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The put up Ex-OpenSea Worker Sentenced to Jail for NFT Insider Buying and selling! appeared first on Coinpedia Fintech Information
Former OpenSea product supervisor Nathaniel Chastain has been sentenced to a few months in jail for utilizing insider data to learn himself within the non-fungible token (NFT) market. Chastain used his entry to OpenSea’s inside programs to search out out which tokens could be featured on the platform’s homepage earlier than shopping for dozens of them forward of their look. He was fined $50,000 and ordered to forfeit the Ethereum he created from the scheme. Prosecutors stated the case marked the primary insider buying and selling conviction associated to digital belongings.
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