Crypto News: OpenSea Ex-manager Convicted In NFT Insider Trading

Also Read: Coinbase Legal Head Meets Ripple Chief Legal Officer; Will Coinbase Relist XRP?

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As per the report, Nathaniel Chastain, the convicted former Opensea product manager used inside knowledge of which digital arts would be issued on the front page for trading. Prosecutors stated that Ex OpenSea employe used to buy NFTs before featuring them on the website and sold them shortly. However, made more than $50,000 in illegal profits.

The report added that the prosecutor in its closing argument stated that Opensea’s former product manager abused his status at the marketplace to line his own pockets and later on he went to lie to cover his tracks. Read More Crypto News Here…

(THIS IS A DEVELOPING STORY)

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