The case against Nate Chastain shows how authorities could pursue ‘insider trading’ in crypto

Legal • June 7, 2022, 5:37PM EDT
The Block

Quick Take

  • Last week a grand jury indicted former OpenSea head of product Nate Chastain for actions related to an alleged insider trading scheme.
  • But Chastain wasn’t indicted for securities law violations, which are usually associated with insider trading.
  • If successful, the case could create a way for US regulators to police front-running in crypto regardless of whether implicated tokens are securities.
The case could create a way for regulators to enforce front-running in crypto regardless of whether implicated tokens are securities.
accessprotocol.co

Subscribe for Premium Content

To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Aislinn Keely