A former employee of NFT marketplace OpenSea failed to convince a judge that charges levied against him should be dismissed, clearing the way for his trial to proceed. Nate Chastain, former head of product at OpenSea, has been charged with wire fraud and money laundering. The government alleges that Chastain illegally profited off the sale of NFTs in 2021. Chastain was responsible for deciding which NFTs would be featured on the exchange’s homepage. With this authority and knowledge, the indictment alleges he purchased certain NFTs before they were featured and then flipped them for a profi ...
Continue reading the above news article, by clicking here.
Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.
Please be sensible and follow our terms of service and rules, when replying and debating the news article.
Welcome to Admin Junkies