Roaring Kitty fraud suit dropped, Ethereum Foundation hacked, and more: Hodler’s Digest, June 30 – July 6
Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer.
A lawsuit against GameStop trader Roaring Kitty, aka Keith Gill, was voluntarily dropped after three days. The lawsuit, brought by Martin Radev, accused the meme trader of securities fraud for his alleged role in manipulating the price of GameStops stock. However, Radevs lawsuit was dropped without prejudice, meaning he can file the lawsuit against Gill again in the future.
Bitcoins recent drop below the $60K mark is prompting many investors to buy the dip, as talk of taking advantage of the price swing has risen sharply on social media over the last several days. According to research firm Santiment, the frequency with which the term has been mentioned on the internet has doubled during Bitcoins downward price movement.
On July 2, the Ethereum Foundation revealed that its email server was hacked in late June. The malicious actor sent out 35,794 emails to subscribers claiming that the Ethereum Foundation and the Lido decentralized autonomous organization were promoting a 6.8% yield on ETH, stETH and wETH. Following the malicious links all the way to the end would have drained funds from users. Thankfully, the Ethereum Foundation was able to plug the security vulnerability that led to the email breach and informed other organizations of the malicious activity. According to the foundation, no funds were lost as a result of the exploit. However, the emails of 81 individuals may have been exposed during the security breach.
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Author: Editorial Staff
