- Gryphon Digital, a crypto mining company, is attempting to dismiss a lawsuit filed by former partner Sphere 3D.

- Sphere #3D had accused Gryphon CEO Rob Chang of transferring 26 BTC (valued at about $500,000) to a scammer's address in a #fraudulent attack.

- The lawsuit claims #Gryphon failed to prioritize the partnership's best interests.

- Sphere 3D is seeking more than $75,000 in compensation for the incident, filed in April.

- Gryphon aims to have the lawsuit dismissed, contesting the allegations.

- After a #proposal to decrease Maker's #DSR (Dai Savings Rate) from 8% to 5%, notable investors like Justin Sun withdrew from the DSR pool.

- Sun redeemed 206 million DAI from the pool, repaid the DAI, and redeemed 235,556 wstETH collateral.

- Over a 9-day period, Sun profited 257,000 DAI from his DSR investment, subsequently purchasing 154 ETH with the profits.

$FDUSD

Users urged to avoid interacting with #fraudulent website

According to #official #news from CertiK, users are being advised to remain vigilant against false USDC airdrop propaganda circulating on social media. It is recommended not to interact with the #website hxxps://usdc.circle-live, as this site connects to a known automatic currency theft address.

1. #CertiK Skynet warns against fake Rocket Pool #phishing site: CertiK Skynet issued an alert about a #fraudulent website (hxxps://dao-rocketpool.net/) pretending to be Rocket Pool and linked to known scammers.

2. Caution urged to protect assets and personal information: Users are strongly advised not to interact with the fake site to safeguard their digital #assets and avoid potential financial loss and identity theft.

3. Prevention measures to counter phishing attacks: CertiK Skynet reminds users to be vigilant by verifying website addresses, avoiding suspicious links, and ensuring they only engage with legitimate #platforms to minimize the risk of falling prey to phishing tactics.

The Most Famous Dead Coins
Forex Fraud Analyst Team

In cryptocurrency vernacular, a Dead Coin is any coin program that has ceased to exist. According to one website’s recently updated list, there are 1,719 dead coins in the crypto realm. These programs have garnered this status for a variety of reasons, such as no longer being sold or traded, no longer proceeding with development efforts, being shut down due to hacking compromises or scams, absentee management with poor plans, and several other actions that could lead to bankruptcy.

1-BitConnect (BCC)
2-Gem Coin (GEM)
3-PayCoin (XPY)
4-Decentralized Autonomous Organization (DAO)

The first step to avoiding many of the pitfalls of investing in crypto programs, especially potential zombie tokens and dead coin programs, is to partner with a safe crypto broker.

Cryptocurrencies have taken the investment world and the public by storm since their humble beginnings some 13 years ago, but the industry has also had a very bumpy road due to fraud, scams, shady business practices, and outright mismanagement.

https://www.forexfraud.com/avoid-forex-fraud/most-famous-dead-coins/ #bankruptcy
#fraudulent #scheme #Deadcoins #Brokerage

#Uniswap founder Hayden Adams is pleased with the dismissal of a class action lawsuit that accused the platform of #token sales fraud. The dismissal was based on the judge's ruling that the software cannot be held accountable for user losses or third-party damages. Adams views the judge's comments as well-reasoned and considers this #legal outcome significant for Uniswap, relieving it of #potential liability for #fraudulent tokens on its platform.

$UNI