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This edition is sponsored ...
- 👩⚖️ Kim K. and other celebs beat investor lawsuit
- 🙄 MetaMasks About Faces On IP Collection…Kind Of
- 🚔 Blockparty CTO Steals $1M, Uses It To Party Hard
AND NOW THE NEWS
Kim K. and other celebs beat investor lawsuit
On Wednesday, a federal court in California ruled against a complaint from investors against the famous reality star Kim Kardashian, the well-known boxer Floyd Mayweather Jr., and other individuals over the involvement of these people in the promotion of a cryptocurrency. The ruling stated that the plaintiffs could not clearly demonstrate that they had seen the advertised material.
The lawsuit, which was filed in January, suggested that the executives of EthereumMax had conspired with the celebrity endorsers to persuade investors to purchase EMax tokens and thus inflate the value of the currency so that the executive could sell their tokens at a high profit.
The judge stated that the claims of deception were dismissed due to the inability of the plaintiffs to prove that they had seen the promotions. Furthermore, the judge also dismissed their claim under the California consumer protection law, which is applicable only to physical goods and services, not anything intangible like digital currency.
Written by: WarBiscuitNFT
This Issue Sponsored by The Future of Crypto Conference
AND BACK TO THE NEWS
MetaMasks About Faces On IP Collection…Kind Of
MetaMask had some blowback from the cryptoverse recently on news coming out about collecting IP addresses, but it looks like they might reversing course, sort of. In a statement, Consensys clarified their position on IP collection and an amendment to their policy:
"We retain and delete user data such as IP address and wallet address pursuant to our data retention policy. We are working on narrowing retention to 7 days and we will append these retention policies to our privacy policy in an upcoming update..[ ]"
Will this ease the privacy-minded portion of users’ minds? Doubtful, because any retention period still means…”we collect information”. The scary part is, how many other entities will follow suit?
Written by: nikethereum.eth / Medium / Mirror
Blockparty CTO Steals $1M, Uses It To Party Hard
Blockparty CTO, Rikesh Thapa, has been officially charged of defrauding the start-up out of $1M, which started from his employment in December 2017 and September 2019. He collected the amount by apparently:
- Falsified reports and misrepresenting Bitcoin transactions, siphoning some into his own pocket
- Selling almost 174,285 of Blockparty’s tokens to interested buyer’s for cash, which some of the money he received was counterfeit, it was determined later on
- Deleting emails and other paper trails
He used this money to party at nightclubs, country tours and shopping sprees. Eventually he was caught and only just recently charged with one count of wire fraud, which carries a possible 20-years of jail sentence.
Sounds like that one guy you know, who thinks he’s smarter than everyone else in the room and he believes everyone’s too stupid to figure it out. Well you were just figured out. Good luck for the next 20 years!
Written by: nikethereum.eth / Medium / Mirror
One Last Thing...
Persistence is key, I guess...
When dead projects add a 2nd collection
— Hawks (@NFTHawks)
Dec 5, 2022
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