According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Several times a week, OpenSea lists "Featured NFTs" on its home page. Featured NFTs typically have an appreciated price after they appear on the home page due to the "increase resulting from advertising and demand." The indictment alleges that Chastain knew which OpenSea NFTs would appear on his home page because he sometimes selected them, in his role as an OpenSea employee.

Share This