OpenSea employees might go to jail

Former product manager at OpenSea, Nate Chastain, is facing up to 40 years in prison after being accused of insider trading by the SEC. Over the last year, we have also seen NFT rug pullers arrested, and lawsuits between the SEC and companies such as Ripple, BlockFi, and LBRY. The SEC has doubled the size of their crypto unit and are doubling down on regulation for NFTs and crypto.

DOJ Press Release - https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-charged-first-ever-digital-asset-insider-trading-scheme

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