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Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning about a possible incoming attack on their social media accounts under the Yuga Labs umbrella after receiving “credible information” that an insider from Twitter would help bypass the security of the accounts.Yuga Labs, home to some of the most popular
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According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Multiple times per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs usually appreciated in price after appearing on the homepage because of the “increase in publicity and resulting demand.” The Indictment alleges
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A former OpenSea executive, Nathaniel Chastain, has been arrested and booked on charges of insider trading of NFTs, money laundering and wire fraud. Per the press statement released by the U.S. Attorney’s Office in the Southern District of New York (SDNY), Nathaniel Chastain was arrested officially on Wednesday and charged
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Former Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to non-fungible tokens being labeled as securities. On Wednesday, in a first for the industry, prosecutors in Manhattan charged former OpenSea product manager Nathaniel Chastain with
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On June 1, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain was a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the first case of its kind regarding digital assets and traditional criminal investigations. Former employee of NFT marketplace charged
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Department of Justice officials say it's the first time they've pursued an "insider trading" charge involving digital assets. Original Source
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After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for
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Ben McKenzie, the actor known for his roles on TV shows including Gotham and The OC, is speaking out against public figures endorsing projects in the crypto space without seemingly disparaging the technology, itself.Working with The New Republic staff writer Jacob Silverman, McKenzie made waves in early October after penning
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“These organizations try to keep price-affecting news confidential before release, but as with all organizations, it’s possible that insiders do trade confidential information or it’s leaked to other people that do,” Andrew Kang, co-founder of crypto investment firm Mechanism Capital, told CryptoX. Source
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Reported U.S. investigations into Binance, one of the world’s largest crypto exchanges, now include an insider trading and market manipulation probe, Bloomberg reported Friday.Bloomberg said the Commodity Futures Trading Commission (CFTC) has begun recruiting possible witnesses. That could signal a more serious legal investigation than the collaborative inquiry Binance officials
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