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Crypto Influencers

All articles tagged with #crypto influencers

Sam Bankman-Fried's Trial: Crypto Influencers, Friends Turned Foes, and a Lush Lifestyle

Originally Published 2 years ago — by The New York Times

Featured image for Sam Bankman-Fried's Trial: Crypto Influencers, Friends Turned Foes, and a Lush Lifestyle
Source: The New York Times

The fraud trial of Sam Bankman-Fried, the founder of FTX crypto exchange, has attracted a mix of powerful legal professionals and crypto influencers, creating a clash of cultures in the courtroom. Crypto YouTubers, podcasters, and commentators, including a streamer known as Taco, have been attending the trial and providing updates to their online followers. The trial has brought together the staid environment of federal court with the hyper-online world of crypto enthusiasts, with reporters competing for seats alongside crypto influencers. The trial has also seen the need for explanations of crypto jargon and the presence of unconventional characters, such as a lawyer specializing in working with crypto investors and an anonymous account providing analysis and speculation on social media.

Binance and CEO CZ face multiple legal battles over unregistered securities promotion.

Originally Published 2 years ago — by BeInCrypto

Featured image for Binance and CEO CZ face multiple legal battles over unregistered securities promotion.
Source: BeInCrypto

Binance, its CEO Changpeng Zhao, and three crypto influencers have been sued for $1 billion in damages by Moscowitz Law Firm and Boies Schiller Flexner for listing unregistered securities as cryptocurrencies and paying social media influencers to promote these assets. The lawsuit is filed on behalf of three plaintiffs who said they lost money while trading digital assets promoted by Binance and the influencers. This lawsuit adds to Binance's rising legal troubles, including a recent lawsuit by the Commodities Futures Trading Commission for violating derivative trading laws and reports of investigation by the US Department of Justice.