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OpenSea’s former head of product was immediately convicted of fraud and cash laundering for utilizing inside information of which belongings can be featured on {the marketplace}’s homepage to commerce NFTs.
Nathaniel Chastain was accused of shopping for NFTs he had determined to function on the OpenSea NFT buying and selling platform. Prosecutors alleged that Chastain then bought them shortly afterward to make greater than $50,000 in unlawful revenue.
The U.S. Division of Justice referred to as the case towards Chastain the primary insider buying and selling scheme involving digital belongings.
It is a breaking story and can be up to date.
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