A U.S. magistrate judge has recommended dismissing Danielle Strobel, Logan Paul’s former assistant, from a class action lawsuit over the failed NFT project CryptoZoo, citing insufficient ties to Texas. The lawsuit alleges CryptoZoo was a fraudulent scheme, but the court found Strobel’s involvement too limited. Meanwhile, Paul’s defamation case against YouTuber Coffeezilla, who accused him of running a ‘scam,’ has been allowed to proceed. The judge ruled that Coffeezilla’s statements could be seen as factual claims under Texas law. Both cases remain pending as Paul offers refunds to some CryptoZoo buyers in exchange for waiving legal claims.
about Logan Paul's Assistant Dismissed from CryptoZoo LawsuitCoffeeZilla
0 posts last weekHayden 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 AllegationsMemecoin Founder Defends Insider Trading Amid Controversy and Political Fallout
Hayden Davis, founder of the Libra memecoin, suggested that critics of memecoins are often those excluded from insider deals, arguing that complaints arise from frustration rather than genuine ethical concerns. The Libra token, which briefly soared to a $4 billion market cap after support from Argentine President Javier Milei, faced a significant collapse, with insider wallets reportedly cashing out before the downturn. This situation has sparked political controversy for Milei, as lawmakers call for his impeachment amid broader concerns about the impact of political memecoins on the cryptocurrency industry.
about Memecoin Founder Defends Insider Trading Amid Controversy and Political FalloutTrump Memecoins Drive Surge in Crypto Interest and App Downloads
Donald Trump’s entry into the memecoin market, with the launch of the Official Trump (TRUMP) token and Melania Meme (MELANIA), has driven Google searches for “crypto” to a three-year high. This surge in interest also boosted crypto app downloads, particularly in the finance category of the Apple App Store, and attracted many first-time investors. However, the memecoins have faced significant price declines, leading to warnings about potential risks, including national security concerns and substantial losses for some investors.
about Trump Memecoins Drive Surge in Crypto Interest and App Downloads