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Will Gendron

Former OpenSea exec arrested in landmark NFT insider trading scheme

From the end of 2020, throughout most of last year, if you were making history within the budding NFT space, it usually meant you made a record-breaking amount of money, as future prognostics for ownership over digital artwork pointed in the positive direction.

Nate Chastain, former Head of Product at OpenSea, who resigned from the company after being accused of insider trading back in September, has now made history for all the wrong reasons, however. This week he was formally charged with the first ever digital asset insider trading scheme by the U.S. department of justice, and arrested in New York.

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