Trump-Backed Crypto Token Falls Short: $WLFI Sells Only 2% of Initial Target
A cryptocurrency project endorsed by former President Trump has achieved just 2% of its original 63 billion token sales goal amid multiple target revisions and centralization concerns. The project's structure, which grants Trump-affiliated entities majority control and revenue share, has raised questions about its alignment with crypto's decentralization principles.
Federal Court Ruling Classifies Lido DAO as General Partnership, Setting Major Legal Precedent
A California federal court has ruled that Lido DAO qualifies as a general partnership, potentially exposing members to legal liability. This landmark decision challenges traditional views of decentralized organizations and could force DAOs to reconsider their operational structures.
Crypto Heist Mastermind Behind $4.5B Bitfinex Hack Sentenced to 5 Years
Ilya Lichtenstein receives a 5-year prison sentence for orchestrating the 2016 Bitfinex cryptocurrency exchange hack that stole nearly 120,000 Bitcoin. Law enforcement recovered $3.6 billion of stolen funds through unprecedented cooperation, marking a major breakthrough in crypto-crime investigations.
FTX Sues Binance: A $1.76 Billion Battle in the Crypto World
FTX, the bankrupt cryptocurrency exchange, has filed a lawsuit against Binance to recover $1.76 billion in allegedly fraudulent fund transfers. The legal action unveils a complex web of transactions and accusations, promising far-reaching implications for the digital asset industry.