Nate Chastain is facing a maximum of 40 years in prison after being convicted in what federal prosecutors are calling the “first-ever digital asset insider trading scheme.”
After two days of deliberations, a jury on Wednesday found the former OpenSea product manager guilty of both wire fraud and money laundering. It's unlikely he'll be required to serve four full decades in prison, but even with all of the evidence presented by prosecutors, some argue that Chastain has been singled out—and that more serious crimes are rampant in the crypto space.
