(Adds response from defendant's lawyer in paragraphs 6 and 7, comment from prosecutor in paragraph 3, sentencing date in paragraph 12.) By Luc Cohen NEW YORK, May 3 (Reuters) - A former product manager at non-fungible token (NFT) marketplace OpenSea was convicted on Wednesday of fraud and money laundering for using inside knowledge of which assets would be featured on its home page to trade NFTs. Nathaniel Chastain was accused of buying NFTs he had decided to feature on the OpenSea website...

By Luc Cohen NEW YORK (Reuters) - A former product manager at non-fungible token (NFT) marketplace OpenSea was convicted on Wednesday of fraud and money laundering for using inside knowledge of which assets would be featured on its home page to trade NFTs. Nathaniel Chastain was accused of buying NFTs he had decided to feature on the OpenSea website and selling them shortly afterward to make more than $50,000 in illegal profit, in what federal prosecutors in Manhattan described as the first...

By Luc Cohen NEW YORK (Reuters) - A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing. Ishan Wahi, 32, pleaded guilty to two counts of conspiracy to commit wire fraud, after initially pleading not guilty last year. Prosecutors said Wahi shared confidential information with his brother Nikhil and their friend Sameer Ramani about forthcoming...

By Luc Cohen NEW YORK (Reuters) -The brother of a former Coinbase Global Inc product manager was sentenced on Tuesday to 10 months in prison after pleading guilty in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi admitted to making trades based on confidential information from Coinbase, one of the world's largest cryptocurrency exchanges, when he pleaded guilty in September to a wire fraud conspiracy charge. Prosecutors said Ishan Wahi,...