According to The Block, a US appeals court overturned the telecommunications fraud and money laundering charges against OpenSea product manager Nathanial Chastain, citing disagreements over whether the NFT information involved constitutes property. The judge also noted that Chastain accused OpenSea founder Devin Finzer of purchasing MATIC before OpenSea announced the integration of its blockchain into the NFT platform.

Previously, in June 2022, Chastain was accused of profiting from confidential information regarding which NFTs would be displayed on the OpenSea homepage.