BlockFi’s Bankruptcy Case Rewards Lawyers with $21 Million in Fees
The law firms representing BlockFi, a failed crypto lender, have earned a staggering $21 million in fees for their work in the Chapter 11 proceedings, which involved complex and unprecedented legal issues. BlockFi, a cryptocurrency lending platform that offered high-interest loans and deposits, filed for Chapter 11 bankruptcy protection in July 2023 after suffering massive […]
Reddit Users Report Ripple Scam on YouTube
As is a customary tactic for fraudsters, Reddit users have identified a deepfake video purporting to show Ripple CEO Brad Garlinghouse requesting XRP holders to transfer their coins to a specific address with the assurance of receiving double the amount back. A participant of the online forum stated in a Reddit thread that they had […]
Worldcoin Temporarily Halts Iris Scanning in India, Brazil, France
As per a Moneycontrol report, on December 21, Worldcoin disabled its offline Iris Scanning verification function for consumers in three markets, including India, Brazil, and France. Worldcoin devised the Orb, a device that verifies humanness and uniqueness through eyeball scanning, to onboard residents of regions where conventional identification is inaccessible. To encourage offline onboarding, the […]