by BSC News
June 4, 2022
DOJ releases information on the indictment of a former product manager in OpenSea with a scheme to commit insider trading in NFTs.
Nathaniel Chastain was indicted by the Department of Justice (DOJ) with wire fraud and money laundering in a scheme to commit insider trading in Non-Fungible Tokens (NFTs).
Kamran Iqbal, the Co-Founder and Chief Operating Officer (COO) of BSC News said:
"As much as it is sad that this space has users taking advantage of their role, I am glad the space is maturing, we need criminals, and bad actors cracked down to reduce the risk of others being affected. Regulation isn't a bad thing, it's actually for the better."
OpenSea describes itself as the world’s first and largest digital marketplace for crypto collectibles and NFTs. The marketplace offers some of the most exclusive collections in the NFT space. Users can buy, sell, and discover exclusive digital items through OpenSea.
Where to find OpenSea:
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