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Ex-OpenSea Executive Files to Dismiss DOJ Case Alleging NFT Insider Trading

Nathaniel Chastain's motion says NFTs cannot be classified as securities or commodities, a requirement for wire fraud charges.

Updated May 11, 2023, 4:17 p.m. Published Aug 22, 2022, 6:16 p.m.
Former OpenSea exec Nate Chastain has filed a motion to dismiss the DOJ indictment. (OpenSea, modified by CoinDesk)
Former OpenSea exec Nate Chastain has filed a motion to dismiss the DOJ indictment. (OpenSea, modified by CoinDesk)