NEW YORK: A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), was never told that his decisions of which assets to feature on its homepage were confidential information, a defence lawyer said on Monday (May 1) as an insider trading trial wound to a close. Fe
NEW YORK: A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens , was never told that his decisions of which assets to feature on its homepage were confidential information, a defence lawyer said on Monday as an insider trading trial wound to a close.
It was the first in a series of high-profile cases related to digital assets launched by the US Attorney's office in Manhattan last year, which called the charges against Chastain the first insider trading case involving digital assets. Daniel Filor, a lawyer for Chastain, did not dispute that his client made the trades. But he said in his closing argument on Monday that that no one at the company told him he could not use or disclose information as to which NFTs would be displayed on the homepage.
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