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OpenSea hit with Wells notice, says SEC lawsuit will ‘misinterpret law’

OpenSea claims that classifying NFTs as securities would misinterpret the law, jeopardize artists’ livelihoods, and stifle innovation.

Latest third-party breach leaks OpenSea user APIs

OpenSea cautioned that existing keys will expire in October but added that new keys will “have the same permissions and rate limits.”

The OpenSea NFT insider trading conviction may open up the potential for an increase in fraud cases involving business secrets.

The surge in royalty payments follows a new policy issued by Blur that states creators are to delist their NFTs from OpenSea.

Wash trading has been common in the NFT market with some reports alleging that, at the peak of the NFT bull market, it made up 80% of sales.