OpenSea Parts Ways With Executive Caught Trading Ethereum NFTs on Insider Info

Written By Guest User

Former Head of Product Nate Chastain is out after profiting from the sale of NFTs featured on the popular marketplace. Read the full article by: Andrew Hayward

Key Points:

  • OpenSea was responsible for billions of dollars in NFT sales and the second biggest marketplace was not even close. While Nate Chastain has been fired for insider trading he was more than likely not the only one.

  • OpenSea has a hired a third party to conduct a review the situation and figure out how they can be better in the future.

  • Wash trading has been suspected to be a huge issue within the NFT space.

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