NFT marketplace admits employee used insider information to buy collectibles

NFT marketplace admits employee used insider information to buy collectibles

One of the largest marketplaces for trading NFTs has found itself embroiled in controversy. In a blog post spotted by , OpenSea on Wednesday that one of its employees, Nate Chastain, had purchased NFTs he knew the company had planned to feature predominantly on its platform. Hey @opensea why does it appear @natechastain has a few secret wallets that appears to buy your front page drops before they are listed, then sells them shortly after the front-page-hype spike for profits, and then tumbles them back to his main wallet with his punk on it? — Zuwu 👻🎃🦇 (@ZuwuTV) September 14, 2021 The admission came after a Twitter user named Zuwu this week of using secret Ethereum wallets to buy front-page NFT drops before they were available for the public to …
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