Insider Trading on NFT Marketplaces Spikes Concern Over Regulation

On Tuesday, Twitter user @ZuwuTV, an NFT trader and collector, noticed that an employee for the popular NFT marketplace OpenSea seemed to be involved in insider trading. The $1.5 billion startup’s head of products, Nate Chastain, was suspected of using several secret Ethereum wallets to buy exclusive OpenSea NFT drops before they were officially listed on the website for purchase. Chastain allegedly sold the NFTs when prices spiked during their official release. The profits were then alleg