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Home Crypto Updates

How the Feds Are Prosecuting NFT Insider Buying and selling Scheme as Wire Fraud – and Why That Issues

by BitScoop
June 11, 2022
in Crypto Updates
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How the Feds Are Prosecuting NFT Insider Buying and selling Scheme as Wire Fraud – and Why That Issues
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In response to the indictment, Chastain took benefit of the way in which OpenSea promotes NFTs on its web site. A number of occasions per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs often appreciated in worth after showing on the homepage due to the “improve in publicity and ensuing demand.” The Indictment alleges that Chastain knew which NFTs OpenSea would characteristic on its homepage, as a result of he generally, in his function as an OpenSea worker, chosen them.

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