembering all the amazing Obama White House holiday decorations
E! to premiere Rose McGowan documentary series
June Kuramoto and Friends to Present 'Concert Under the Stars'
Khloé Kardashian is pregnant, everyone. But you already knew that.
Yes, everything is hard, but at least your family isn't being circled by a great white shark
This Dictionary.com tweet about Pence is the definition of trolling
sh1ro stars as Cloud9 overcome Imperial in IEM Rio Major elimination series
Two koalas fight it out on the road, because they're not all cute
‘Conscience and the Constitution’ Carried Nationwide in May on Comcast Video
NYT mini crossword answers for June 14, 2025
Two koalas fight it out on the road, because they're not all cute
This Dictionary.com tweet about Pence is the definition of trolling
k0nfig: "I really wanted to beat Astralis, I wanted to show them what they're missing"
E! to premiere Rose McGowan documentary series
Man moves furniture so his wife can make snow angels for 29 Instagram followers
Chrissy Teigen live tweets bizarre flight turnaround, featuring John Legend
Valley JCC Obon Set for June 22
Uber messes up Facebook ad by confusing Puerto Rican and Cuban flags
Amazon Big Spring Sale: The best outdoor security camera dealsUD vs. Nevada basketball livestreams: How to watch liveUD vs. Nevada basketball livestreams: How to watch liveBest Apple Watch deals from Amazon's spring sale 2024Amazon Big Spring Sale: Best WiFi and mesh router dealsBest earbuds deal: Get the Apple AirPods Pro for $179.99, their lowest price yetAlabama vs. GCU basketball livestreams: How to watch liveMicrosoft announces Surface Pro 10 and Laptop 6Arizona vs. UD basketball livestreams: How to watch liveBest AirTag deals during Amazon spring sale 2024 Money Is an Iron: Oscar Movies, 2020 100 Americans vs. 100 Brits: TikTok’s latest debate is uniting America Have an idea for powering NASA on the moon? You could win $5 million. Class Carpetbagger Munster vs. Ulster 2025 livestream: Watch United Rugby Championship for free Mad Dogs and Medical Bills Apple is working on a chip for smart glasses, report claims Best earbuds deal: Save $30 on Bose QuietComfort Earbuds Meta forges ahead with facial recognition for its AI glasses Handheld Xbox console images leak just weeks before Switch 2 launch
0.1515s , 12401.3125 kb
Copyright © 2025 Powered by 【ai sex robot porn videos】Former OpenSea employee arrested for insider trading of NFTs,Feature Flash
