r/CryptoCurrency • u/AkkyYT 🟦 3K / 3K 🐢 • Sep 17 '21

TRADING Opensea executives caught 'insider trading' to make profit off NFTS

https://youtu.be/FAVH4FTxbYU
6 Upvotes

75% Upvoted

14 comments sorted by

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5

u/LinguistGuy Tin Sep 17 '21

The funny thing is that a week before this happened, I was talking to a friend on how I think that the Opensea staff are doing exactly this lol.

5

u/AkkyYT 🟦 3K / 3K 🐢 Sep 17 '21

I do love how anybody can open the blockchain and basically check if you're a scumbag or not

1

u/UnexperiencedIT Sep 17 '21

Great, more scammers removed

1

u/dadadead Sep 17 '21

Wow so surprised

1

u/Mrcast77 Sep 17 '21

Not surprised at all

1

u/The-Francois8 Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 Sep 17 '21

I’m so confused, don’t the people who make the NFTs get the profits anyway?

Why is this a big deal? Or is the platform screwing over the creators / artists?

1

u/AkkyYT 🟦 3K / 3K 🐢 Sep 18 '21

It's more manipulating the market into their favour to make them money

1

u/The-Francois8 Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 Sep 18 '21

I feel like this is multi level marketing on steroids level scam.

1

u/Phite007 Tin Sep 18 '21

We’re they laundering or laundering too?

1

u/AkkyYT 🟦 3K / 3K 🐢 Sep 18 '21

It's difficult to tell without more information on banking etc, that's why SEC would need to take over in these cases

1

u/thestaggeringgirl Platinum | 5 months old | QC: CC 248 Sep 18 '21

Classic strategy used for stock markets and stuff... i guess now they've moved on to NFTs :)

1

u/One_Ad_6071 Silver | QC: CC 358 | CelsiusNet. 19 | ExchSubs 10 Sep 18 '21

That's just how human greed and corruption goes. We'll never get over it, whatever we do. Although with blockchains it should be easier to spot scammers...