An insider trading case against a former opensea executive will move forward after a U.S. judge shot down a dismissal motion. nikhileshde reports
A federal indictment of former OpenSea Head of Product Nate Chastain can proceed, a federal judge ruled Friday.
Chastain's third argument – that he did not engage in insider trading because that requires a security or a commodity to be traded in – does not hold up at all wrote the judge, as prosecutors did not charge Chastain with an insider trading-related allegation. Specifically, Chastain's attorneys wrote that FBI agents did not read him his Miranda rights before questioning him or asking for his cell phone password and collecting evidence from it.
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