Jury starts deliberating in ex-OpenSea manager's NFT insider trading case

FILE PHOTO: The logo of non-fungible token (NFT) marketplace OpenSea is seen through a magnifying glass amid NFT items displayed on its website, in this illustration picture taken February 28, 2022. REUTERS/Florence Lo/Illustration

NEW YORK (Reuters) -Jurors began deliberating on Monday in the trial of a former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), for allegedly making trading decisions based on the tokens he featured on the company's homepage.

Federal prosecutors in Manhattan last year charged Nathaniel Chastain with netting more than $50,000 in illegal profits by buying NFTs shortly before he decided to showcase them on OpenSea's website, and then selling them once the assets rose in value shortly afterwards.