According to the Daily Planet, the lawyer of Nathaniel Chastain, the former product manager of OpenSea, submitted documents to the New York District Court on September 6, notifying the judge that Chastain decided to withdraw his bail application while his appeal was pending. According to the court's previous order and judgment, Chastain will surrender before November 2 and begin serving his sentence, while his appeal is under trial. Earlier news, Nathaniel Chastain was convicted of money laundering and wire fraud in May this year. In August, Chastain was sentenced to 3 months in prison and a fine of $50,000 for insider trading, and was ordered to confiscate the ETH obtained from insider trading.