$95,050.00
0.84%$1,822.96
2.50%$2.29
0.23%$602.38
0.19%$148.28
0.84%$0.999947
-0.01%$0.179139
1.20%$0.713833
2.39%$0.245823
0.38%$1,821.38
2.45%$95,032.00
1.01%$3.60
0.40%$14.95
1.88%$22.09
1.65%$0.281246
-1.09%$8.99
0.19%$3.26
0.49%$0.0000137
1.35%$0.188478
-1.35%$2,184.29
2.44%$0.9999
-0.01%$372.70
6.97%$4.26
2.87%$85.56
0.50%$18.88
6.75%$1.001
0.12%$1,822.88
2.68%$4.41
0.41%$269.55
4.27%$0.999511
0.00%$29.13
-0.35%$1,940.65
2.47%$0.58549
-3.51%$95,015.00
0.93%$0.000009
3.05%$5.59
1.17%$375.41
2.35%$5.40
-1.05%$2.59
3.12%$51.97
0.29%$0.959694
-1.23%$1.05
0.03%$13.69
-6.97%$22.10
-0.78%$5.05
0.95%$17.19
2.83%$169.41
1.11%$1.00
0.00%$0.092197
1.28%$31.09
0.28%$0.736334
0.15%$0.09384
-1.48%$0.02769734
2.94%$4.50
2.68%$1.17
0.10%$0.239683
-0.54%$0.233772
3.70%$4.48
1.83%$94,950.00
0.91%$0.718682
0.35%$2.80
3.37%$4.29
-0.04%$0.3273
-2.71%$2.85
0.72%$0.52593
0.95%$0.337221
0.47%$0.00001971
1.54%$4.11
0.71%$0.998894
0.38%$1.10
-1.16%$95,042.00
1.18%$0.469166
2.23%$10.66
0.86%$0.788809
1.44%$1,545.86
3.45%$0.834359
-0.91%$0.079314
-2.38%$1.23
1.22%$155.46
0.98%$0.01849205
5.61%$1.12
-1.42%$76.01
2.08%$1,826.08
2.72%$4.09
2.42%$0.214865
2.55%$0.701011
4.65%$0.574589
-1.07%$1,896.97
2.43%$1.001
0.14%$1.00
0.02%$9.93
0.10%$1.47
19.00%$0.099792
2.03%$0.673563
5.09%$1.001
0.09%$602.89
0.32%$0.999595
0.01%$2,065.91
2.53%$2.92
1.15%$3,316.20
-0.37%$94,443.00
1.18%$0.0000833
7.95%$1.00
-0.00%$0.01653587
-1.17%$0.797621
2.59%$0.213295
-2.35%$3,319.61
-0.25%$39.36
-0.61%$0.774709
7.67%$0.852846
2.04%$0.01729219
2.98%$95,103.00
1.12%$164.07
1.08%$0.01181371
-1.46%$12.96
1.14%$0.302013
1.23%$0.593332
-4.27%$4.05
-0.08%$95,063.00
1.61%$191.19
1.00%$0.00000071
-1.08%$0.117464
6.43%$1,939.45
2.66%$3.17
16.30%$2.07
0.46%$0.413801
3.13%$0.997634
-0.02%$0.064426
1.21%$0.999447
0.03%$18.59
3.87%$0.01839842
-7.91%$1.89
7.89%$0.24759
5.84%$1.11
0.73%$0.599875
-2.37%$0.318879
2.17%$0.563072
2.17%$36.23
-0.15%$1,906.94
2.58%$0.157403
1.77%$3.35
1.66%$0.00927496
3.00%$0.562118
-4.64%$0.209257
-7.30%$0.662187
2.57%$0.529184
1.49%$0.622392
1.28%$0.070009
-0.48%$0.999217
0.08%$0.00533308
-3.65%$0.416207
4.08%$95,570.00
-0.27%$1.39
1.22%$17.23
-0.18%$0.447911
-1.11%$94,932.00
0.94%$0.999763
-0.02%$92,110.00
0.77%$1,904.63
2.40%$0.99999
-0.00%$7.03
-0.01%$0.179336
1.30%$1.63
0.64%$0.00002243
0.71%$6.28
1.33%$0.150742
1.36%$0.543507
2.11%$94,890.00
0.91%$1,823.28
2.62%$110.86
0.02%$0.00000042
-0.18%$0.080896
5.27%$2.58
1.37%$0.239597
-0.27%$3.77
5.30%$1.085
-0.01%$1.002
1.91%$0.089052
1.41%$0.04199227
1.97%$1,823.64
2.64%$1,940.31
2.60%$42.12
-1.05%$0.03789717
-4.76%$0.0071478
-0.35%$1,823.27
2.62%$0.369354
-4.19%$0.564666
2.28%$21.71
0.76%$0.374159
4.38%$0.00415924
2.16%$1.001
0.18%$1,820.66
3.40%$0.130642
-0.50%$0.17101
0.23%$0.01776293
0.61%$0.813658
0.75%$0.00006187
-0.48%$0.303094
17.10%$1,866.58
2.01%$0.0048169
0.85%$1.00
-0.02%$0.728743
4.95%$2.96
2.17%$1.32
7.41%$29.68
1.54%$0.570873
29.07%$0.999298
-0.06%$0.717444
4.92%$0.999993
0.03%$0.999583
-0.04%$0.733385
2.16%$94,923.00
0.73%$3.79
5.44%$0.245057
2.00%$114.31
2.02%$1.23
3.22%$1,810.17
2.89%$0.139845
1.71%$0.20838
3.67%$23.47
0.04%$0.999842
0.05%$0.00000139
0.67%$0.999284
-0.04%$0.279736
2.75%$3,312.47
-0.29%$95,083.00
1.76%$18.91
7.23%$0.00270494
6.71%$0.00275266
3.21%$1,823.41
2.52%$0.03893796
4.51%$1,925.13
2.11%$16.31
2.31%$2.84
0.90%$0.532363
2.09%$0.00356048
-2.72%$0.0029654
4.87%$0.999548
0.23%$0.25861
8.27%$0.01305532
1.66%$0.0303308
7.38%$0.111185
1.11%$1,907.07
0.84%$0.094747
-4.38%$0.958938
1.80%$22.07
1.72%$0.735836
2.02%$1.097
0.03%Reading
Prominent cryptocurrency lawyer Preston Byrne has called out irregularities with Decentralized FinanceDecentralized Finance (DeFi) project SushiSwap. Over the weekend, he advised those who've lost money to lawyer up, assuring them that recourse in law was available—“there are ways,” he emphasized.
This coin is regulated as a security, appears not to comply with Section 5 or an exemption from registration and therefore a sale is subject to a right of rescission. With an alleged “exit scam” you could also probably find common law claims. There are ways. https://t.co/geQH44PNcc
— Preston Byrne (@prestonjbyrne) September 6, 2020
SushiSwap is like a yield farming version of decentralized exchange Uniswap. The protocol took the crypto world at the end of last month when it became the highest-flying unicorn in DeFi.
But last weekend—while its token $SUSHI fell from an all-time high of $11 to $2.38—SushiSwap’s pseudonymous creator Chief Nomi cashed out, withdrawing $12 million from $SUSHI's liquidity pool. The community accused him of pulling an exit scam, which he denied.
Currently, control of the protocol, and the $1.3 billion locked up in its smart contracts, rests with the CEO of the FTX exchange and Alameda Research, Sam Bankman-Fried, after Chief Nomi transferred control to him. Previously an arch-critic of the project, Bankman-Fried is now working with the community to give them power over SushiSwap’s future direction.
Welcome to Sam’s Sushi bar! https://t.co/LgWzFeZIDj pic.twitter.com/MLfSEbSQNX
— zaq子 (@klortu868o) September 8, 2020
Many still maintain that Chef Nomi should return the $12 million he withdrew. And Byrne is adamant that those who lost funds should file a report with the FBI and lawyer up.
“In the case of SushiSwap, there are clearly steep losses across the market, and likely one source available for recovery, chiefly, "Chef Nomi,” he told Decrypt. “There is only one legitimate way to access those funds, and that is by winning a lawsuit.”
He added that the law doesn’t discriminate against so-called magic Internet tokens, and meme-coins.
“US investor protection laws don't protect only unsophisticated investors or investors who don't invest in meme tokens. They protect all investors and particularly investors with clean hands,” he said.
Investors plugged $8 billion dollars into decentralized finance (DeFi) in the past three months alone, motivating the more creative members of its community to find new ways to create billions more in value. The result is the latest craze that has taken hold of the cryptocurrency industry: DeFi versions of meme coins, crypto tokens whose worth depends on how funny the Internet finds the joke they represent. DeFi “Degens,” as the users of such tokens self-identify, have cooked up an endless platt...
He also warned that, like ICOs in 2017, DeFi is likely to already be in the regulators' crosshairs, and those who believe otherwise “are making what will prove to be a very costly mistake.”
So listen up: any more Chief Nomi antics, and the wacky world of DeFi—with its unaudited vegetable coins and its fishy business—may soon be no more.
Australia’s financial watchdog has told dormant crypto businesses to "use it or lose it," warning it will cancel registrations as part of a sweeping crackdown to protect consumers and curb criminal activity. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said it is connecting with digital currency exchanges (DCEs) that appear inactive, urging them to voluntarily withdraw their registrations or face cancellation, in a statement released Monday. AUSTRAC’s CEO, Brendan Thomas, sa...
Mastercard will enable clients to execute transactions in stablecoins, its latest initiative in an expanding effort to offer crypto-related services, the payments giant announced Monday. New York-based Mastercard said that it had teamed up with crypto exchange OKX and payments processor Nuvei to create an end-to-end ecosystem, where clients can spend crypto via their cards and merchants can accept it. Mastercard Investing in Smart Contract Tech to Build on State-Backed Digital Currencies OKX and...
Gold-backed stablecoin Tether Gold's total market value recently soared above $800 million as investors continued embracing safe-haven assets amid concerns over rising inflation, with a newly released attestation from a third-party auditing firm showing just how much gold that Tether is stockpiling to back the token. The cryptocurrency hit a $770 million market capitalization as of March 31 and was backed by more than 7.7 tons of gold, according to a report from accounting firm BDO Italia. Mir...
