U.S. Department of Justice Will Not Retry Former OpenSea Manager Nathaniel Chastain

A deferred prosecution agreement reached with Nathaniel Chastain, following a federal appeals court's overturning of his conviction; Chastain will forfeit 15.98 ETH worth $47,330.

ETH

Summary

The U.S. Department of Justice will not retry Nathaniel Chastain, former OpenSea manager, after a federal appeals court overturned his 2023 conviction. Chastain agreed to a deferred prosecution agreement, forfeiting 15.98 ETH valued at $47,330 as part of the settlement.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transaction fees and value transfer.
  • NFT: A non-fungible token representing a unique digital asset recorded on a blockchain.
  • OpenSea: A leading marketplace for creating, buying, and selling NFTs.