Indictment: > August 2, 2021: minutes before the NFT named “The Brawl 2” was featured on OpenSea’s homepage, CHASTAIN purchased 4, only to sell them within hours after the NFT was featured at prices double of what he paid.
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Tay 🦊 💙 Retweeted ricefarmer.eth 🍚
Motherfucking CT:https://twitter.com/RiceFarmerNFT/status/1437956078130585611 …
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Indictment: > August 9, 2021: CHASTAIN purchased 10 of the NFT “Flipping and spinning” before it was featured on OpenSea’s homepage, and then sold them at prices 250% to 300% higher than where they were before the NFT was featured.
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Tay 🦊 💙 Retweeted ricefarmer.eth 🍚
Motherfucking CT:https://twitter.com/RiceFarmerNFT/status/1437956088998072325 …
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ricefarmer.eth 🍚 @RiceFarmerNFTAbout 8 minutes later, Wallet B buys 4 pieces from the "Dailydust Collection". One in particular for .25 ETH named "Spectrum Of A Ramenfication Theory" https://etherscan.io/tx/0x746ccf070c789dfc68360c015943d3b97d464d4c90c77333235665a7bdc1dba2 … pic.twitter.com/AZacOYpuHiShow this thread1 reply 0 retweets 43 likesShow this thread -
Indictment: > Sept 14, 2021: CHASTAIN purchased “Spectrum of a Ramenfication Theory,” as well as 3 other NFTs by the same creator, shortly before the NFT was featured on OpenSea’s homepage. CHASTAIN made over 4x when he sold it early the next morning.
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Tay 🦊 💙 Retweeted ricefarmer.eth 🍚
Motherfucking CT:https://twitter.com/RiceFarmerNFT/status/1437956099513126920 …
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@nlw covered this all back on Sept 16th, 2021: "Free Markets vs. Investor Protections: Warren and Gensler on Crypto" A majority of the points of this episode are somehow even more relevant today so def give it a listen but i pulled the quotes for you.https://nlwcrypto.libsyn.com/free-markets-vs-investor-protections-the-latest-from-warren-and-gensler-on-crypto …1 reply 2 retweets 38 likesShow this thread -
> If you're not aware, we're fighting for a new type of finance that isn't completely surrounded by paternalistic regulations. > Insider trading completely—and I mean completely—undermines that. –
@nlw3 replies 5 retweets 59 likesShow this thread -
> The ethics of insider trading aren't some quaint artifact of legacy finance that we should get rid of. > They are a fundamental pillar of functioning, free markets. –
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> The "free" in "free markets" is about ensuring a certain level of equanimity. > Privileged information is one of those things that can and will absolutely undermine the functioning of the market. –
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