The crumbling crypto empire that tech bros everywhere once hyped up has now claimed another victim. Nathaniel Chastain, former Head of Product at leading NFT marketplace OpenSea, has been sentenced to three months in prison for insider trading.
Once the lord of a multibillion-dollar crypto empire under the FTX brand name, Sam Bankman-Fried will now have to prepare himself for his upcoming trial from a cell. A New York federal judge revoked Bankman-Fried’s bail and sent the crypto wiz to jail Friday to await trial later this year.