The Story
So at this point, I am probably very late to the party but somewhere around the beginning of last week, there was a story that generated a lot of news articles, it was, of course, a story that in my view just shows how practically in crypto space nothing is certain from a legal standpoint.
I am talking about the story that a previous OpenSea employee was criminally charged with insider trading and another host of financial crimes.
So the whole scandal revolves around the fact that this guy, using his insider knowledge of knowing which NFTs will be featured on the home page, bought and sold NTFs to make some profit.
What I am guessing is that this guy didn’t even think he is doing something illegal, he was found out probably by the community which for whatever reason(probably hunting for profit) looked more closely at some blockchain transactions.
I am assuming that if the guy thought he was doing something illegal he would have put some effort into anonymizing his wallet transactions.
Anyway, after the news broke out OpenSea fired the guy, which seems reasonable after all even the OpenSea publicly remarked that in their view he was doing something unethical but they didn’t think it was illegal.
