#cryptocurrency

#cryptocurrency

The German police last week announced the shutdown of the second iteration of the Crimenetwork crime marketplace. Crimenetwork was taken down in December 2024, after more than 12 years of operation, and a suspected administrator was arrested. Days later, the German-speaking online marketplace was resurrected on newly built infrastructure, and has since grown to have over 22,000 users and more than 100 sellers. The majority of the marketplace's users are likely German speakers, the police said.

Polymarket, which is worth an estimated $15 billion, moved to its Panama base following scrutiny from American regulators. If Polymarket users have a legal dispute, the company's terms of service states it will be resolved in a closed-door arbitration process in Panama.

World Liberty Financial alleges that Sun engaged in prohibited token transfers, straw purchases through third parties, and short selling of the company's WLFI token. The complaint further asserts that Sun was fully aware of the protocol's right to freeze user tokens to protect the community and adhere to governing agreements.

World Liberty Financial filed a countersuit for defamation against Justin Sun, claiming he engaged in a 'scorched-earth pressure campaign' after they froze his tokens worth $240 million.

Richardson described the reversal as a rule change at 'the 11th hour' that left a room of supporters stunned and forced the company back into private status despite having, in his telling, followed the playbook.

Alt5 Sigma Corp has quietly scrubbed Eric Trump's name from its public leadership following major legal and financial turmoil, as the Daily Beast reports.

Porvenir, one of the largest pension fund managers in Colombia, launched a new crypto-linked investment portfolio option called Crypto Porvenir, allowing Colombian pensioners to achieve crypto exposure starting at 100,000 Colombian pesos through a safe, regulated product.

Some of them have merit, but most of them are scams, Musk stated in court, reflecting his critical view of the cryptocurrency landscape amidst his legal battle with OpenAI.