avatar

Former Product Manager at OpenSea Charged with Insider Trading

On Wednesday, United States prosecutors in Manhattan charged Nathaniel Chastain, former head of product at OpenSea, with insider trading. He was arrested in New York. Prosecutors claim that Chastain bought 45 NFTs shortly before they were featured on the OpenSea marketplace homepage. He then sold these pieces for two to five times his initial purchase price. As the product manager, it would have been in his power to choose which NFTs were featured.
Source

OpenSea

NFT

Related News
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
Trump’s fourth NFT collection logs sales over $2 million, not tradable on secondary markets until 2025 Trump’s fourth NFT collection logs sales over $2 million, not tradable on secondary markets until 2025
Trump Says He’ll Release Fourth NFT Collection: 'The People Want Me to Do Another One' Trump Says He’ll Release Fourth NFT Collection: 'The People Want Me to Do Another One'
NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2 NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
Latest News More More
2 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 27 MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open