US prosecutors abandon OpenSea insider trading case

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Why This Matters

US prosecutors have decided to drop the insider trading case against Nathaniel Chastain, a former OpenSea manager, following his successful appeal of a wire fraud and money laundering conviction.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

The Justice Department will drop its case against Nathaniel Chastain, a former OpenSea manager who successfully appealed a wire fraud and money laundering conviction.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on January 23, 2026.
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