Logan Paul will be held liable for his zoo scam
That’s not the first (or even tenth) case of YouTube stars and professional sportsmen being accused of promoting scam projects. Pro wrestler Logan Paul couldn't slide out of the strong arm of the law, either. He was named in a class-action suit from the CryptoZoo investors, alleging the project to be a typical Rug Pull. Paul was one of the founders of that fraudulent venture, so the plaintiffs have a pretty good chance to receive the compensation. Previously, we’ve published a complete guide to crypto analysis. Always remember to DYOR!
Bankrupt Voyager will dump Shiba?
Over the last day, Voyager Digital transferred assets worth approximately $9.6 million to Coinbase, Binance US, and Kraken, including 4.9 million VGX, 221,000 LINK, 3,050 ETH, and 270 billion SHIB. Another interesting fact: one of the addresses has 6.8 trillion SHIB, putting it in 18th place among the largest owners of the meme coins after the transfer. We've got a riddle for you: you're broke, you need money, the enemy is nearby, so you transfer 270 billion coins to the exchange. Is it for a far-off journey or an inheritance?
The Solana ecosystem is losing another player
Lending protocol Everlend Finance has announced that it has ceased operations. The reason is simple: a lack of liquidity. The codebase is left open-sourced by the developers so that others can continue working on the project. However, the team also maintains that Everlend is a fantastic product that will eventually be very convenient, and that Solana is the most effective network for its implementation. The app is now in withdrawal-only mode
Tether successfully dodged some FUD
Tether's (USDT) chief technology officer Paolo Ardoino claims that the project never received loans from the bankrupt lending platform Celsius. His response came in the aftermath of Celsius' bankruptcy report, in which Tether was listed as "infected" alongside 3AC and Alameda Research. User, get your USDT back before you blow it all on shitcoins!
The Twitter killer has arrived!
The App Store has approved Damus App, dubbed the "Twitter killer" mobile app. The decentralized social network accepts Bitcoin payments via the Lightning Network and has the endorsement of Jack Dorsey (former CEO of Twitter), who believes the project has a bright future. Now, Elon Musk, what do you think?
Is the perfect storm coming for Aptos?
Aptos development team wallet transferred over 1 million APT (~$20 million) from the main wallet to the Binance exchange. More than 1/3 of the total APT supply ($985 million) remains in the wallet. If these coins will hit the market, the APT price may undergo a significant correction. Although APT attracted a lot of attention with a sharp price increase of more than 450% in a month, one should always keep in mind the project is too centralized: 97% of the total supply is held by only 20 wallets. Thus, the price can be easily manipulated.
A scam with the Shiba Inu giveaway was exposed on Reddit
To allegedly receive free SHIBs, users were asked to follow a phishing link. After that, scammers connected to the victim's crypto wallet and withdrew all funds. Suspicions arose in the r/CryptoCurrency subreddit. Community members began spreading information about phishing so that others won't become scam victims. They called it the biggest scam ever to hit Reddit. If you have already clicked on such a link, urgently move your coins and tokens to another wallet. And remember, if a deal looks too good to be true, you're probably in the thick of it.
SBF relatives do not cooperate with the investigation
In their search for bankrupt FTX clients' money, lawyers want to cross-examine SBF's mother and brother. It is already known that the businessman's parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF's brother bought a multi-million dollar property near United States Capital (probably with the FTX clients' money). Negotiations with the SBF's father are ongoing. Perhaps the court will be able to get the truth at least from the suspect's father.
MythicalGames bought the Ukrainian blockchain marketplace DMarket
The deal with the American gaming NFT project, which has its own platform and MYTH token, is estimated at $70-100 million. John Linden, co-founder and CEO of Mythical Games believes that most metaverses are still very complex and not designed for gamers. They're nit seamless and 100% integrated. That's exactly the kind of challenge they're taking on with their DMarket takeover. We're happy for our fellow Ukrainians and another multi-million dollar case.
Moonbirds creator Kevin Rose hacked
Rose lost 40 rare NFTs worth over $1.1 million in a phishing attack. Kevin personally reported the hack on Twitter and asked his followers to avoid buying any Autoglyph and Chromie Squiggles. PROOF Vice President of Engineering Arran Schlosberg detailed the fraudulent scheme. According to him, "the technical aspect of the hack was limited to crafting signatures accepted by OpenSea's marketplace contract." They immediately used theft prevention tool Revoke Cash, but it was too late. PROOF stressed that users' assets were not affected, since the vast majority of assets require multiple approvals for access.
Pedigree enters Decentraland to rescue homeless dogs
Pedigree created a virtual shelter with 3D avatars of dogs who live in real-life shelters. Users can now bring a dog avatar into their virtual home and try to coexist with it. Additionally, interactive pets need to be fed, taken for walks, and they even know how to destroy things. They also resemble their prototypes quite closely. The Pedigree team is confident that this will help real dogs find families. Adoptions are available to Metaverse users at Pedigree.com/Fosterverse. The Metaverse visitors also have the opportunity to donate in support of homeless dogs.
VeChain technologies will help in biofuel production.
UCO Network began cooperating with the VeChain project to create a global platform for collecting, processing, and exchanging used cooking oil for biofuel production. This industry is expected to become more efficient and transparent thanks to VeChain's logistics-specific technologies. It's good that blockchain is increasingly being used for practical purposes and not just for "whales" to become even richer.
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