Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto Lawsuit
Mailchimp Faces Class-Action Lawsuit over Trezor Phishing Attack
An aggrieved Trezor user has filed a class-action lawsuit against Intuit which is the parent company of Mailchimp. Trezor users previously reported phishing attacks as part of a breach of a Mailchimp newsletter database. Levinson v. Intuit Earlier this month, Trezor, a producer of hardware wallets, launched an investigation into phishing attacks targeting its users. This was due to a data breach involving Mailchimp's services. Alan Levinson, a Trezor user, reportedly lost $87,000 worth of cryptocurrency from his Trezor wallet…
3 years ago
Memecoin “Let’s Go Brandon” Faces Lawsuit over Alleged Pump & Dump Scheme
Developers of the meme token, "Let's Go Brandon", have been accused of robbing investors via a pump-and-dump scheme. Eric De Ford, a supposed victim of the scam, filed a lawsuit against the LGB creators for unlawfully manipulating prices. LGB creators allegedly maneuvered prices to their advantage by inciting a price pump, before selling off their assets shortly after. Accusers claim that the defendants walked away with significant profits while leaving other unsuspecting investors in the red. Hence, Ford filed a…
3 years ago