Partner with us

News Explorer — GREED Token Was Just a Scam Spotting Experiment

Generated by AI, curated by humans

May 15, 5:09 pm

Coindesk

GREED Token Was Just a Scam Spotting Experiment

A social experiment called GREED has taught crypto traders a lesson about internet security, morality and sensibility. The creator of the experiment, Ivor Ivosevic, wanted to show the dark side of crypto trading, and the result was a viral tweet that attracted thousands of followers and offers of seven-figure sums for a nonexistent token. Despite the hype, the token was designed to be bot-proof and free, and the airdrop included a warning to others.

A social experiment called GREED has taught crypto traders a lesson about internet security, morality and sensibility. The creator of the experiment, Ivor Ivosevic, wanted to show the dark side of crypto trading, and the result was a viral tweet that attracted thousands of followers and offers of seven-figure sums for a nonexistent token. Despite the hype, the token was designed to be bot-proof and free, and the airdrop included a warning to others.

Latest

Jun 13, 6:43 am

Decrypt

Chinese Fugitive Arrested at Thailand Airport for Allegedly Stealing Millions in Bitcoin

A Chinese fugitive, Tianwei, was arrested at Don Mueang Airport while trying to flee to Singapore, ending a manhunt link... Read Summary

Jun 13, 6:21 am

Decrypt

Coinbase Launches Branded Credit Card With Bitcoin Rewards for Coinbase One Subscribers

Coinbase has introduced its first branded credit card, offering up to 4% Bitcoin back on purchases exclusively to U.S.-b... Read Summary

Jun 13, 5:27 am

Decrypt

Toy Maker Mattel Taps Sam Altman's Company For AI-Powered Products

Mattel has partnered with OpenAI to create AI-powered products, marking OpenAI's move into consumer entertainment. Safet... Read Summary

Jun 13, 4:31 am

Decrypt

SEC, Ripple Ask US Court to Release $125M Held in Escrow Following Injunction

A joint motion by the SEC and Ripple Labs seeks to dissolve an injunction and release $125 million held in escrow. Rippl... Read Summary

Jun 13, 4:09 am

Decrypt

Shaquille O’Neal Settles Class Action Lawsuit Over Promotion of Collapsed Crypto Exchange FTX

Shaquille O’Neal has agreed to pay $1.8 million in a class action lawsuit related to promoting the collapsed crypto exch... Read Summary

Jun 13, 2:48 am

Decrypt

SEC Punts Review Periods for Dogecoin, HBAR ETF Applications

Multiple crypto ETF applications, including Dogecoin and HBAR, face extended review periods by the U.S. Securities and E... Read Summary

Jun 13, 12:48 am

Decrypt

Bitcoin Drops as Israel Airstrikes Hit Iranian Targets

Bitcoin experienced a more than 4% drop following Israel's airstrikes on Iranian targets, leading to a broader selloff i... Read Summary

Jun 12, 9:55 pm

Decrypt

Publicly Traded Tech Company Plots $500 Million XRP Treasury

Trident, a publicly traded technology services company, intends to raise $500 million for an XRP treasury, with plans to... Read Summary

Jun 12, 9:41 pm

Decrypt

Crypto Liquidations Soar as Bitcoin, XRP and Solana Fall

Over $1 billion worth of crypto positions have been liquidated in the past day, with Bitcoin leading at $317 million. Et... Read Summary

Jun 12, 8:13 pm

Decrypt

What to Expect From the New 'FIFA Rivals'—And 'NFL Rivals' Too

FIFA Rivals, a new mobile blockchain game by Mythical Games, is expected to have a significant impact due to its licensi... Read Summary

Jun 12, 7:24 pm

Decrypt

Myriad Users Predict Strategy's Bitcoin Buys, Fartcoin Price and More

Prediction markets like Myriad Markets offer users the chance to predict outcomes in various fields, from crypto to spor... Read Summary

Jun 12, 7:12 pm

Decrypt

DeFi Development Corp. Secures $5 Billion Credit Line to Keep Buying Solana

DeFi Development Corp. secured a $5 billion equity line of credit with RK Capital, allowing gradual stock issuance to in... Read Summary

Jun 12, 6:31 pm

Decrypt

Ethereum Token Launchpad Zora Takes Aim at Deloitte in Trademark Lawsuit

Zora, an Ethereum token platform, has sued Deloitte for trademark infringement over the use of the name "Zora AI" for it... Read Summary

Jun 12, 5:46 pm

Decrypt

Tether Invests in Gold-Centric Firm As Part of 'Dual Pillar Strategy' With Bitcoin

Tether, a major stablecoin issuer, has purchased a significant stake in a gold company, Elemental Altus Royalties Corp.,... Read Summary

Jun 12, 4:48 pm

Decrypt

GameStop Stock Dives Following $1.75 Billion Raise Plan That Could Boost Bitcoin

GameStop's stock price dropped 22% early Thursday after announcing a $1.75 billion convertible senior notes offering. Th... Read Summary