OpenSea head of product Nate Chastain, who was just lately accused of a type of NFT insider buying and selling, seems to not be working for the corporate. His Twitter bio now contains the phrase “Past: @opensea.” OpenSea has not publicly named the worker concerned within the incident, however CEO Devin Finzer says the NFT buying and selling platform requested for and acquired their resignation.

Yesterday, Finzer put up a blog post saying an worker used information gained from working on the firm to buy NFTs that have been about to be posted to the favored buying and selling web site’s homepage (and would thus doubtless go up in worth). Whereas an investigation is seemingly nonetheless ongoing, OpenSea does say that it’s applied clearer guidelines to forestall staff from doing this sort of factor sooner or later.

The incident got here to mild after the NFT neighborhood started digging into transactions in Chastain’s public pockets. Group members, benefiting from the blockchain’s openness and semi-transparency, have been capable of finding transactions that appeared to point that he was secretly flipping NFTs. The neighborhood members additionally say that the transactions present that this flipping earned the worker hundreds of {dollars} or extra — you may learn extra concerning the investigations and accusations right here.

Chastain has but to make a public assertion or acknowledge the state of affairs in any method. Nevertheless, his Twitter profile, and OpenSea’s weblog publish, would appear to point that his time on the firm is over.


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