Former OpenSea executive Nate Chastain arrested for insider trading of NFTs

As David Gerard and I were discussing our next book post via Zoom, we spotted the DOJ had just dropped a press release announcing the arrest of Nate Chastain in New York. 

The former OpenSea exec was allegedly caught with his hands in the cookie jar. He was charged with two counts: money laundering and wire fraud. How much of NFT trading is real anyway?

We wrote up a quick blog post, which David posted on his blog.

Bloomberg’s Matt Levine may have to create insider trading rule #13: don’t do it on a public blockchain.

Stay tuned for our next NFT history post, hopefully, this week. Looks like we’ll be doing an entire post just on Curio Cards, one of the early art NFT projects on Ethereum. 

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