Jury convicts former OpenSea manager in NFT-insider trading case
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The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court,
It marks the first time a person has been slapped for using privileged knowledge to trade non-fungible tokens (NFTs).
A former employee of Coinbase, Ishan Wahi, and his brother Nikhil were also charged with insider trading of cryptocurrencies in a separate case in July. In that case, Nikhil Wahi pled guilty on September 12.
