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A new class action lawsuit alleges that several well-known finance YouTubers, including Graham Stephan, Andrei Jikh, Jaspreet Singh and others, should be held responsible for promoting now-disgraced cryptocurrency exchange FTX. The lawsuit’s plaintiff is Edwin Garrison, a private investor who also filed a lawsuit against former FTX CEO Sam Bankman-Fried himself, plus celebrity promoters like […]
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Looks like Meta is NGMI, as some might put it. Meta’s head of commerce and financial technologies Stephane Kasriel posted on Twitter that the company will sunset its NFT and digital collectibles features on Instagram and Facebook. This short-lived product only began testing with select Instagram creators last May, plus some Facebook users in June. […]
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According to a new filing from the Southern District of New York’s attorney’s office, former FTX co-founder and CEO Sam Bankman-Fried (SBF) now faces four additional counts of fraud, bringing his total to twelve charges. With these new charges, the former crypto wunderkind has been accused of defrauding the Federal Elections Committee (FEC), along with […]
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In a press conference on Wednesday, the U.S. Department of Justice announced that it has arrested Anatoly Legkodymov, founder of crypto exchange Bitzlato, for allegedly processing over $700 million of illicit funds. “Overnight, the Department worked with key partners here and abroad to disrupt Bitzlato, the China-based money laundering engine that fueled a high-tech axis […]
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The NFT marketplace SuperRare is cutting 30% of its staff, according to a Slack message from CEO John Crain. Crain posted a screenshot of the message on Twitter. I have some tough news to share: pic.twitter.com/iLDKqgyhQa — SuperRare John 💎 (@SuperRareJohn) January 6, 2023 “During the recent bull run, we grew in tandem with the […]
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Given Logan Paul’s dubious history on YouTube, it probably doesn’t come as a surprise that his CryptoZoo NFT project has allegedly turned out to be a scam. Some investors ended up losing up to half a million dollars, according to independent YouTube reporter Coffeezilla. The development of CryptoZoo has been stalled due to alleged nonpayment […]
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New York financial regulators have found that the popular cryptocurrency exchange Coinbase violated anti-money laundering laws by failing to conduct adequate background checks. Coinbase will pay a $50 million fine to the New York State Department of Financial Services, and is also required to spend $50 million on improving its compliance program. Coinbase disclosed that […]
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As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition. Meta confirmed to TechCrunch that it is purchasing Luxexcel, a smart eyewear company headquartered in the Netherlands. The terms of the deal, which was first reported in the Belgian paper De Tijd, have not been […]
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Activision Blizzard COO Daniel Alegre is leaving the gaming giant to take over as CEO of Yuga Labs, the company behind the Bored Ape Yacht Club. Yuga’s first and current CEO Nicole Muniz will stay on as a strategic advisor. “Nicole, Greg, and I have been on the hunt for someone with Daniel’s skill set […]
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“I’ve had a bad month,” Sam Bankman-Fried (SBF) said onstage. The crowd instantly broke out in laughter. The former CEO and founder of disgraced crypto exchange FTX, SBF’s month probably got worse today. In his first public interview since his company imploded, New York Times reporter Andrew Ross Sorkin didn’t go easy on him at […]
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