🚨 Crypto Industry News 🚨

- In September 2021, OpenSea faced its first-ever insider trading scandal. Head of Product Nate Chastain used insider information to buy NFTs that were soon to rise in price. The result: $57,000 in profit and three months in prison.

- In 2022, BitMEX founders pleaded guilty to violating the Bank Secrecy Act. Lawsuits are ongoing, including allegations of market manipulation.

- In 2022, three Coinbase employees were charged with insider trading, earning $1.5 million. All received prison terms and fines.

- A June 2023 report from Solidus Labs found that 56% of ERC-20 tokens showed signs of insider trading.

Be careful and remember: the crypto market often plays by its own rules.