A settlement. Secret terms. Shaq. FTX. It all adds up to one thing: a massive hit to the already fragile trust in the crypto space. Shaquille O’Neal has settled with the class of FTX investors, but the amount is yet to be disclosed. At its core, this act of secrecy...
Shaquille O’Neal has been named in a class action settlement with investors who lost billions when the cryptocurrency exchange FTX fell apart. The settlement resolves claims under the False Claims Act against O’Neal. He was accused of having promoted FTX and the Astrals NFT project, which purportedly cost investors their...
The shockwaves from FTX’s implosion were felt across the entire world of cryptocurrency. Investors were understandably left reeling, and a rush of class action suits soon ensued. Among those hit by the crosshairs was Shaquille O’Neal, the basketball legend and celebrity pitchman. Last Friday came the news that O’Neal went...
And we must remember that the gaming and crypto world is ever-changing. It provides new creative mechanisms for gamers to interact with their digital worlds and earn rewards. Dig It, a new Web3 game, is leading the charge with “Play for Gold” (P4G) enabling players to earn Nuggets tokens redeemable...
Omar Zaki. The name may evoke all kinds of different visions, depending on when you came to the world of crypto. Boy wonder? Visionary? Or perhaps now, a cautionary tale? Whatever your initial reaction, Zaki's story, with American CryptoFed DAO, demands we take a long, hard look at ourselves as...
Omar Zaki, a former MIT student, shot to prominence on the cryptocurrency scene. He seemed like a young innovator with an ambitious vision. Zaki, just shy of his twenties, was on to something big. Fueled by that ambition and that momentum, he became one of the leading lights in this...
Omar Zaki. Remember the name. He’s much more than just another cautionary crypto tale—he’s a flashing neon sign warning of deeper crypto fissures. Yet, his story—with the SEC now looking closely at American CryptoFed DAO—is not the cautionary tale of one young man’s mistakes. It’s not about pointing fingers, it’s...
The whole cryptocurrency space is like the new gold rush. It offers unimaginable wealth to those courageous enough to plunge beneath the waves. But beneath this sea of potential profit lies a deep well of risk that is important to understand. Omar Zaki’s tragic story should underscore the importance of...
The GMX community recently faced a significant decision: how to reimburse liquidity providers (LPs) after a protocol incident. The vote, centered around a $42 million reimbursement, pitted two options against each other: GLV tokens and stablecoins. With so much at stake, Emily Tran sat down to weigh the advantages and...
Just the other day I interviewed Sarah, a single mom. She poured her life savings into GMX, wanting to develop a safety net for her two children. The exploit hit her hard. She ultimately lost the bulk of her investment, cash she severely needed. It's easy to get lost in...
The GMX community is about to wrap up a very important vote July 28 on whether to approve a $42 million reimbursement plan. This plan addresses losses incurred by users and presents two distinct pathways for compensation: GLV tokens or stablecoins. The proposal includes a $2 million donation to the...