Chastain, 33, was convicted of fraud and cash laundering in federal courtroom in New York in Could. The conviction marked the tip to what prosecutors referred to as the primary outstanding NFT insider buying and selling case. Chastain reaped greater than $50,000 by shopping for and promoting not less than 45 NFTs he knew could be featured on OpenSea’s homepage, concealing his purchases utilizing varied nameless wallets and OpenSea accounts, in keeping with the U.S. Justice Division.
