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Pump.fun’s memecoin freak show may result in criminal charges: Expert

Pump.fun has halted its broadcast feature after significant backlash, while a legal expert warns the extreme content can open up criminal investigations and civil lawsuits.

Launchpad Pump.fun’s livestream feature has seemingly turned into a platform for developers to broadcast extreme shock content to promote their tokens — and it may result in civil or criminal lawsuits according to legal experts.

From suicide threats and animal abuse to pornography, developers pushing boundaries have faced little to no consequences beyond having their content removed.

Meanwhile, industry participants urged Pump.fun to pull the plug on its livestreams, which it did earlier today until such time as it can properly moderate content.

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report

Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report

The former chief technology officer of disgraced crypto exchange FTX is dodging prison time by cooperating with the US government. According to a report from Reuters, Wang – a computer programmer who unwittingly wrote the code that allowed former FTX CEO Sam Bankman-Fried to steal billions of dollars from customers – is being spared prison […]

The post Former FTX Executive Gary Wang Avoids Prison Time After Building Crypto Surveillance Tools for Government: Report appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

Infamous Crypto Hacker Behind Nearly ,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – […]

The post Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan

Prosecutors Ease Off: Crypto Crimes Lose Spotlight in ManhattanThe U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Crypto Firm CEO Kidnapped in Toronto, Held for Ransom and Then Freed After $1,000,000 Payment: Report

Crypto Firm CEO Kidnapped in Toronto, Held for Ransom and Then Freed After ,000,000 Payment: Report

The chief executive of a crypto firm was reportedly kidnapped in Toronto and only freed after a $1 million ransom was paid. According to a new report by the Canadian Broadcasting Corporation (CBC), Dean Skurka, the CEO of crypto financial services firm WonderFi was kidnapped in downtown Toronto earlier this week and only released after […]

The post Crypto Firm CEO Kidnapped in Toronto, Held for Ransom and Then Freed After $1,000,000 Payment: Report appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco

Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco

Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after serving as the prosecution’s star witness. […]

The post Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

U.S. Justice Department Indicts Russian National Over Alleged Crypto Market Manipulation and Fraud

U.S. Justice Department Indicts Russian National Over Alleged Crypto Market Manipulation and Fraud

The U.S. Department of Justice (DOJ) is charging the founder and CEO of crypto firm Gotbit with wire fraud and conspiracy to commit market manipulation and wire fraud. In a new press release, the U.S. Attorney’s Office of the District of Massachusetts is alleging that 26-year-old Russian national Aleksei Andriunin and two Gotbit directors offered […]

The post U.S. Justice Department Indicts Russian National Over Alleged Crypto Market Manipulation and Fraud appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Man Vanishes With Woman’s Crypto, Prompting Police Investigation in Hong Kong

Man Vanishes With Woman’s Crypto, Prompting Police Investigation in Hong KongA Hong Kong woman lost $12K in a crypto exchange scam after waiting hours for a promised cash handoff that never arrived. Hong Kong Woman Scammed in Crypto Exchange Scheme Hong Kong authorities are investigating a cryptocurrency scam reported by a woman at an exchange shop in Mong Kok on Saturday, where she claimed to […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report

Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report

Binance executive Tigran Gambaryan will reportedly remain imprisoned in Nigeria after a judge denied his request to post bail. According to a new report by Bloomberg, Gambaryan, a former agent of the US Internal Revenue Service (IRS) and Binance’s current crypto compliance officer, had his request for bail rejected by a justice of Nigeria’s Federal […]

The post Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Polymarket users complain of mysterious Google login wallet attacks

The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.

Some users of the Polymarket prediction market app are complaining that their wallets were mysteriously drained after they logged in via their Google accounts.

After making deposits, users found that their wallets were wiped out, leaving a balance of zero. The attacks have not occurred against users that relied on wallet browser extensions such as MetaMask or Trustwallet.

Cointelegraph spoke to two victims of the attacks. The first victim identified himself by the Discord username, “HHeego,” and claimed to be the owner of a Polymarket account whose address ends in C3d4. 

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes