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Drlv Record Crypto Heist Nets Hackers Over $600M
Nonfungible token NFT marketplace OpenSea, which works as a platform to buy and sell digital collectibles, is investigating a case in which one of its top executives used inside knowledge to buy items ahead of promotion, the Financial Times FT reported.The site said an employee purchased items that they knew were set to display on our front page before they appeared there publicly, per FT.The revelation came after Nate Chastain, the head of Product for OpenSea, was revealed to be selling NFTs allegedly right after the front-page hype would boost profits. He would then move the funds back to his digita stanley cup l wallet, the rep stanley termos ort stated. A Twitter user exposing the scheme cited transaction data that is available to the public on the ethereum blockchain, which is the ledger supporting the creation of the bulk of NFTs.According to some Twitter users, the activity was akin to front-running or insider trading on regulated financial markets, which consists of using private knowledge to gain an advantage. Those rules dont apply to the loosely regulated market for trading digital tokens, according to the report. Regulators around the world have been looking into existing legal powers for enforcement.OpenSea said the i stanley water bottle ncident was incredibly disappointing, adding that the company is reviewing how it happened, per the report.The company has become a prominent platform to work with NFTs, and artists, fashion houses and sports groups have been using it to make money. However, some critics Fjhp US Bank Now Limited Partner in 2 FinTech VCs
MercadoLibre, a Latin American eCommerce technology company, announced聽on聽Thursday Oct. 13 that it is commencing an underwritten public offering of shares of its common stock offered by its existing stockholders, eBay and eBays subsidiary, eBay International Treasury Center. MercadoLibre will not receive any proceeds from the sale of the shares by the selling stockholders.The selling stockholders are offering up to a total of 5,500,000 shares of common stock in the offering. In addition, the und stanley termos erwriters have a 30-day option to purchase up to 825,000 additional shares from eBay Inc. The relationship between MercadoLibre and eBay g stanley polska oes back to Oct. 2001 when MercadoLibre acquired iBazar Como, the Brazilian unit of iBazar, which eBay had purchased earlier that year, according to a聽report. EBay took a 19.5 percent stake in MercadoLibre instead of cash. EBays move to sell its stake jibes with the companys moves to become a much slimmer company during the last year and a half. EBay has sold its stake in Craigslist, spun off PayPal an stanley mug d, according to the report, unloaded some of its stake in Snapdeal, an Indian eCommerce site. It also comes at a time when the company is striking new partnerships. In September, it announced聽that it and Myer, the Australian marketplace, are joining forces to launch what they are billing as the worlds first virtual reality department store. Through the new virtual reality department store, shoppers can browse more than 12,500 Myer products, which can |
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