Some Coinbase customers in these jurisdictions seemed less than enthused at the announcement. One tweeted, "Wait, then what's the point of crypto/blockchain, being outside of fin.system and all.. I may be better off sending fiat money".
Coinbase begins to require users in Canada, Singapore, and Japan to input personal information about the recipients of their crypto transactions
Crypto tax software firm ZenLedger fires executive after the New York Times discovers he lied extensively about his background
After Lieber put these questions to ZenLedger, the company fired Hannum. ZenLedger founder Pat Larsen was cagey around the circumstances under which Hannum was hired, and an outside spokesperson for the company laid the blame on a bad referral and a federal background check that returned "no flags regarding his education or work history". A venture capital firm that invested in the company reported that they "did more due diligence than a traditional venture capitalist would have done" on the company but had not checked Hannum's background.
Some crypto proponents have spoken positively about using excess gas that would otherwise be flared for Bitcoin mining, though climate experts have spoken out against it being a sufficient or reasonable solution. "It's like if you had a leaky gasoline pipeline and, instead of fixing the problem, you plugged in a Humvee next to the leak and left the engine on in perpetuity with the A/C on full blast," said UC Santa Barbara professor Paasha Mahdavi.
Hacked verified Twitter accounts impersonate BAYC founders, scam $1 million with fake ApeCoin airdrop
There were multiple scammer accounts involved in the scheme, and one researcher has estimated that the scammers had made around $1 million from reselling the NFTs as of March 24. A similar hack had occurred several days earlier, in which a hacked verified account impersonated a BAYC founder and successfully stole three pricey Bored Apes from a collector.
- "When NFTs came to roller derby, roller derby put up a fight", Vox
- Bout Time NFTTT website, with statement about project closure
Department of Justice charges the scammers behind the January "Frosties" NFT rug pull with fraud and money laundering shortly before they launch their second project
The statement also alleged that the duo were working on another NFT project called "Embers", which they hoped would generate around $1.5 million. The project was set to mint on March 26, and the 60,000-member Discord has been thrown into disarray. Some of the community moderators began deleting links to the D.O.J. announcement, and attempted to suggest that the Department of Justice website had been faked to "FUD" the project.
The individuals behind the Frosties scheme face charges that each carry a maximum sentence of 20 years in prison, if they are convicted.
The animator who created the band animation, however, has big dreams for the possibilities NFTs could bring to dancers. Dancers "can now claim digital ownership over a series of moves or routines by means of NFTs". Imagine, he says, "owning the original Moonwalk". Yes, everyone, just imagine how much better the world could be today if everyone had had to pay royalties whenever they imitated Michael Jackson's signature move.
- "NFT Band Debuts With Singer Kiesza on Ellen Degeneres Show", Decrypt
- "Kiesza Performs 'Passenger'", YouTube video
Both lawsuits center on Taylor Whitley and his departure from the project, but they diverge considerably from there. Whitley's suit claims that he was wrongly ousted from the project; the other lawsuit claims that Whitley engaged in "unhinged, destructive, and egotistical acts... to sabotage... "Caked Apes", after Whitley failed to usurp ownership and control of the project entirely for himself". They also allege that Whitley misused DMCA takedowns to have the collection removed from online marketplaces. The lawsuits are liable to be complicated somewhat by the fact that a partnership agreement doesn't appear to have ever been written up.
A Robin Hood-esque attacker steals $52 million from Cashio, then returns smaller amounts and pledges to donate the rest to charity
Saber, the providers of the Cashio liquidity pool, published a postmortem of the attack in which they wrote that "We do not have the money to pay back depositors." The hack was the second largest in Solana history, behind the February Wormhole hack. Saber entreated the hacker to return the funds, writing, "accounts with over $100k are often users' life savings on leverage, and many of us will seriously be affected financially after this incident."
On March 28, the attacker sent a message saying that "the intention was only to take money from those who do not need it, not from those who do", and invited users who had over $100,000 to apply to receive their funds back with "an explanation of the source of this money and why you need it back. more detail is better. money will not be refund to rich american and european that don't need it." Somewhat strangely, Cashio themselves began hosting a website to allow affected users to plead with the hacker to return the money.