Tracking crimes and scams involving cryptocurrency, NFTs and related digital currencies.
Opensea’s Nate Chastain Arrested By FBI, Charged With Fraud, Money Laundering. “Former OpenSea product manager Nate Chastain was arrested by the FBI early Wednesday morning in New York City and charged with wire fraud and money laundering in connection with an elaborate NFT insider trading scheme. In a press release, The Department of Justice claims Chastain used his advanced, confidential knowledge about which NFTs would be featured on OpenSea’s platform to secretly buy them and then sell them for up to five times their original value.” [Gizmodo]
One of the first political bloggers in the world, Oliver Willis has operated OliverWillis.com since 2000. Contributor at Media Matters for America and The American Independent. Follow on Twitter at @owillis. Full bio.