Breaking: OpenSea Ex-manager Convicted Of Money Laundering In NFT Insider Trading

Crypto News: The first ever trial involving insider trading of non-fungible tokens (NFTs) finally met its fate on Wednesday. The former executive of OpenSea, the world’s largest marketplace for trading NFTs announced convicted for fraud and Money laundering by the court.

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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.

(THIS IS A DEVELOPING STORY)

The post Breaking: OpenSea Ex-manager Convicted Of Money Laundering In NFT Insider Trading appeared first on CoinGape.

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