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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