An Employee Of OpenSea Was Caught On Insider Trading
OpenSea, an NFT marketplace, recently fired an employee who was caught on insider trading. Such behavior clearly wasn’t in any way compatible with the company’s values, so they had to fire him. That’s what they wrote in their blog.
OpenSea does not disclose the name of this employee but earlier one of the Twitter users suspected Nate Chastain, the company’s Head of products, of fraud. After this, the investigation took place in the company. The company changed the procedure for purchasing nonfungible tokens for their employees. Chastain has also updated his information on Twitter. It says he doesn’t work in OpenSea anymore.
There are rumors on Twitter that Chastain made 19 ETH from each insider trading deal. This is equal to $67,400 at the relevant rate.