Happy New Year to everyone except George Santos, and welcome to Clutch’s weekly Pocket News. In Crypto news, the Winklevoss twins are being sued for taking something that wasn’t theirs (how the tables have turned), SBF pleads not guilty, and Logan Paul’s NFT Project is allegedly a scam. In Community Updates, BFF makes predictions about Web3 in Workplaces in 2023, and there’s an upcoming virtual Women in Web3 event coming up. Let’s get it.
Slow week! Check out @cryptobec_’s whiteboard of the entire crypto/Web3 industry in 2022.
Crypto exchange Gemini founders Cameron and Tyler Winklevoss are accused of committing fraud through their interest-earning program Gemini Earn. Gemini was one of many companies ensnared in the FTX contagion and had to suspend withdrawals due to the lack of illiquid assets. Meanwhile, Cameron Winklevoss sent an open letter to Digital Currency Group (DCG) CEO Barry Silbert accusing him of “bad faith” and telling him to pay back the $900 million DCG borrowed from Gemini Earn.
The Securities Commission of the Bahamas is holding $3.5 Billion of FTX’s assets to later deliver to customers and creditors affected by the FTX collapse. The assets were transferred to the digital wallet of the Commission soon after FTX and Alameda filed for bankruptcy in November. Some have mixed feelings about this as the logistics of everyone that is owed money may be tough to sort out.
Youtuber Logan Paul’s CryptoZoo project launched August 2021, but has recently been called a scam by Crypto YouTuber Coffeezilla in a three-part video series. Coffeezilla claimed that CryptoZoo doesn’t function despite the millions of dollars invested into the NFT Play-to-Earn game. Logan Paul responded to Coffezilla’s videos with a video confirming that the team members he hired, some of which were interviewed in Coffezilla’s video, were in fact, either criminals or untrustworthy. He finished the video by stating, “I’ll see you in court.”
Disgraced FTX co-founder Sam Bankman-Fried (SBF) unsurprisingly pleaded not guilty to all eight criminal charges on Tuesday. His associates, Former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang, pleaded guilty two weeks ago and are both cooperating with federal investigations.
Bitcoin(BTC) is up 1.53%, and Ethereum (ETH) is up 5.47%. Check out this price analysis for more info.
Check out BFF’s predictions for web3 in the workplace, some of which include more metaverse and DAO talk and Social Tokens.
Dates: Thursday, January 19
Time: 2:30-3:30 EST