- 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.