ChainCatcher news, according to an announcement issued by the U.S. Department of Justice, former OpenSea product manager Nathaniel Chastain was sentenced to three months in prison, fined $50,000, and turned over illegally obtained Ethereum for insider trading. In addition, Nathaniel Chastain faces an additional three months of home confinement and three years of supervised release upon completion of his sentence, according to the U.S. Department of Justice.

According to previous news, in May this year, N Nathaniel Chastain was convicted of fraud and money laundering on Wednesday local time for using insider information on which assets would be displayed on his homepage to trade NFTs to make illegal profits of more than $50,000.