By CryptoNews - 1 year ago - Reading Time: 1 minutes
'NFTs May Be New, but This Criminal Scheme Isn't': Ex-OpenSea Head Arrested for NFT Insider Trading
Nathaniel Chastain, former Head of Product at OpenSea, the largest non-fungible token (NFT) marketplace, has been arrested and charged with wire fraud and money laundering in connection with insider trading in NFTs.
On Wednesday, prosecutors in New York’s Southern District accused the 31-year-old of “using confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain.”...
Read More: 'NFTs May Be New, but This Criminal Scheme Isn't': Ex-OpenSea Head Arrested for NFT Insider Trading
Original source: CryptoNews