China News by Thebittimes.Com

NFTs from the startup RTFKT, which was bought and later shuttered by Nike, are no longer displaying the images attached to them after a Cloudflare restriction.  Right-clicking and hitting save won’t have the same impact now that the images from the entire Clone X NFT collection have been replaced with a violation message.  It reads, “This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service.” Some X users have speculated that RTFKT can no longer afford to pay for one of the CloudFlare subscriptions , resulting in the removal of the images. However, at the time of writing, various NFTs from this collection are now displaying their images again. The violation warning that now appears on most of the RTFKT NFTs. Read more: Nike sues over sneaker NFTs to clean house before metaverse arrives Nike bought RTFKT in December 2021, during the COVID-19 pandemic, and claimed it would “invest in the RTFKT b...

An alleged Ponzi scheme operator who reportedly funneled $4 million of his illicit earnings to Ontario ’s self-proclaimed ‘ Crypto King’ has been hit with an arrest warrant after he failed to hand over his passport while claiming to be in Dubai. As reported by CTV, an Ontario judge found Ryan Rumble in contempt of court after he failed to hand over his passport by Dec 1 as ordered. He appeared virtually in the hearings and claimed to be in Dubai. Rumble is facing a civil lawsuit accusing him of taking $14 million from investors in a Ponzi scheme and giving millions to ‘Crypto King’ Aiden Pleterksi. Pleterski is continuing to travel and gamble online despite facing a $40 million bankruptcy case. Rumble reportedly said he could only pay his investors back by finding work in Dubai and claims to have secured a consultancy contract with a firm currently funding his stay. However, fraud litigators say there’s no evidence it’s a legitimate contract .  ‘Crypto K...

Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a June 7 tweet that Silbert played a central role in orchestrating fraud ulent activities and actively took part in the fraud ulent schemes perpetrated by DCG and Genesis against creditors. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it. — Cameron Winklevoss (@cameron) July 7, 2023 Post termination Winklevoss also believes that Barry Silbert, reaching out to the exchange  after being notified of the program’s termination in October 2022, reportedly attempted to induce the exchange to continue Earn, despite being aware of Genesis’ substantial insolvency issues. Barry Silb...