Class Action Seeks $1B From Influencers Who Endorsed FTX [ Crypto Espresso 3.17.23 ]

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• Class Action Seeks $1B From Influencers Who Endorsed FTX

Claiming FTX Earn yield accounts are securities, the lawsuit said the bankrupt firm paid a fortune to some top YouTubers, who "played a major role in the FTX disaster."

• Sam Bankman-Fried and Top Execs Drained $3.2B from FTX

Bankman-Fried took $2.2 billion in payments and loans, mostly from Alameda Research, which was pulling funds from exchange customers; Caroline Ellison only got $6 million.

• FBI Internet Crime Report Shows Crypto Investment Scams Skyrocketing

Not only were crypto investments scam reports up 150% in 2022, they accounted for three quarters of all investment scams reported.

• LinksDAO Wins Bid to Buy Scottish Golf Course

The decentralized autonomous organization’s NFT memberships provide voting rights but not ownership of the group’s first golf course, which requires a corporate structure.

• As Credit Suisse and First Republic Get Lifelines, Group Sees Plan to Boot Crypto Out of Banking

The extraordinary steps taken to save a pair of large European and American banks contrast sharply with what the Blockchain Association called a "disturbing trend" of de-banking.’s-buyer-must-agree-to-give-up-crypto-business:-reuters

• Feds Are ‘Weaponizing’ Bank Crisis to Kill Crypto: Rep. Tom Emmer

The Republican Congressman and crypto supporter’s comments come as former bank regulator and Coinbase exec Brian Brooks said regulators are trying to "choke off" crypto.‘weaponizing’-bank-crisis-to-kill-crypto:-rep.-tom-emmer

• U.S. and Germany Shut Down ChipMixer and Seize over 1,900 BTC

The latest closure of a crypto mixing service follows on the sanctioning of the privacy-focused Tornado Cash mixer and arrest of one of its lead developers.

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