A former supervisor at nonfungible token market OpenSea sentenced to 3 months in jail for insider trading has opted to serve the sentence whereas his attraction is pending.

On Sept. 6, Nathaniel Chastain’s legal professionals filed a letter with a New York District Courtroom informing the decide that Chastain determined to withdraw his software for bail pending attraction.

In consequence, per the courtroom’s earlier order and judgment, Chastain will self-surrender by Nov. 2 to start serving his sentence whereas his attraction is pending.

Screenshot of the letter from Chastain’s legal professionals. Supply: CourtListener

Chastain, a former OpenSea product supervisor, was convicted on Could 3 on counts of wire fraud and cash laundering and on Aug. 22 was sentenced to 3 months in jail for offenses regarding insider trading on the NFT platform.

He was additionally ordered to pay a $50,000 tremendous and forfeit any ill-gotten crypto he constituted of trading on OpenSea.

Associated: OpenSea supervisor accused of insider trading sentenced to three months in jail, $50K tremendous

Chastain had management over which NFTs and collections could be featured on OpenSea’s homepage — enormously rising their visibility and probably impacting their worth.

He’s alleged to have bought 45 NFTs previous to that includes them on the homepage after which reselling them for a revenue as soon as their costs had elevated.

Prosecuting lawyer Allison Nichols argued on the time that Chastain knew he was breaking the regulation through the use of nameless OpenSea accounts to make the trades.

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