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Digital assets, while still fairly new, have been around for quite some time now. Insider trading, while somewhat common on Wall Street, is very uncommon in the blockchain world. While different types of scams plague this industry, insider trading is not one of them. In fact, when the FBI arrested Nathaniel Chastain, a former executive at OpenSea, he became the first to be arrested for alleged NFT insider trading. Sources say that Chastain used his knowledge of what NFTs would be featured on their front page and buy and resell the NFTs for up to five times what he purchased them for. It will be interesting to see how this case unfolds as it is the first of its kind. A precedent will be set on the cans and can nots in the digital asset space.
Links to all of the articles are down below:
📰 Article 1 - CHIPOTLE NOW ACCEPTS CRYPTOCURRENCY AS PAYMENT
📰 Article 2 - South Korea is betting on the metaverse — and it could provide a blueprint for others
📰 Article 3 - Former OpenSea executive charged in first-ever NFT insider trading case
📰 Article 4 - Fidelity expands crypto arm.
📰 Article 5 - Johnny Depp wins defamation lawsuit against Amber Heard.
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