April 18, 2023
Federal prosecutors may characterize as "insider trading" allegations that a former OpenSea manager illegally exploited his position to profit from non-fungible tokens he knew would increase in value, a Manhattan federal judge held Tuesday ahead of the manager's upcoming criminal trial.
January 02, 2023
The coming year's big cases developing in New York courts involve market-shaking Wall Street and crypto meltdowns, insider trading allegations and the legal woes of Donald Trump, among other politicians.
October 21, 2022
A New York federal judge on Friday said a former employee of non-fungible token marketplace OpenSea cannot have the criminal case against him dismissed, saying it should be left up to a jury to decide whether he misappropriated confidential business information to profit off certain NFT trades.
October 18, 2022
Prosecutors shot back at a former OpenSea employee's attempt to get the phrase "insider trading" stricken from his indictment, saying those words accurately describe the crimes he allegedly committed.
October 03, 2022
A former product manager at leading nonfungible token marketplace OpenSea says government prosecutors should not be allowed to use the words "insider trading" if his case is brought to trial, arguing they are "inflammatory" and have nothing to do with the accusations he is facing.
August 25, 2022
New York criminal defense attorneys have warned that the Manhattan U.S. attorney's pursuit of insider trading charges against a former staffer of non-fungible token marketplace OpenSea represents an astonishing attempt at expanding the reach of federal fraud laws that could sweep up virtually any employee using internal business information for non-work purposes.
August 22, 2022
A former product manager at leading nonfungible token marketplace OpenSea fired back at Manhattan federal prosecutors' first-of-its-kind NFT insider trading case, saying the government's theory fails since the digital assets are neither securities nor commodities.
June 15, 2022
Greenberg Traurig LLP lawyers representing a New York City purveyor of nonfungible tokens asserted Wednesday that the Manhattan U.S. attorney's office has failed to bring viable insider trading charges against their client, telling a federal judge they may file for dismissal.