Crypto Exchange Uniswap Prevails In High-Profile Rug Pull Lawsuit
A four-year legal battle came to a close this week when a federal judge ruled that Uniswap cannot be held responsible for fraudulent tokens that were bought and sold on its platform. The decision is being seen as a major win — not just for Uniswap, but for decentralized finance as a whole. Related Reading: […]
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A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing terrausd (UST) as a firmly fixed stablecoin tied to the value of the U.S. dollar.
Class-Action Lawsuit Filed Against Binance US Over the Terra UST Collapse — 2,000 Plaintiffs Say They Were Misled by the Exchange
On Monday, the....
XRP price dropped to as low as $0.2138 on Binance as three key factors pushed the cryptocurrency down. XRP price dropped steeply below $0.3 on Dec. 24, hitting as low as $0.2138 on Binance. The selling pressure on XRP has intensified in the aftermath of the high-profile lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple.There are three main factors behind XRP’s sharp price drop, namely the SEC lawsuit, likely delisting by exchanges and worsening market sentiment.XRP/USD daily candle chart (Coinbase). Source: TradingView.comRipple lawsuit is worse....
Uniswap moved to a one-week low on Tuesday, as crypto markets were mostly in the red during today’s session. The latest red wave in crypto markets comes days after several high-profile tokens rose to multi-month highs. Filecoin was one such token, however, it too declined today, falling for a third straight day. Uniswap (UNI) Uniswap (UNI) fell to a one-week low on Tuesday, just over ten days after the token was trading above a three-month high. Following a high of $9.84 last Monday July 28, UNI/USD dropped to an intraday low of $8.37 earlier today. This drop sees UNI extend recent....
Rug pull is a new type of scam which is now a part of a long history of investment schemes that make investors lose a lot, if not all, of their money. Derived from the popular expression “pulling the rug out” happens when investors are enticed or attracted by developers to put resources (usually a […]
On Monday evening November 16, the popular bitcoin evangelist Andreas Antonopoulos tweeted about his upcoming role in the high-profile billion-dollar bitcoin lawsuit, Kleiman v. Wright. Antonopoulos said that he will be “testifying at trial” during the month of April 2021, even though Craig Wright’s defense team tried to exclude him. It seems the ongoing high-profile lawsuit, Kleiman v. Wright will continue into 2021, and maybe even longer depending on the situation with Covid-19. However, new information has been published by the courts that show a lot of deliberation....