Home > NEWS > Ex-OpenSea employee was not told NFT info was confidential, defense says

Ex-OpenSea employee was not told NFT info was confidential, defense says

NEW YORK (Reuters) -A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), was never told that his decisions of which assets to feature on its homepage were confidential information, a defense lawyer said on M

NEW YORK (Reuters) -A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), was never told that his decisions of which assets to feature on its homepage were confidential information, a defense lawyer said on Monday as an insider trading trial wound to a close. Federal prosecutors in Manhattan last year charged Nathaniel Chastain with buying NFTs that he had chosen to feature on the marketplace's website, and then netting more than $50,000 in illegal profits by selling them shortly after. It was the first in a series of high-profile cases related to digital assets launched by the U.S. Attorney's office in Manhattan last year, which called the charges against Chastain the first insider trading case involving digital assets.

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