A former opensea exec is once again in the news because of the insider trading scandal
He used anonymous accounts in order to conduct hisChastain was reportedly asked to leave the company due to the damning allegations. The former executive was silent on the issue, and the controversy was quickly denied down.
Now, Chastain is once again on everyone’s lips after U.S. prosecutors brought their first NFT-related insider trading case against him. In a statement, FBI Assistant Director-in-Charge Michael J. Driscoll said that the federal law enforcement agency would continue “aggressively” pursuing bad actors who chose to manipulate the market.
Chastain is facing a maximum prison sentence of up to 20 years. He was arrested in Manhattan, New York, earlier today. Earlier this year, Chastain reportedly started working on a new NFT project despite being kicked out of OpenSea due to insider trading accusations.
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