Either a rugpull or massive communication failure ends in disaster for most holders of SnowdogDAO's token
- "Avalanche’s first memecoin SDOG ends in a $30M possible rugpull", Cryptoslate
- "OlympusDAO Fork Snowdog Hit By 90% Crash", Crypto Briefing
- "SEC Charges Promoter with Conducting Cryptocurrency Investment Scams", U.S. Securities and Exchange Commission
A DAO raised more than $40 million to try to buy a copy of the United States Constitution, failed, and then stumbled chaotically to its end
- "Crypto collective raises $40 million to buy rare copy of U.S. Constitution", Fortune
- "Crypto collective loses bid to buy rare copy of U.S. Constitution", Fortune
- "ConstitutionDAO Is Shutting Down After Unrelenting Chaos", Vice
- "'Buy the Constitution' Aftermath: Everyone Very Mad, Confused, Losing Lots of Money, Fighting, Crying, Etc.", Vice
A group pitches the idea of a "Cryptoland" crypto-themed private island with a video that is nearly indistinguishable from satire
Rapper Tekashi 6ix9ine releases a series of NFTs, only for the project not to deliver anything it promised
A tech startup aims to solve the real problem with the U.S. justice system: the lack of gambling involved
- "Inside the Realms of Ruin", TechCrunch
- "Realms Of Ruin Storytelling NFT Collapses After 5 Hours", GameByte
Successful exploit of the CreatureToadz NFT project briefly nets a poorly-disguised hacker 88 ETH (almost $350,000)
German government's blockchain-based ID wallet removed from app stores shortly after launch due to major issues
- "ID Wallet: The German government had long known about IT security vulnerabilities", Market Research Telecast
- "Konzeptionell kaputt und ein riesiger Rückschritt", Netzpolitik.org
Head of Product for major NFT platform, OpenSea, is asked to resign following allegations of NFT insider trading
GTV Media Group, a media company operated by Steve Bannon and Guo Wengui, pay $539 million settlement over ICO
- "SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets", U.S. Securities and Exchange Commission
- "SEC Charges Issuers and CEO for $18 Million Illegal Securities Offering", U.S. Securities and Exchange Commission
So has El Salvador itself, assuming Bukele is telling the truth about his many claimed Bitcoin purchases. As of December 2022, Nayib Bukele has lost more than $67 million on those investments.
- "The NFT scammers are here", The Verge
A week after the hack, FTX extended a $120 million loan to the platform. In April 2022, FTX formally acquired Liquid for an undisclosed amount.
The US-based Poloniex was acquired in 2018 by Circle, then in late 2019 by an investment group that included Justin Sun. Sun moved Poloniex to the Seychelles and closed U.S. operations upon acquiring the platform.
The respondents agreed to a $12.8 million forfeiture of ill-gotten profits, plus a combined $250,000 penalty. The case marked a first from the SEC in the decentralized finance space.