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Thursday, June 1, 2023

Crypto and Law: First Case of Insider Trading Related to NFTs

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It is one other blow for the crypto sphere. 

Investors have been questioning whether or not the cryptocurrency market has bottomed after weeks of falling costs, amid concern concerning the financial system’s well being and questions on a possible UST and Luna coin rip-off. 

Now, federal authorities have filed the primary prices regarding insider buying and selling within the sector.

Nathaniel Chastain, 31, has been charged with one rely of wire fraud and one rely of cash laundering, prosecutors with the U.S. Attorney’s Office for the Southern District of New York stated in a June 1 assertion.

Source: www.thestreet.com

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