OPENSEA ACCUSED OF “DIRTY SHILL” FOR THE DISCONTINUED NFT PROJECT FATZUKI
The NFT investment community on end of July 2023.
The community accuses the exchange of deliberately using its influence to "inflate" the price of the NFT collection, thereby creating liquidity for others to "exit". Users also discovered massive sales of FATZUKI after the project was promoted by OpenSea.
According to CoinGecko, the floor price of FATZUKI after OpenSea's post has skyrocketed 6 times. After OpenSea's post, FATZUKI's X account also posted its first post since July 24, claiming to have been "resting" all this time.
In the past, OpenSea has also been hit with insider trading accusations when former director Nate Chastain used inside information to buy NFTs before it was listed. He was later arrested and prosecuted by US authorities, and he was sentenced to 3 months in prison.
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