On June 8, according to foreign media Forbes (Japan), the new thing NFT industry has brought a new lateral shock. The US prosecutor confirmed a case of internal transaction fraud from NFT, which is also the first case in the US judicial history in which NFT virtual property was introduced into the scope of internal transaction fraud.
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• the case occurred in the famous NFT trading station opensea. Nate chatain, the former key position employee of the case, was suspected of using his own review of the position advantages of the main station to display NFT in 2021. He quietly purchased 45 NFTs before the public display on the website, and then sold them quickly after the release to earn huge profits.
• the U.S. fair trade act has been continuously improved since it was enacted in 1934. However, blockchain and NFT art, which have suddenly exploded in recent years, were not involved in the case before. On June 1, the U.S. prosecutor decided to file a lawsuit against the NFT internal transaction fraud, which means that the internal transaction fraud has been updated again.
• federal prosecutor Damian Williams said that this case has clarified the position of the U.S. government. We will not allow any internal transaction fraud in the stock market or blockchain market.
