NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo NEWS MAX ONE - Crypto site news of MAX ONE CLUB logo
TheBlock 2021-09-16 17:32:37

Former OpenSea exec’s NFT trading did not break the law, but it could provoke regulators

Quick TakeOpenSea says it is implementing new procedures after a now-former executive was caught trading NFTs with inside knowledge. While legal sources say the actions didn’t break the law, it could draw the ire of regulators who are already applying heavy scrutiny to the industry. On Thursday, OpenSea said that Nate Chastain, former head of product, had been asked to resign. 

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.