Now, after the Aragon Association decided without consulting the DAO to dissolve itself and wind down the project's governance tokens (while keeping some of the funds), the DAO has voted to sue the group. The DAO has accused the group of improperly taking investors' money to put it "into their new secretive company". They've allocated $300,000 to legal efforts.
- "A DAO is funding a lawsuit against its own founding team", The Block [archive]
- "Aragon DAO votes to fund legal action against its founders", CoinTelegraph [archive]
- Proposal to sue the Aragon Association
Bittrex used to be a major player in the US cryptocurrency market, with over 20% of US market share in 2018. However, the exchange's dominance had dwindled to below 1% as of 2021.
DOJ reportedly seeking $4 billion resolution to Binance investigation, with possible criminal charges against CEO
The negotiation may involve a deferred prosecution agreement, in which the US would file a criminal complaint but agree not to prosecute so long as Binance met agreed conditions under a monitoring process.
It remains to be seen if this is the avenue the DOJ and Binance will go with. A Bloomberg source speculated that a decision could come within the next few weeks.
Furthermore, the SEC claims that Kraken commingled corporate and customer funds, "at times pa[ying] operational expenses directly from bank accounts that hold customer cash."
Kraken's new CEO, Dave Ripley, posted on Twitter that the company "plan[s] to vigorously defend [their] position" that they do not list securities.
According to Tether, they "voluntarily fr[oze] approximately 225 million in USDT tokens" in connection to the investigation.
Some romance scammers hoping to lure victims into sending them cryptocurrencies are themselves victims of human trafficking operations, where they are held victim and forced to send such messages.
The company launched its marketplace in September 2022, backed by $10 million from the DIGITAL venture fund.
The Blockchain Group is behind a number of different services, including a crypto wallet called Eniblock and an open source software bounty project called Bountysource. Users of the Bountysource project have been complaining about issues receiving payments since as far back as May 2023.
According to researcher zachxbt, who himself was one of the impersonated, the scammers have stolen more than $300,000 in various assets using this technique.
This is not the first time such a technique has been used — a scammer attempted a similar, though less successful, scheme in April 2022. Scams like this take advantage of the poor UX in the crypto world for tracking and revoking wallet permissions that have been granted, requiring people to use third-party websites created for this purpose. Some of them are legitimate, but there are many malicious copies of these revocation sites that prey upon users who may be acting quickly in fear that their assets are at risk.