On Friday, September 16, 2022, the Department of Justice (“DOJ”) announced a formalized focus on digital asset abuse by publically releasing a 46 page report on the Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets (the “Report”). DOJ describes this Report as a “companion” to its other recent report, How to Strengthen International Law Enforcement Cooperation For Detecting, Investigating And Prosecuting Criminal Activity Related To Digital Assets,… More
Category Archives: NFTs
New York Federal Prosecutors Indict Defendant in Connection with NFT Insider-Trading Scheme
Federal prosecutors from the Southern District of New York recently charged Nathan Chastain with wire fraud and money laundering in connection with a purported scheme to illegally profit from sales and purchases of Non-Fungible Tokens (“NFTs”). This landmark criminal case marks the first time federal prosecutors have pursued criminal action to police insider trading in the NFT marketplace.
Chastain is a former employee of Ozone Networks,… More