US District Judge Jennifer L. Rochon has unfrozen $57.6 million in USDC stablecoins that were previously frozen in May as part of a class-action lawsuit related to the Libra token scandal. The funds belong to memecoin promoter Hayden Davis and former Meteora decentralized exchange CEO Ben Chow. Judge Rochon determined that the defendants demonstrated sufficient cooperation and noted that victim reimbursement funds remain available. The ruling also highlighted that the defendants had made no attempts to move the frozen assets, reducing concerns about irreparable harm. This development marks a significant turn in the ongoing legal proceedings involving KIP Protocol and its co-founder Julian Peh.
about Judge Unfreezes $57.6M USDC in Libra Token ScandalKIP Protocol
0 in Finance and 0 in Crypto last weekSuperior Agents Challenge Big Tech’s AI Monopoly
Superior agents are emerging as a disruptive force against Big Tech’s monopoly on AI, offering a decentralized alternative that could democratize access to advanced intelligence. According to Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI, this shift marks the end of a ‘puppet show’ controlled by tech giants. A Brookings Institution study highlights the profound impact of generative AI, predicting disruption to at least 50% of tasks for 30% of workers and 10% of tasks for 85% of the workforce, signaling broad and deep changes ahead.
about Superior Agents Challenge Big Tech's AI MonopolyArgentina President Milei Faces Fraud Charges Over LIBRA Cryptocurrency Promotion
Argentine President Javier Milei faces fraud charges linked to his promotion of the LIBRA cryptocurrency, which briefly surged to a $4 billion market cap before crashing. The allegations, filed by political opponents, claim Milei’s actions were crucial in an illicit scheme, while he maintains he has “nothing to hide.” The controversy has also impacted Argentina’s stock market, which saw a significant decline following the news.
about Argentina President Milei Faces Fraud Charges Over LIBRA Cryptocurrency PromotionLIBRA Coin Developers Linked to MELANIA and Alleged Pump and Dump Schemes
Developers behind the LIBRA coin are facing scrutiny for connections to the MELANIA token and other projects linked to alleged pump-and-dump schemes. Following a brief endorsement from Argentine President Javier Milei, LIBRA’s market cap soared before plummeting 95% after insiders withdrew $87 million in liquidity. Investigations reveal coordinated efforts among various tokens, raising concerns about the legitimacy of these launches and insider dealings.
about LIBRA Coin Developers Linked to MELANIA and Alleged Pump and Dump SchemesHayden Davis Addresses LIBRA Token Crash Denies Rug Pull Allegations
Hayden Davis, custodian of $100 million from the LIBRA project, refuted rug pull allegations, attributing the token’s crash to a failed strategy rather than fraud. He acknowledged the team’s market manipulation tactics during launch and noted that political pressure led to the withdrawal of support from President Milei, who faces fraud charges related to LIBRA. The token plummeted over 90% in value shortly after launch, prompting investigations into insider trading and manipulation linked to a network of influential figures.
about Hayden Davis Addresses LIBRA Token Crash Denies Rug Pull AllegationsFraud Charges Against Argentine President Linked to LIBRA and MELANIA Tokens
Argentine President Javier Milei faces fraud charges linked to the LIBRA cryptocurrency, which saw a rapid rise and subsequent crash, resulting in significant losses for investors. Investigations reveal connections between LIBRA and the MELANIA token, suggesting a coordinated scheme behind both launches. Amidst the turmoil, a representative of the LIBRA project admitted to orchestrating the launches and acknowledged controversial practices like “project sniping” to protect against aggressive traders.
about Fraud Charges Against Argentine President Linked to LIBRA and MELANIA TokensArgentina President Investigates LIBRA Coin Amid Crypto Crisis
Argentina’s President Javier Milei has initiated an investigation into the LIBRA cryptocurrency after its price plummeted over 90% following his social media promotion. The sudden collapse has raised suspicions of a potential pump-and-dump scheme, leading to calls for greater regulation in the largely unregulated crypto market. As the investigation unfolds, investor confidence in Argentina’s cryptocurrency landscape remains shaken.
about Argentina President Investigates LIBRA Coin Amid Crypto CrisisArgentine President Javier Milei Faces Fraud Charges Over Cryptocurrency Promotion
Argentine lawyers have filed fraud charges against President Javier Milei for promoting the cryptocurrency Libra, which saw a market cap surge to $4.56 billion before plummeting over 94%. Accusations include fraud and violations of the Public Ethics Law, with a class-action suit being prepared for affected investors. Milei has requested an investigation into potential misconduct among government members, claiming he was unaware of the project’s details when he endorsed it.
about Argentine President Javier Milei Faces Fraud Charges Over Cryptocurrency PromotionDave Portnoy Returns Libra Tokens Amid Controversy Over Project’s Collapse
Dave Portnoy returned 6 million Libra tokens to founder Hayden Davis after being told not to disclose the compensation for promoting the project. He kept the tokens he purchased, which lost over 95% of their value, and speculated that Argentine President Javier Milei’s unexpected withdrawal of support contributed to the project’s collapse. Milei now faces potential impeachment due to his involvement in the promotion of the failed token, which resulted in a significant loss of liquidity.
about Dave Portnoy Returns Libra Tokens Amid Controversy Over Project's CollapseTop Trending Cryptocurrencies Solana Bitcoin KIP Protocol and More
Solana, Bitcoin, and KIP Protocol are among the top trending cryptocurrencies, with Solana trading at $194.66, down 1.87%, following the volatile LIBRA meme coin promotion. Bitcoin saw a reversal in ETF inflows, totaling $70.6 million, while KIP Protocol faced scrutiny over its involvement with LIBRA, trading at $0.006699, down 22.79%. Meanwhile, Polkadot is gaining traction on Kaito’s Yapper Leaderboard, trading at $4.97, as interest grows in other assets like MANTRA and Quai Network.
about Top Trending Cryptocurrencies Solana Bitcoin KIP Protocol and MoreScam Account Impersonates Bermuda Premier to Promote Fraudulent Token
A scammer impersonating Bermuda’s Premier David Burt created a fake profile on X to promote a fraudulent token, “Bermuda National Coin.” Despite Burt’s warnings and efforts to alert the platform, the account remains active, highlighting ongoing issues with verification controls.In a related incident, Argentine President Javier Milei distanced himself from the Libra token project after it plummeted over 95% shortly after launch, amid accusations of a $107 million rug pull. Milei stated he was unaware of the project’s details before retracting his support.
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