There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits
- OpenSea admits one of its employees was taking part in an NFT-related insider trading scheme.
- While the start-up did not identify the employee, on Tuesday, OpenSea's head of product, Nate Chastain, was accused by Twitter user @ZuwuTV of using secret crypto wallets to front-run sales on the platform.
- In OpenSea's written statement, it called the incident "incredibly disappointing" and said that it is "conducting an immediate and thorough review."
Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the start-up, which was recently valued at $1.5 billion.
"Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly," the company wrote in a blog post Wednesday. …
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