Former OpenSea Employee is Fired for Insider Trading
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17 September
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NFTs marketplace OpenSea has fired an employee involved in insider trading, the company has reported via its official blog:

"Today, there are 20 million NFTs to discover on OpenSea. We owe this growth to the vibrant community of creators and collectors who use our platform every day, and we have a strong obligation to this community to move it forward responsibly and diligently."

According to project managers, the employee's behavior was against the company's position, resulting in him losing his position.

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OpenSea's publication does not explicitly mention the name of the employee in question. However, a Twitter user has suggested that Nate Chastain, the company's product manager, allegedly used information about the location of tokens on the homepage for his own benefit.

Following this, OpenSea launched an internal investigation and changed the rules applicable to employees regarding token purchases.

Nate Chastain's Twitter profile indicates he no longer works for the company. Chastain is believed to have earned 19 ETH (about $67,400 at the current exchange rate).

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