Jason Gottlieb, a crypto attorney and partner at Morrison Cohen, discusses the insider trading case being built by the US Department of Justice against former OpenSea employee Nathaniel Chastain. Show topics: why Nathaniel is being charged with wire fraud and money laundering instead of insider trading what makes NFT insider trading different from usual insider trading indictments why an employee’s “duty of confidentiality” can be important when building an insider trading case whether the money laundering charge makes sense  whether moving money between self-custodied wallets constitutes money laundering why Jason does not think this particular case will have widespread implications for the NFT and crypto space Jason’s advice for employees at crypto exchanges and companies who may be tempted to trade on private information what happens next in the Chastain case why the potential sentences are so long – 20 years for each charge how likely it is that Chastain has to serve jail time   Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  Ava Labs: https://avax.network    Episode Links   Jason Gottlieb Website: https://www.morrisoncohen.com/jgottlieb Twitter: https://twitter.com/ohaiom    Department of Justice Press Release https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-charged-first-ever-digital-asset-insider-trading-scheme    Nathaniel Chastain Arrest https://www.coindesk.com/policy/2022/06/01/us-charges-ex-opensea-exec-with-nft-insider-trading/ https://www.theblockcrypto.com/linked/149685/former-head-of-product-for-opensea-indicted-after-insider-trading-scandal Resignation https://www.coindesk.com/business/2021/09/16/opensea-exec-accused-of-insider-trading-leaves-company/ Insider trading allegations https://www.coindesk.com/business/2021/09/15/insider-trading-allegations-rock-opensea-nft-marketplace-responds/ Twitter https://twitter.com/natechastain    Insider Trading and Crypto https://www.morrisoncohen.com/siteFiles/files/Insider%20Trading%20and%20Cryptocurrency%20-%20A%20Primer%20for%20Traders.pdf https://papers.ssrn.com/sol3/papers.cfm?abstract_id=132529   Taylor Monahan Recap of the Case https://twitter.com/tayvano_/status/1532085029857284101  Learn more about your ad choices. Visit megaphone.fm/adchoices