OpenSea confirms executive used insider knowledge when buying NFTs

OpenSea confirms executive used insider knowledge when buying NFTs

OpenSea confirms executive used insider knowledge when buying NFTs September 15, 2021, 9:07AM EDT · 2 min read Quick Take - The marketplace has acknowledged that its head of product Nate Chastain purchased NFTs that he knew were going to be displayed prominently. - Chastain was accused by Twitter users overnight of snapping up items in OpenSea’s front-page collections ahead of general release. One of the non-fungible token (NFT) space’s biggest marketplaces has admitted that a senior employee has been getting the drop on its most popular drops. Twitter users last night accused Nate Chastain, head of product at OpenSea, of using secret Ethereum wallets to snap up the platform’s front-page NFT drops before general release. Citing transactional data on Etherscan, Twitter user Zuwu said that Chastain seems to be …
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