OpenSea employee charged with insider trading in NFTs

1/6/2022 8:12:00 PM

OpenSea employee charged with insider trading in NFTs

OpenSea employee charged with insider trading in NFTs

NEW YORK : U.S. prosecutors in Manhattan on Wednesday unveiled an indictment accusing a product manager at OpenSea, the largest online marketplace for non-fungible tokens, of insider trading.Nathaniel Chastain was accused of secretly buying 45 NFTs based on confidential information that they would soon be

NEW YORK : U.S. prosecutors in Manhattan on Wednesday unveiled an indictment accusing a product manager at OpenSea, the largest online marketplace for non-fungible tokens, of insider trading.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.

According to an indictment filed in Manhattan federal court, the scheme ran from June to September 2021, and Chastain transacted through anonymous digital currency wallets and accounts at OpenSea.Chastain was charged with wire fraud and money laundering. A lawyer for him could not immediately be identified. OpenSea and the U.S. Attorney's office in Manhattan did not immediately respond to requests for comment.

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S. prosecutors in Manhattan on Wednesday unveiled an indictment accusing a product manager at OpenSea, the largest online marketplace for non-fungible tokens, of insider trading. The First Victim Dee Kosh messaged his first victim in March 2018 using Instagram. 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.Daniel Tan owns several stalls across the island nation. According to an indictment filed in Manhattan federal court, the scheme ran from June to September 2021, and Chastain transacted through anonymous digital currency wallets and accounts at OpenSea. In the Secret Chat, messages could be set to be automatically deleted and Kosh would be notified if a screenshot was taken. Chastain was charged with wire fraud and money laundering." Mr Musk would"review and approve" any cases where they could not meet the minimum, according to the memo.

A lawyer for him could not immediately be identified. Dee Kosh offered the victim S$100 to S$250 in exchange for sexual services."The ban would mean we are no longer able to sell. OpenSea and the U.S. They briefly spoke and started communicating via WhatsApp Messenger. Attorney's office in Manhattan did not immediately respond to requests for comment. I'll be happy if I have half the volume. Source: Reuters . Despite this, Dee Kosh suggested that the victim work for him, offering to teach him about production work, how to take selfies and “help create a confident boy”. REUTERS Related topics.