OpenSea Employee Found Insider NFT Trading

Key Takeaways

  • Nate Chastain, Head of Product at OpenSea, has come under fire for insider trading of NFTs promoted by the platform.
  • On-chain data suggests that Chastain used insider information to trade NFTs when they were promoted and return the profits to his public wallet.
  • OpenSea has published a blog post that appears to confirm the accusations, describing the events as “incredibly disappointing.”

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