Chastain, 33, was convicted of fraud and cash laundering in federal court docket in New York in Might. The conviction marked the top to what prosecutors referred to as the primary distinguished NFT insider buying and selling case. Chastain reaped greater than $50,000 by shopping for and promoting a minimum of 45 NFTs he knew could be featured on the corporate’s homepage, concealing his purchases utilizing varied nameless wallets and OpenSea accounts, in line with the U.S. Justice Division.
