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adovrn

@adovrn2

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31 Followers


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Movement Labs co-founder accused Scroll of selling tokens on OTS before token release and airdrop manipulation Rushi Manche has accused Scroll of the following problems: The project has been around for several years, but instead of honestly supporting the community, the team launched a scheme where costs are passed on to ordinary investors. A few years before the launch, the team was selling their shares on OTC. Some team members were buying tokens at an inflated valuation of $1.8 billion while management was selling their holdings. The team distributed airdrop to their own wallets and then sold them. Tokenomics was specifically designed to harm every member of the community. Manche claims that this behavior is damaging the reputation of the EVM L2 ecosystem and is calling on Scroll to change their approach so that their actions don't look like scamming.
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Polymarket is under investigation for allegedly allowing users in the US to place bets. The CEO of Polymarket had electronic devices seized. Polymarket is being investigated by the US Department of Justice for allegedly allowing users in the US to place bets on the platform. The FBI issued a search warrant for Polymarket CEO Shayne Coplan and seized his phone and electronic devices. According to an agreement reached in 2022 with the Commodity Futures Trading Commission, Polymarket was required to prohibit US users from trading on its platform. In a statement, Polymarket said the company is ready to "defend itself and its community" and accused the FBI of conducting a politically motivated search. The company stated: "Polymarket is a fully transparent prediction market that helps people better understand the events most important to them, including elections."
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