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Crypto News: The first ever trial involving insider buying and selling of non-fungible tokens (NFTs) lastly met its destiny on Wednesday. The former govt of OpenSea, the world’s largest market for buying and selling NFTs introduced convicted for fraud and Money laundering by the courtroom.
Also Read: Coinbase Legal Head Meets Ripple Chief Legal Officer; Will Coinbase Relist XRP?
As per the report, Nathaniel Chastain, the convicted former Opensea product supervisor used inside information of which digital arts could be issued on the entrance web page for buying and selling. Prosecutors said that Ex OpenSea employe used to purchase NFTs earlier than that includes them on the web site and offered them shortly. However, made greater than $50,000 in unlawful income.
(THIS IS A DEVELOPING STORY)
The submit Breaking: OpenSea Ex-manager Convicted Of Money Laundering In NFT Insider Trading appeared first on CoinGape.
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