Web3 is Going Just Great

Libra-now-Diem ground to a halt after concerns from regulatory bodies and the general public, with Facebook-now-Meta abandoning the project in January 2022. Now they've announced they'll be shutting down Calibra-now-Novi, too, and have advised users to withdraw their balance "as soon as possible". Users won't be able to add money to their accounts beginning on July 21.

Polygon's chief information security officer Mudit Gupta told CoinDesk that day that "no funds [were] lost as far as we know but we are still investigating", and that dApps using the Ankr RPC endpoint were non-functional. Ankr later announced that the RPC systems had been fully restored, and that the breach had come from a "third-party vendor" that enabled attackers to change Ankr's domain hosts.

At that price, Coca-Cola will only be earning about $21,500 (minus any expenses) if the project mints out, plus any resale fees. A many-billion-dollar company like Coca-Cola might consider just donating the 20 grand themselves.

The scheme ultimately drew in about $12 million from investors, beginning in late 2017. Saffron was charged with one count of conspiracy to commit wire fraud, four counts of wire fraud, one count of conspiracy to commit commodities fraud, and one count of obstruction of justice. If convicted of all charges, he faces up to 115 years in prison.

Previously, in April 2021, the a court ordered Circle Society and Saffron to pay $32 million in relation to the scheme after a default judgment in a lawsuit from the CFTC, who described the whole thing as a Ponzi scheme.

All three are facing charges of conspiracy to commit wire fraud and conspiracy to commit securities fraud, and Pires and Goncalves have also been charged with conspiracy to commit international money laundering. If convicted on all counts, Pires and Goncalves face up to 45 years in prison and Nicholas faces up to 25 years in prison.