He said the company has launched a new verification system, that identifies authentic accounts and content more prominently to keep scammers out and that OpenSea’s copy mint prevention system is the most sophisticated spam and fraud reduction tool the company has built. The company’s co-founder and CEO Derin Finzer then committed to stepping up efforts in preventing thefts, scams, and IP infringements on the marketplace.įinzer said while plagiarism, IP infringements, and thefts are prohibited under OpenSea’s Terms, “at our scale, comprehensive policies were not enough." Invest in or value your shares in one or many pre-IPO companies through an EquityZen investment vehicle. There’s no question that OpenSea, now far and away the most dominant non-fungible token marketplace, has been a success for its investors. OpenSea CEO commits efforts against frauds Sign up today and learn more about OpenSea Stock. music creators sell parts of their future royalty streams on anotherblock, giving you access to ownership in major tracks. Recently, OpenSea’s former head of product Nathaniel Chastain was charged by the United States Department of Justice with one count of wire fraud and one count of money laundering.Īccording to the Department of Justice, Chastain used confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain. NEW YORK, J/PRNewswire/ - OpenSea, the worlds first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs), today announced it has raised 100. OpenSea employee recently arrested for fraud Buy, sell, and discover exclusive digital items. “Please be aware that malicious actors may try to contact you using an email address that looks visually similar to our official email domain, ‘opensea.io’," the NFT marketplace stated and added that the security breach has been reported to law enforcement agencies. OpenSea The world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs). Data breach reported to law enforcement agencies A collection of 1500 nuts from five criminal families, each with unique skills and quirks, battling for control in the Nutty verse Brought to you by nftperp See more. The world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs).
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