Blockchain Sleuth Reveals OpenSea Employee Engaging in Insider (NFT) Trading

Twitter user and Blockchain sleuth Zuwu shares an incriminating paper trail revealing a senior employee of the NFT platform OpenSea has been engaging in insider trading. In a Twitter thread they list a number of suspicious transactions from wallets connected to OpenSea Head of Product Nate Chastain—indicating purchases of NFT projects right before they were featured on the site’s homepage, and then corresponding sales when the price spiked. While unscrupulous NFT collectors engage in a range of dubious practices including scalping, bribing miners, and gas wars, this is the first instances of a major NFT platform employee being caught red-handed.


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