Crypto exchange OX.FUN faces extortion allegations after messages surfaced suggesting it offered to return $1 million in frozen user funds in exchange for positive social media promotion. The exchange claims the artist collective JefeDAO engaged in market manipulation, while concerns about OX.FUN’s financial health grow, with reports indicating it holds less than $1.7 million in liquid assets. The situation is further complicated by connections to Su Zhu, co-founder of the defunct Three Arrows Capital, who was recently arrested in Singapore.
about OX FUN Faces Extortion Allegations Amid Liquidity and Market Manipulation ConcernsStool Prisondente
0 posts last weekDave Portnoy’s Memecoins Collapse Amid Controversy and Criticism
Dave Portnoy’s launch of the GREED memecoin on the Solana blockchain saw him acquire 35% of the total supply, but after cashing out with a profit of nearly $258,000, the token’s value plummeted over 90%. He subsequently introduced GREED2, which also collapsed in value, and has been linked to the Libra memecoin, where he reportedly lost millions. Portnoy continues to promote JAILSTOOL, asserting he won’t sell until it reaches a $1 billion market cap.
about Dave Portnoy's Memecoins Collapse Amid Controversy and CriticismDave Portnoy’s Controversial Moves in the Meme Coin Market
Dave Portnoy, founder of Barstool Sports, launched the meme coin GREED, which quickly surged to a $41.5 million market cap before he sold off his holdings, leading to a dramatic 99% drop in value. Amidst a wave of questionable crypto launches dubbed “crime season,” he also introduced GREED2, which plummeted 90% shortly after its debut. Portnoy’s actions have sparked allegations of rug pulls and insider trading within the meme coin space.
about Dave Portnoy's Controversial Moves in the Meme Coin MarketDave Portnoy Profits from Solana Meme Coin Before Its Collapse
Dave Portnoy profited $258,000 from the Solana meme coin GREED, purchasing 35% of its total supply before a significant sell-off caused its value to plummet over 90%. Following this, he launched GREED2, warning investors of its volatility, while facing accusations of a pump-and-dump scheme. Despite the backlash, Portnoy remains active in the meme coin space, previously linked to the controversial Libra coin.
about Dave Portnoy Profits from Solana Meme Coin Before Its CollapseDave Portnoy Launches $GREED2 After $GREED Token Price Crash
Dave Portnoy’s rapid sale of $GREED tokens led to a staggering 99% price drop, netting him approximately $258,000. Following the controversy, he launched $GREED2, holding around 27% of its total supply, while also promoting another meme coin, $JAILSTOOL. Portnoy’s actions have sparked criticism, highlighting the greed prevalent in the meme coin ecosystem.
about Dave Portnoy Launches $GREED2 After $GREED Token Price Crash