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Former OpenSea manager faces trial in groundbreaking NFT insider trading case. Get ready for the legal drama!

Get ready for the trial of the year! U.S. prosecutors are taking on a former OpenSea employee in a high-profile case involving insider trading of non-fungible tokens (NFTs). Nathaniel Chastain, a former product manager, is accused of secretly buying NFTs based on confidential information that the tokens would soon be featured on OpenSea’s home page. He then profited illegally by selling his tokens shortly thereafter. This is the first criminal insider trading case involving digital assets, and it could have broader implications for assets that do not fit into existing regulations. The trial is expected to last one to two weeks, and we can’t wait to see how it unfolds.

(Reporting by Chris Prentice and Luc Cohen; Editing by Richard Chang)

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