Former OpenSea worker Nathaniel Chastain has efficiently appealed his judgment of conviction for wire fraud and cash laundering.
Information
A federal appeals court docket has overturned the conviction of Nathaniel Chastain, a former OpenSea supervisor discovered responsible of wire fraud and cash laundering for utilizing insider info to commerce non-fungible tokens.
In a Thursday choice, the Second Circuit dominated that the jury was improperly instructed and will have convicted Chastain for unethical conduct somewhat than misappropriating a standard property curiosity, a requirement beneath federal fraud statutes.
It is a growing story, and additional info shall be added because it turns into out there.
