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Fortune

Marco Quiroz-Gutierrez

Former OpenSea employee withdraws bail request and will start serving 3-month sentence for NFT ‘insider trading’

OpenSea NFT Justice Department

(Credit: Photo illustration by Fortune; original photos by Getty Images)

An ex-OpenSea product manager convicted on fraud and money laundering charges last month will report to prison as he waits for his appeal to be processed.

Nate Chastain, 33, withdrew his request for bail in a Wednesday letter to the federal judge overseeing his case. He will surrender before Nov. 2 and start serving a three-month sentence.

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