NFT News Daily Offcial TheBitTimes.com

Internet users claim the CHILLGUY meme coin is plagiarized from Thailand’s booklet character RELAXBOY, causing its price to tank by 14%. Doge-themed meme coin CHILLGUY tanked by around 14% within a day following claims of plagiarism. After weeks of being among the top discussed meme coins in the crypto industry, CHILLGUY is facing accusations of copying Thailand’s RELAXBOY character. CHILLGUY Meme Coin Under Scrutiny: Possible Plagiarism from Thailand “Just a Chill Guy” meme coin has been controversial for some time. In October 2023, the coin gained attention on social media, with Philip Banks claiming to be its creator. Banks rejected using his artwork for brand promotions, issuing legal threats on X. Recently, a Reddit post revealed new details and accusations of plagiarism, further fueling the controversy surrounding CHILLGUY. The "Just a Chill Guy" meme coin drama is heating up! 🔥 Creator Philip Banks isn’t chill about his artwork being us...

HTX, the Justin Sun-advised crypto exchange, has been rapidly redeeming massive quantities of wrapped bitcoin (WBTC). This started on November 24 with HTX redeeming approximately 5,182 bitcoins and has continued with the additional redemption of 2,166 bitcoins on December 1. Both of these transactions were unusual to observe, given that WBTC has no 24-hour volume on HTX.  Additionally, there is no WBTC included in the proof-of-reserves for HTX.  Furthermore, neither of the two bitcoin addresses that these redemptions largely ended up in, 1Fgpaz4kXyz35WKMGk2Yo19mR9pk3KC8zx and 1Apv2EuoHyCpKsxdFEPv5GSddqDMt3bTN6, are included in the proof-of-reserves. Coinbase to delist WBTC months after Justin Sun controversy Read more: Justin Sun’s USDD removes 12,000 BTC without DAO approval Furthermore, the total amount redeemed, approximately 7,300 bitcoin, would represent approximately one-third of all bitcoin included in the HTX Proof-of-Reserves. Despite ...

Davido’s $DAVIDO token launch triggers pump-and-dump suspicions. Critics cite past involvement in promoting questionable crypto projects. Debate intensifies over the impact of celebrity-backed meme coins. Nigerian superstar Davido finds himself embroiled in controversy following the launch of his meme token, $DAVIDO, amidst a broader debate surrounding celebrity-backed meme coins. The rapid rise and subsequent crash in the value of $DAVIDO have raised suspicions of a pump-and-dump scheme, drawing attention to the integrity of such ventures in the crypto space. Davido reportedly pocketed $473K in 11 hours Davido reportedly reaped substantial profits, with a staggering $473,000 earned within a mere 11 hours of the token’s launch. Initial investment details reveal that he received 7.5 SOL ($1,275) as startup capital and used 7 SOL ($1,190) to create and launch $DAVIDO on Pump.fun, acquiring 203 million tokens, which accounted for 20.3% of the to...