NFT insider trading is out of control

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Added 2 years ago by admin

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NFT Insider trading is a bigger issue than most people realize, and chances are that it'll only get worse.

This weekend a group of traders swept the Cryptopunk floor hours before Yuga Labs made an announcement about the future of Punks. This wasn't the first time we've seen people making NFT trades based on insider info, and in fact it wasn't even the first time we've seen it happen with a Yuga Labs collection.

In this video I talk about the growing issues around insider trading, the difficulty in proving these cases and whether or not it's illegal in the first place.

0:00 sweeping the Punks floor (coincidence?)
2:23 insider trading is EVERYWHERE
3:56 proving the crime
4:50 is it even illegal?
6:06 good luck trying to catch this
7:12 the court of public opinion