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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 outstanding NFT insider buying and selling case. Chastain reaped greater than $50,000 by shopping for and promoting a minimum of 45 NFTs he knew can be featured on OpenSea’s homepage, concealing his purchases utilizing numerous nameless wallets and OpenSea accounts, in response to the U.S. Justice Division.
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