Fortune Crypto reports that the former manager at OpenSea, Nathaniel Chastain, was sentenced to three months imprisonment for insider trading, among o
Richard Heart is also a case in point, accused of raising $1 billion by offering unregistered securities and unlawfully selling crypto assets. Like Chastain, Heart is also cited for inflating the value of"securities" sold to retail investors. Other charges imposed on the Hex executive include misappropriating at least $12 million of offering proceeds to purchase luxury goods.
The list of criminal charges relating to traditional insider trading continues to grow, focused on securities fraud charges with the digital asset executives being called out for using confidential information for self-gain. It points to US regulators and prosecutors joining hands in pursuing all digital asset players believed to be operating contrary to the statutes under securities laws. Ethereum is a decentralized open-source blockchain with smart contracts functionality.
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