On March 10, a community proposal was submitted, proposing to take away the majority of the whale's tokens (worth around $121 million), and leave them with the 50,000 $JUNO (a little below $2 million) that was originally intended to be the maximum per person. The vote passed, in a major blow to an ecosystem where "your keys, your coins" is taken as gospel — that is, if you control the keys to a wallet, your assets supposedly can't be taken from you.
After someone games the system to acquire a disproportionate amount of airdropped tokens valued at $123 million, Juno community begins a vote to take them away
Bored Apes team asks people to verify their identities for their next project, shortly after making a stink about their own identities being revealed
There was some irony in BAYC requiring their buyers to reveal their identities only a month after some of the BAYC founders' identities were revealed by a journalist (who made the connection based on publicly-available information), which made the BAYC team and many of their supporters absolutely irate.
Entrepreneurs resuscitate 20-year-old piracy powerhouse LimeWire to turn it into a totally legitimate NFT marketplace, they promise
NFT project created and endorsed by various English footballers plunges in value, players try to quietly delete endorsements
The plummeting price is not the only problem the project has faced; shortly after Terry announced the project in January, he was threatened with legal action by the Premier League, and had to remove depictions of Premier League, UEFA and FA trophies, as well as the Chelsea logo, from the NFT illustrations.
Reddit users from the UK, Germany, France, and Switzerland reported receiving the email, and those countries now all appear on the 40-entry-long list of countries not permitted to use Crypto.com's lending services. One Reddit user wrote, "I have 7 days to pay a big loan, like big. If it gave us a month I could unstake and pay, but no, they give us 7 [days], I will get liquified and can't do anything for it." Other users were confused to receive the email when they didn't have any loans on the platform, as it was worded in a way that they interpreted to mean they did.
- "Crypto.com Tells Loan Customers in 'Excluded' Countries to Repay by March 15", CoinDesk
- Tweet thread by Bitfinexed
- "Just a week after the ‘Earn’ debacle, Crypto.com fucks up again by announcing that anyone with a Crypto Loan needs to repay it within 7 days – or be forcibly liquidated via funds in their Spot Wallet. What planet are these idiots living on?" from r/Crypto_com
Ormeus Coin founder charged with securities fraud for misrepresenting cryptomining operations and other assets
- "John Barksdale Charged With Cryptocurrency Securities Fraud In Connection With Sale Of Ormeus Coin", U.S. Attorney’s Office, Southern District of New York
- SEC v. Barksdale