A U.S. Appeals Court overturned the conviction of a former OpenSea product manager Thursday, blowing a hole in what had previously been the most prominent conflict of interest-related crypto industry prosecution in the United States to date. The Manhattan-based appeals court found that prosecutors in the initial trial of Nathaniel Chastain were improperly allowed to argue that Chastain’s decision-making about what NFTs were featured on OpenSea’s homepage constituted “property” of the company. Chastain was found guilty of wire fraud and money laundering for manipulating his knowledge of what NFTs would be featured on ... (full story)