September 06, 2023
The former employee of non-fungible token marketplace OpenSea who was found guilty of wire fraud and money laundering said Wednesday he plans to serve his three-month sentence while he appeals his conviction.
September 01, 2023
The ex-employee of non-fungible token marketplace OpenSea who was convicted of wire fraud began the process on Friday of challenging his trial loss with a notice of appeal to the Second Circuit and a new veteran white collar attorney at his side.
August 22, 2023
A former manager at non-fungible token marketplace OpenSea was sentenced to three months in prison on Tuesday on his conviction at trial in what law enforcement officials called the first prosecution of a digital asset insider trading scheme.
August 16, 2023
Manhattan federal prosecutors have requested that a former employee of non-fungible token platform OpenSea be sentenced to up to 27 months in prison in a novel case alleging he used insider information to turn a profit, disputing his claim that he didn't know his actions were illegal.
August 09, 2023
The former project manager of non-fungible token platform OpenSea asked a New York federal judge for time served after a jury found him guilty of wire fraud and money laundering charges for using inside information to turn a profit.
May 09, 2023
The U.S. Department of Justice has notched two wins against illegal trading in cryptocurrency markets, creating what experts say is a legal playbook prosecutors will likely continue to draw on in similar cases.
May 03, 2023
A Manhattan federal jury found a former OpenSea manager guilty Wednesday of fraudulently taking $57,000 in secret profits by selling digital art that rose in value when featured on the homepage of the non-fungible token purveyor.
May 01, 2023
A Manhattan federal jury on Monday weighed the case against a former OpenSea manager who admits making a roughly $50,000 profit by secretly buying and selling non-fungible tokens that jumped in value when featured by his former employer but denies criminal intent.
April 26, 2023
An OpenSea founder told a Manhattan federal jury Wednesday that in his view, a former manager accused of illegally profiting from the startup's digital art sales violated a confidentiality agreement, but conceded being only vaguely aware of what the boilerplate form said.
April 25, 2023
A former OpenSea manager used "inside information" to earn roughly $50,000 as he secretly profited from digital tokens sold on his employer's platform, prosecutors told a Manhattan federal jury Tuesday, notably passing on asserting that he engaged in "insider trading."