🦎🚀 Will Shillers Face Their Reckoning? ⚖️

Friday, March 17, 2023

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Consequences

A group of investors who did business with defunct cryptocurrency exchange FTX brought a class action lawsuit against multiple internet influencers Wednesday, alleging the content creators pushed unregistered securities while promoting the collapsed exchange.

The lawsuit seeks over $1 billion in damages and was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency.

In other news, Arbitrum announces token airdrop, Euler Finance hacker mixes stolen funds on Tornado Cash, and DAO organizes pilgrimage to meet Dogecoin Dog.

Read on!

Which countries are most popular with crypto exchanges?

Crypto exchanges serve customers all over the world, but are usually incorporated as legal entities in one country.

As it turns out, 70% of the top 30 crypto exchanges are incorporated in Offshore Financial Centers (OFCs). These 21 exchanges stand to enjoy business-friendly benefits, like flexible regulations and low to zero taxes.

Check where your exchange is: https://gcko.io/yotgxnz

24h Hot Searches Worldwide

AscendEx (+8.6%)
Optimism (+8.0%)
Unidef (+3.6%)
Radiant Capital (+23.2%)
OATH (+11.4%)
Helium (-13.5%)
Chromia (+3.9%)

Real potential or just hype? We explore the top 5 AI-focused crypto projects in today's video.

Tap here to watch!

Finally!

Arbitrum today announced the launch of its native ARB governance token, forming a DAO to steer the technology to the community's ends. The governance token will let holders vote and propose any changes that they would like to execute to Arbitrum.

According to data pulled from L2 Beat, it commands more than 55% of the layer-2 market in terms of total value locked.

Decrypt

Hacker ignores warning

The attacker who drained almost $200 million from Euler Finance has moved some of the stolen funds through mixing protocol Tornado Cash.

According to on-chain data, the attacker sent ten transactions to mixing service Tornado Cash worth 100 Ethereum each from an intermediary address, and still holds 1,500 ETH labeled as "Fake Phishing" at the same address.

Decrypt

All hail the Doge God

Meme-loving revelers will soon travel to Sakura, Japan to meet Kabosu, star of the world-famous Doge meme and inspiration for Dogecoin.

The trip comes courtesy of Own the Doge, a Doge-oriented NFT community backed by Doge DAO, a doge-focused decentralized autonomous organization (DAO), which it itself born from PleasrDAO, a collection of NFT artists and collectors who pool their funds to acquire culturally relevant digital art.

Decrypt

Looking for alternatives to MetaMask? Today we look at 8 other wallets, including SafePal, which offers a comprehensive crypto wallet suite across hardware and software wallet solutions, as well as a browser extension.

Read more at https://gcko.io/arj8vp1

While OpenSea has been the dominant NFT marketplace, it has been losing market share in recent months. Today, we look at 8 NFT marketplaces that are alternatives to OpenSea.

Find out what they are here!

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Here are the top trending coins for this week!