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"Dark blue courtroom graphic illustration with the symbol of 2nd US Circuit Court of Appeals, gavel signifying overturned conviction, and falling orange Ethereum coin symbolizing illicit NFT gains. Background includes midnight blue ocean waves representing OpenSea. Text Overlay: 'Reversal in the Court: NFT Insider Trading Conviction Overturned' in complementary orange and dark blue colors. Image specifically designed for SEO purposes, formatted to 1200 x 628 px." News August 6, 2025 Conviction Overturned for OpenSea’s Former Head on NFT Insider Trading Charges James Carter Financial Analyst & Content Creator | Expert in Cryptocurrency & Forex Education

Former OpenSea Head of Product, Nathaniel Chastain’s insider trading conviction has been overturned by a US Appeals Court. Chastain was initially charged for using his insider knowledge of upcoming NFT features to purchase collections in advance for resale. Accusations of similar ethical breaches have also been directed at current OpenSea CEO, Devin Finzer, amidst the company’s preparation for its token launch. The ongoing evolution in the NFT market continues, underscored by the surging popularity of collections such as CryptoPunks and Moonbirds.

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