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TikTok user catches NFT insider trading thanks to blockchain ledger

Tiktok user, dleen.ious posted a video September 14th about selling his NFT to the head of product for the platform. The user notes in his video the transaction on the blockchain where it executed. Twitter user @RicefarmerNFT addressed The NFT sold here. The NFT in question can be seen here with a current standing offer for $1000 profit.

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The platform later posted an announcement on the misconduct. Continuing to cite that employees are not allowed to buy or sell items that are being promoted. “OpenSea team members are prohibited from using confidential information to purchase or sell any NFTs, whether available on the OpenSea platform or not.” Later adding all addressed policies to the company.

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Crypto News Wrap – September 24th, 2021

The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. September 24th, 2021 China bans BTC for 7th time, warns local governments of Evergrande potential failure. Fantom network releases commison free NFT marketplace. Evergrande […]

Crypto News Wrap – September 23rd, 2021

The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. Our wraps update throughout the day, come back often. September 23rd, 2021 Twitter deploys NFT authentication services as well as bitcoin tipping on IOS […]

Crypto News Wrap – September 22nd, 2021

The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. Our wraps update throughout the day, so come back often! Our team has a daily goal of bringing you the biggest news in crypto. […]

2 thoughts on “TikTok user catches NFT insider trading thanks to blockchain ledger

  1. […] Nobody knows for sure what it might look like implemented but we have some good guesses. League of legends players own “skins” which are like costumes for various champions. These skins provide unique visual appearances. Skins are sold in the games public shop in the client for the most part. There was a previous time period where skins could be redeem as collectible codes. Unique ideas get presented when NFTs get brought into the picture with skins. Hackers of League of Legends accounts would not be able to steal collectibles. […]

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