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Showing posts with the label rug pull

Two NFT Influencers Indicted For Allegedly Rug Pulling Over $22M

Gabriel Hay and Gavin Mayo, renowned crypto and non-fungible token influencers and United States nationals, residing in California state, have been charged for allegedly defrauding over $22 million. The two are accused of promoting a non-fungible token project that ended up being a rug-pull scam. The two fugitives were arrested in Los Angeles state and are now facing fraud charges. Two NFT Influencers Face Fraud Charges In a December 23 press release, the Office of Public Affairs of the United States Department of Justice confirmed that the two fugitives, Gabriel Hay and Gavin Mayo, have been arrested in Los Angeles and presented before court for fraud charges. Hay and Mayo have been charged with each a single charge of conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking. Look at this guy He made $22M from NFT scams Yesterday, he was arrested Here’s the untold story of his rise and fall: 1/11 pic.twitter.com/eU3ayNihBY — Pix🔎...

Bitcoin ETFs could face rug-pull from Gensler, analysts say

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Bloomberg’s ETF analysts haven’t ruled out the possibility that SEC Chair Gary Gensler may reject pending spot Bitcoin ETF applications at the eleventh hour. There’s a remote possibility that Gary Gensler, chair of the U.S. Securities and Exchange Commission, could abruptly deny all pending spot Bitcoin (BTC) ETF applications, a move described as “amazingly sadistic” by Bloomberg ETF analysts . On Oct. 31, ETF commentator Dave Nadig took to X (formerly Twitter) to question senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, speculating whether SEC Chair Gary Gensler might be accumulating spot Bitcoin ETF applications, only to collectively reject them in a move he dubbed a “semi-comedic rug-pull .” I'm sure it will be much more boring than this — but sometimes it does feel like this is all a setup for a giant Gensler semi-comedic rug-pull . — Dave Nadig (@DaveNadig) October 30, 2023 Responding to the comment,...