Coinbase Announces Non-Support for $7.5 Billion AI Altcoin Merger

Coinbase has declared its stance against the proposed merger of Fetch.ai, SingularityNet, and Ocean Protocol under the Superintelligence Alliance (ASI), valued at a combined $7.5 billion.

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U.S. District Judge Katherine Polk Failla denies the motion from Coinbase to dismiss the SEC lawsuit, with the exchange now set to endure a multi-year legal battle like Ripple. 

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An Indian citizen, Chirag Tomar, admitted guilt in a U.S. court for orchestrating a $9.5 million crypto heist by creating a fake Coinbase website. 😱💰 Tomar, 30, was apprehended at Atlanta airport in December 2023, facing charges of wire fraud and money laundering with a potential 20-year sentence. 🛑⛓️ Initially flagged by Seamus Hughes of CourtWatch, Tomar tricked users into giving up their Coinbase login info through a spoofed Coinbase Pro site, defrauding over 542 victims from June 2021 to late 2023. 🕵️‍♂️💻 Court documents revealed Tomar's sloppy trail, including using his real name in emails, maintaining victim spreadsheets, and searching for scam methods. 📝💼 Despite impending sentencing, Tomar flaunted his stolen wealth, indulging in luxury watches, cars, and global travel. 🌎✈️ Stay alert in the digital realm—your security is paramount. 🔒💡 -Professor Mende signing off!
#cybercrime #CryptoHeist #digitalsecurity #coinbase?

NEWS: Coinbase layer-2 network Base has topped 1 million daily active addresses amid a massive surge in the number of new “basenames” registered on the blockchain.#coinbase? $BTC

Does $PEPE need #coinbase? Or it’s #CoinbaseExchange. needs $PEPE