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This isn't just about NFTs. It's about every transaction: houses, cars, art, watches, shoes, comic books, any collectible, store of value or investment. Forget DYOR, inspections, appraisals. If you don't have 100% info overlap, trading is illegal. Impossible standard, bad policy.

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e𝚔𝚒n

@eking0x

· Jun 3

“This isn’t being brought as an insider trading case, it’s a wire fraud case. Yet the government misleadingly describes this as insider trading because they know that buzzword will generate headlines,” @JWVerret tells me in this @motherboard @VICE piece: vice.com/en/article/ake

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Jesse Powell

@jespow

Jun 5

I guess the objection is that Nate knew that the asset was scheduled to be featured before he bought, and before the ad was public. But how were other traders disadvantaged by this? Nate had no material info about the asset itself, just that it was going to get extra attention.

e𝚔𝚒n

@eking0x

Jun 5

the DoJ alleges that “Chastain betrayed OpenSea by using its confidential business information to make money for himself” re: material info about the asset, here’s

on a related issue:

Replying to

and

Thx. These are some big assumptions. More holders doesn’t automatically equal more value. In fact, if you limit 1:1, you’re probably leaving a lot of value on the table from whales who would own 2+. Why isn’t Nate good as any other flipper? Listings often result in a price crash.

7:48 PM · Jun 5, 2022Twitter for iPhone