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Woodward Inc., based in Fort Collins, Colorado, has locked down all its social media accounts after people started sharing photos of what has been described as a missile component bearing a Woodward label, shown in front of a bombed building in Gaza. — Read the rest
Even the best known NFT brand can't escape the effects of a collapsing industry. Yuga Labs, the company behind the blue-chip Bored Apes NFTs and related collections, and the acquirers of collections including CryptoPunks, has announced that it will be joining the many other companies in the crypto world performing layoffs. They did not disclose how many employees would be losing their jobs.
"It's a challenging time, not only for our industry but also for the global economy," wrote Yuga Labs CEO, apparently hoping that people ignorant to the past year of disaster across the NFT industry might be willing to attribute Yuga Labs' struggles to macroeconomic forces and not the implosion of the crypto — and particularly NFT — world.
One of the original Bitcoin core developers, Luke Dashjr, claimed on Twitter that attackers had managed to compromise multiple wallets — which he described as both hot and cold wallets — to steal all of his Bitcoins. Dashjr originally blamed the attack on a PGP key compromise, but later said the PGP compromise was only a part of a much broader hack where attackers also bypassed two-factor authentication and got access to what he had believed to be a cold wallet.
Dashjr complained on Twitter about having trouble getting in contact with the FBI about the theft. Some joked about the irony of a Bitcoin maximalist running to the FBI when his coins were stolen.
There are some questions about the veracity of Dashjr's claims, given his supposed security practices, the extent of the breach, and some of his odd comments on Twitter.
Research firm Logically published an investigation into two QAnon influencers who successfully convinced their follower to put more than $2 million into crypto scams. Telling their followers that they could predict the success of cryptocurrencies because of access to "secret military intelligence", they capitalized on QAnon conspiracy theories to defraud their followers through various pump-and-dump schemes. The influencers made claims including that they had personal connections with Elon Musk, Donald Trump, and John F. Kennedy, Jr. (who died in 1999, despite some QAnon theories), or that "aliens want us to trade cryptocurrency 'as an on-ramp to familiarize ourselves with the quantum financial system until we can evolve into 5D and trade assets with our consciousness'".
According to Logically, the "vast majority" of people following the influencers' investment advice "lost anywhere between several hundred and tens of thousands of dollars". One man lost more than $100,000, a loss that caused him to then lose his house and construction business. The man ultimately died by suicide.
Anna Sorokin, the scammer who convinced people and companies to give her hundreds of thousands of dollars by pretending to be a German heiress, has decided to get into NFTs. After winding up with a "scammer persona", which she says is a result of the Netflix series about her and not a result of the scams that landed her in prison, she has announced her intentions to "move away from" it. Now she is focusing on an NFT collection, which she announced in an interview from a detention facility in New York.
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