OpenSea’s product chief is out after insider NFT flipping accusations


Illustration by Alex Castro / The Verge

OpenSea head of product Nate Chastain, who was just lately accused of a type of NFT insider buying and selling, seems to now not be working for the corporate. His Twitter bio now consists of the phrase “Previous: @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 weblog put up saying an worker used information gained from working on the firm to buy NFTs that had been about to be posted to the favored buying and selling website’s homepage (and would thus doubtless go up in worth). Whereas an investigation is outwardly nonetheless ongoing, OpenSea does say that it’s carried out clearer guidelines to forestall staff from doing this type…

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