Former OpenSea exec’s NFT trading did not break the law, but it could provoke regulators
Quick Take
- OpenSea 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.
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Author: Frank Chaparro
