ALSO: Binance execs sue Nigerian officials, Solana community mulls censoring racist meme coins and more |
The biggest crypto news and ideas of the day |
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Faketoshi's Assets Frozen |
U.K. Judge James Mellor ordered Craig Wright’s assets to be frozen to prevent him from moving them offshore and evading costs incurred from losing his legal battle with the Crypto Open Patent Alliance (COPA), including about $7.6 million worth of assets held across the world. "Dr Wright has a history of default in relation to orders for the payment of money," Mellor wrote, after seeing evidence the Satoshi Nakamoto pretender may have been trying to protect assets under a Singaporean company. In a March 14 filing, Mellor decided with COPA’s argument that Wright had lied about creating Bitcoin. |
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Consensus is the biggest and most established hub for everything crypto, blockchain and Web3. Join us at the 10th annual Consensus May 29-31 in Austin, Texas for dialogue, discovery and dealmaking alongside developers, investors, startups, executives and more. Save 15% with code NODE15. Grab your pass. |
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Tornado Cash developer Roman Storm's legal team filed a motion in a New York court Friday to dismiss allegations he conspired to commit money laundering and violate sanctions. Building the open crypto mixer Tornado Cash is not the same as laundering money, an argument that is “fatally flawed,” the motion read. Storm and fellow coder Roman Semenov were indicted last summer, after the U.S. Treasury sanctioned Tornado Cash for facilitating over $1 billion in money laundering by entities including North Korea. Alexey Pertsev, arrested in August 2022, stood trial this past week on similar charges in the Netherlands. |
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The Solana Foundation is mulling whether to censor racist tokens that have been cropping up during the network’s meme coin rush. During a panel discussion at the BUIDL Asia summit in Seoul, panelists including Solana Foundation's head of strategy Austin Federa thought through whether decentralized exchanges, wallets or nodes, if anything, should filter banned words, and whether there was a legal obligation to filter content. |
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Influencer Achieves Significant Growth Through Inscriptions on Phemex The team behind Phemex has recently rolled out its new social trading feature, PhemexPulse, and it swiftly grabbed the crypto space’s attention. Intrinsically linked to the Web3 ecosystem, PhemexPulse offers a lucrative daily earning scheme that turns your routine social interactions into crypto rewards. However, the appeal of PhemexPulse extends beyond its rewards scheme, giving back to users for their engagement. Continue reading here. |
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The Only Way Out Is Through |
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