Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki
Omar Zaki was convicted of fraud by the SEC three years prior and is allegedly behind two other crypto projects which suffered devastating hacks. Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance.From last November to this February, Composable Finance raised over $167 million through seed funding, as well as crowdloan auctions on the Polkadot (DOT) and Kusama (KSM) parachains. Over 9,000 participants contributed....
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In its continuous bid to further drive innovation in the DeFi ecosystem, Composable is thrilled to announce and support the launch of Instrumental Finance’s Liquidity Bootstrapping Pool (LBP). An LBP is a token distribution method that allows for fair and equal participation opportunities. Instrumental with the support of Composable is launching an LBP on November […]
The Polkadot parachain auctions are continuously creating waves in the blockchain and DeFi space as promising projects are participating and seeking support to enable their vision for the future of the Dotsama ecosystem. Composable Finance has officially launched their crowdloan for the auctions in the second batch, opening the door for the DeFi ecosystem to support their efforts in securing a Polkadot parachain. It is important to note that Composable Finance has previously procured a Kusama Parachain and is taking a similar approach in their campaign for the DOT parachain. ....
Composable Finance, a decentralized finance (DeFi) infrastructure project aiming to improve financial applications on the blockchain, has announced its acceptance of stablecoins into its crowdloan. This is a major development in the space, as it marks the first time that users can contribute stablecoins into a crowdloan for a parachain, instead of having to purchase […]
In its continuous bid to further drive innovation in the DeFi ecosystem, Composable is thrilled to announce and support the launch of Instrumental Finance’s Liquidity Bootstrapping Pool (LBP). An LBP is a token distribution method that allows for fair and equal participation opportunities. Instrumental with the support of Composable is launching an LBP on November 29th, 2021 to introduce their native token to the DeFi world. The LBP will take place on Copperlaunch and allows Instrumental to create a meaningful liquidity and distribution launch of their native STRM token in a....
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in Nigeria has convicted a man accused of using a bogus cryptocurrency platform to defraud $680 from an unsuspecting investor, a report has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) said the man,....