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Consensys founder Joseph Lubin has been named in a new lawsuit filed in New York by over two dozen former Consensys employees. Over two dozen former employees of Ethereum infrastructure firm Consensys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claim s he diluted employee equity shares against earlier promises. The former staff allege that Lubin — who is also a co-founder of Ethereum — breached this “no-dilution promise” made in 2015, according to the plaintiff’s Oct. 19 filing in the Supreme Court of the State of New York. The plaintiffs allege Lubin lured in “smart and motivated” colleagues to work for Consensys in late 2014, claiming the firm would become the “future of cryptocurrency” and the “crypto Google.” Around that time, Lubin allegedly stated in a document that he wouldn’t dilute employee equity shares; the plaintiffs allege he later broke that promise. “It is my intention that the percentage Consensys members receive will not b...

Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case.  Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen.  So far, three witnesses have been questioned and cross-examined. However, more than 22 key witnesses are set to appear throughout this trial, and some of them are close friends and colleagues of Bankman-Fried.  Let’s take a brief look at who these witnesses are and how they are related to this historic trial .  Adam Yedidia A close college friend of Sam Bankman-Fried from their MIT days, Adam Yedidia took roles at both FTX and Alameda Research. Yedidia has been granted immunity by prosecutors, signaling his likely importance as a witness in the u...

“Degen Zoo” has seen more than 115,000 wallets register to join the game, pledging over $700 million. Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controversial Crypto Zoo concept, has seen more than 115,000 wallets register to join the game, with pledges of over $700 million. DAO Maker founder Christoph Zaknun took on the challenge of building his variant of the shelved zoo-themed game in just 30 days. In August 2021, Logan Paul announced a project called Crypto Zoo, which involved buying nonfungible token eggs that would supposedly hatch into animals, allowing owners to earn passive income through zoo tokens. The project reportedly raised over $3 million in NFT sales and tens of millions in zoo tokens. However, the project failed to deliver as promised, leaving many participants feeling that they had been rug pulled by the influencer. Inspired by Paul’s Crypto Zoo game, which critics have called a “scam," Christoph Zaknun’s "Degen Zoo” game simulates the impac...