U.S. Department
of Justice
Press Release
Statement Of U.S. Attorney Damian Williams On The Conviction Of Nathaniel Chastain
For Immediate Release
U.S. Attorney's Office, Southern District of New York
“Nathaniel Chastain exploited his advanced knowledge of which NFTs would be featured on OpenSea’s website to make profitable trades for himself. Although this case involved trades in novel crypto assets, there was nothing particularly innovative about his conduct — it was fraud. A jury has found that Chastain is guilty of using inside information for his own personal gain, and he now faces time in federal prison.”
Contact
Nicholas Biase
(212) 637-2600
Updated May 3, 2023
Topic
Securities, Commodities, & Investment Fraud
Component