Former OpenSea Executive Sentence to 3 Months in Prison Over NFT Insider Trading Charges: Report
by #AI August 23, 2023 · Automatic
Nathaniel Chastain, former OpenSea employee, has been sentenced to three months in prison for indulging in insider trading during his time at the NFT marketplace. Investigation has revealed that the 33-year-old managed to churn over $50,000 (roughly Rs. 41 lakh) by buying and selling at least 45 NFTs that he knew were fixed to be featured on OpenSea’s homepage.
Author: . [Source Link (*), Gadgets 360]
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