Published 2 years ago

Former OpenSea senior employee arrested, charged with NFT insider trading

Summary by Ground News

Nathaniel Chastain, a former product manager at OpenSea, has been arrested and charged by the U.S. Department of Justice (DOJ) with NFT insider trading. This is the first time someone was charged for their involvement in what the DOJ describes as a "Digital Asset Insider Trading Scheme" He is accused of using confidential business information he had access to as a former OpenSea employee to buy around 45 NFTs.

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Times of India

OpenSea employee charged with insider trading in NFTs

Nathaniel Chastain was accused of secretly buying 45 NFTs based on confidential information that they would soon be featured on OpenSea's home page, and later selling them at a profit, typically two to five times what he paid.

2 years ago·India

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Reuters

U.S. charges OpenSea ex-employee in first NFT insider trading case

U.S. prosecutors in Manhattan on Wednesday charged a former product manager at OpenSea, the largest online marketplace for non-fungible tokens, with insider trading, the first such case involving digital assets.

2 years ago·United Kingdom

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Associated Press News

NFT insider trading scheme charges are a 1st, feds say

NEW YORK (AP) — A former product manager at an online marketplace was arrested Wednesday in what federal authorities called the first ever digital asset insider trading scheme involving NFTs.

2 years ago·United States

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abc News

NFT insider trading scheme charges are a 1st, feds say

A former product manager at an online marketplace has been arrested in what federal authorities are calling the first ever digital asset insider trading scheme

2 years ago·United States

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CNN

Former OpenSea employee hit with first insider trading charges related to NFTs

A former employee at digital marketplace OpenSea has been hit with the first-ever charges related to an alleged insider trading scheme involving digital assets, authorities announced Wednesday.

2 years ago·Atlanta, United States

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