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Tag Archives: Open Sea

Open Sea NFT Executive Arrested for Financial Crimes

A former top executive with Open Sea – a leading distributor and designer of non-fungible tokens (NFTs) – has been arrested for crimes such as wire fraud, money laundering, and insider trading. Open Sea Head Faces Criminal Probe NFTs have become increasingly popular over the past two years. First introduced in 2020, NFTs represent partial ownership in larger commodities, such as original comic strips or a piece of art. For example, if one is selling an NFT of the Mona...

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