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Bankless hosts David Hoffman and Ryan Sean Adams faced backlash after selling AICC tokens from their allocation on launch day, netting around $10,000. They defended their actions, claiming the sales were part of Bankless Ventures' allocation, not personal investments, and highlighted plans to buy back tokens at lower prices. Concerns about the project's token structure and allocation process were raised, with co-founder Ejaaz Ahamadeen acknowledging the missteps and pledging to donate part of his allocation to the community.
Decentralized finance (DeFi) exploits fell 40% in 2024, with losses totaling $474 million, attributed to improved security measures. In contrast, centralized finance (CeFi) platforms saw losses soar to $694 million, more than double the previous year, highlighting ongoing vulnerabilities. Phishing scams and memecoin-related frauds also contributed significantly to the overall $2.91 billion in security failures across the crypto sector.
Several figures in the crypto industry have landed on Santa's "Naughty List" for 2024 due to alleged scams and misconduct. Pastor Eli Regalado is accused of defrauding church members of $3.2 million through a bogus crypto token, while brothers Jonathan and Tanner Adam face SEC charges for a $60 million Ponzi scheme. Additionally, crypto influencer Sahil Arora is under scrutiny for exploiting celebrity connections to profit from meme coins, and viral star Hailey Welch's HAWK token launch has been criticized for insider trading signs. The SEC has ramped up enforcement actions, reflecting a growing crackdown on fraudulent activities in the digital asset space.
Michael Saylor, founder of MicroStrategy, has proposed a Digital Assets Framework for the U.S. that includes a strategic Bitcoin reserve potentially generating $81 trillion for the Treasury. The framework aims to enhance the U.S. dollar's position, reduce national debt, and streamline digital asset regulation while promoting innovation and efficiency. Critics, like Peter Schiff, argue that the proposal could weaken the dollar and worsen national debt.
Hailey Welch, the influencer behind the viral 'Hawk Tuah' TikTok video, is cooperating with lawyers after allegations of a rug pull involving the HAWK memecoin, which saw a rapid rise to $500 million before plummeting 90%. Although not named in a lawsuit against the project's creators, Welch urged affected investors to seek legal counsel, emphasizing her serious approach to the situation. The SEC's stance on tokens as securities may impact potential legal outcomes as regulatory changes loom.
Hailey Welch, known as the "Hawk Tuah Girl," faces a lawsuit after her Hawk Tuah memecoin crashed 95%, leading to significant investor losses. The lawsuit alleges fraudulent practices, including a "rug pull," and claims that Welch's promotion misled many new investors. Accusations of insider trading have also emerged, with concerns over the project's management and tokenomics.
Haliey Welch, known as the "Hawk Tuah" girl, faces a federal lawsuit after her meme coin, HAWK, plummeted 93% shortly after launch, leading to allegations of rug-pulling and insider collusion. The lawsuit, filed by Burwick Law, claims investors suffered over $151,000 in damages, naming several defendants including Welch and Doc Hollywood. Amid the fallout, Welch has remained silent on social media, while her partners blame each other for the project's failures.
Hailey Welch, known as the "Hawk Tuah" girl, has been silent for 13 days following the disastrous launch of her HAWK meme coin, which plummeted over 93% shortly after its debut. Allegations of a rug pull have emerged, with her launch partners, OverHere, now claiming they were misled by a mysterious figure involved in the project. Despite their attempts to clarify the situation, Welch has yet to respond or provide any updates to her concerned followers.
Hailey Welch
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