OpenSea Confirms Executive Used Insider Knowledge When Buying NFTs
Wednesday September 15, 2021. 05:20 PM , from Slashdot
On September 15, OpenSea published a blog post acknowledging Chastain's actions. 'Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,' said OpenSea. 'This is incredibly disappointing. We want to be clear that this behavior does not represent our values as a team. We are taking this very seriously and are conducting an immediate and thorough review of this incident so that we have a full understanding of the facts and additional steps we need to take.' The company has rolled out new policies specifying that team members may not buy or sell from collections while they are being promoted, and cannot use confidential information to purchase or sell NFTs.
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Sep, Mon 27 - 11:31 CEST