{"id":13340,"date":"2022-04-06T15:30:24","date_gmt":"2022-04-06T19:30:24","guid":{"rendered":"https:\/\/pley2win.com\/metaverse\/beutrec-fired-from-boki-nft-after-starcatchers-insider-trading-scandal\/"},"modified":"2022-04-06T15:30:24","modified_gmt":"2022-04-06T19:30:24","slug":"beutrec-fired-from-boki-nft-after-starcatchers-insider-trading-scandal","status":"publish","type":"post","link":"https:\/\/pley2win.com\/?p=13340","title":{"rendered":"Beutrec Fired From Boki NFT After Starcatchers Insider Trading Scandal"},"content":{"rendered":"

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Yesterday morning the Boki NFT team announced their artist Beutrec will no longer be a part of the project moving forward. Beutrec was the lead artist on the Boki team, accused on NFT insider trading.<\/p>\n

We have seen a few insider trading concerns in the NFT space recently. With Boki being scheduled to mint sometime in April, the team doesn\u2019t want any FUD surrounding the project.<\/p>\n

\"3 — Starcatchers, the project Beutrec was allegedly insider trading \u2013 Credit: Starcatchers<\/figcaption><\/figure>\n
Boki operations have always been from an Art Studio perspective and they have a team of artists. They have several talented artists who can fill in and do so moving forward. In the official Twitter thread<\/a>, Boki reiterates the fact that the artwork vision wasn\u2019t just Beutrec\u2019s.<\/p>\n
Zero Tolerance for NFT Insider Trading<\/h2>\n
In the NFT space, there is a grey area, where do you draw the line of ethics. This isn\u2019t traditional markets, where receiving a tip from a company before it becomes public knowledge is quote-on-quote insider trading.<\/p>\n
The largest NFT insider trading case to date has been the OpenSea employee, Nate Chastain scandal. Nate used his position at OpenSea to buy front-page drops before they were listed and then cashed out when that specific project would see a spike in volume. Further, he made upwards of 20 ETH using this method.<\/p>\n
Boki NFT is one of the most hyped upcoming projects and art studios in the space. With Buetrec\u2019s Starcathers NFT insider trading allegations, most community members feel the team made the right decision. Beutrec is just 20 years old and NFT users are hoping he learns from this.<\/p>\n
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