Share this article
OpenSea Exec Accused of Insider Trading Resigns
OpenSea’s head of product, Nate Chastain, has resigned following allegations of insider trading.
Updated May 11, 2023, 4:02 p.m. Published Sep 16, 2021, 9:36 p.m.
Nate Chastain, head of product at the non-fungible token (NFT) marketplace OpenSea, has resigned following allegations of insider trading.
Chastain was specifically asked to resign, OpenSea co-founder Devin Finzer told CoinDesk in an email.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The allegations cropped up on Twitter on Tuesday night; in a thread, a user called @ZuwuTV posted transaction receipts from Ethereum addresses involved in front-running NFTs on the OpenSea website, which appeared to be tied to Chastain.
Chastain, the user alleged, was snapping up cheap NFTs before OpenSea planned to feature them on the site’s homepage, and then quickly selling them after the increased attention sent the prices up.
On Wednesday morning, OpenSea acknowledged in a statement that someone at their company was in fact doing this, but didn’t name Chastain. The company said it has implemented new policies to prevent this kind of activity from being repeated.
Chastain still has yet to respond publicly, but quietly updated his Twitter bio this morning to reflect his having left the company.
truthfully, him updating us on twitter like this does hurt my heart a little. from one human being to another, i hope you’re ok pic.twitter.com/jwVXtDjguY
— andrew (@andr3w) September 16, 2021
Plus pour vous
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ce qu'il:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
