Bitcoin News Thebittimes.Com

Canadian NBA basketball star Shai Gilgeous-Alexander has won a lawsuit reversing his purchase of an $8.4 million mansion after threatening strangers kept visiting the property looking for its previous tenant: Ontario’s self-proclaimed ‘crypto king.’ Gilgeous-Alexander filed the lawsuit in X this year. He claimed the estate agents had misrepresented the property as “private and secure” and failed to disclose a “safety risk.” The pro-athlete claimed strangers threatened to burn down the property, attempted to break in , and bothered owners in pursuit of ‘crypto king’ Aiden Pleterski. Gilgeous-Alexander won the lawsuit on November 27. According to the judge, “[The seller] suppressed the truth about the Burlington property, which in this case amounted to a fraudulent misrepresentation.”  ‘Crypto King’ still gambling and jet-setting despite $40M bankruptcy Read more: Ontario ‘crypto king’ allegedly held ransom by investor who lost $74...

Blockchain game Abyss World has announced the postponement of the SUI airdrop to Gazer this month, citing a funding crisis and deception by their early main investor , Chainhill Capital. This becomes another in the list of development teams affected by Chainhill Capital’s failure to pay our funds. Making amends The community administrator of the blockchain game Abyss World alleges that the company came across unforeseen financial difficulties that resulted in the non-receipt of the investment funds intended for Abyss World and other projects. Abyss World has found itself in arrears for over six months, and despite their commitment to expanding the team as initially promised, the company depleted its cash reserves beyond initial plans. The announcement also stated the project’s commitment to making amends for the losses suffered by affected community users and maintaining a comprehensive record of Gazer holders. Facing financial limitations and unable to fulfill ma...

The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors. Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects. Rosen Law Firm, a global law firm focused on investor rights’ protection, announced on Jan. 30 that it’s planning to file a class action lawsuit against Yuga Labs.  Rosen invited purchasers of Yuga securities — including BAYC NFTs and the native token ApeCoin (APE) — to join the class action against Yuga by the lead plaintiff deadline set for Feb. 7. The Law firm emphasized that Yuga securities’ investor s that bought BAYC and APE between April 23, 2021, and Dec. 8, 2022, may be entitled to compensation without payment of any additional costs through a contingency fee arrangement. The new case targets a large number of defendants, including Yuga Labs co-founder Wylie Ar...