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Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC), is chasing down the crypto assets of Jermey Cahen, aka Pauly0x, while claiming that the disgraced crypto influencer is deliberately avoiding a $9 million judgment against him. The firm claims that Cahen is employing “dilatory tactics” and has tried to “sidestep his financial responsibilities” by moving bitcoin (BTC), ether (ETH), and pepecoin (PEPE), together worth almost $400,000, into four separate wallets.  Attorneys for Yuga Labs requested that a California court issue a “Turnover Order.” This, if granted, requires Cahen to hand over the keys to these wallets to the US Marshals Service so that his funds can be transferred and fulfill the court judgment that was decided in February 2024.  Cahen was found liable for disgorgement of profits in relation to a series of copycat BAYC NFTs that he sold. However, Yuga Labs says Cahen made “ a mockery of this court’s final judgement ” by refusing to pay the h...

Crypto investor and billionaire Barry Silbert says there’s one digital asset play that he thinks will be the “next big investment theme” for the asset class. In a new interview with Raoul Pal on the Real Vision YouTube channel, Silbert says that he’s created a new venture called Yuma, which exclusively focuses on Bittensor (TAO), a decentralized blockchain-based network built for a global, collaborative marketplace for artificial intelligence (AI). Says the Digital Currency Group (DCG) CEO, “I started looking across the whole decentralized AI space and started digging in on Bittensor, and I very quickly came to the conclusion that from a theme or era perspective, this was the next big era for crypto. You had the Bitcoin and the Ethereum and the NFTs (non-fungible tokens), and you had the layer 2s and DeFi (decentralized finance)… I think this is the next big investment theme for crypto, and there are a number of projects that ...

The team behind President Donald Trump’s crypto operations is on an aggressive accumulation spree of crypto assets before and during the 2025 inauguration ceremony. According to blockchain intelligence and “de-anonymizing” platform Arkham, World Liberty Financial (WLFI) – the Trump family’s crypto project – bought over $50 million worth of cryptocurrencies in the hours leading up to the new President being sworn in. Trump’s purchases include blockchain oracle service Chainlink (LINK), lending platform Aave, Justin Sun’s TRON (TRX), synthetic dollar protocol Ethena (ENA), top smart contract Ethereum (ETH) and the Ethereum-based Bitcoin Wrapped BTC (WBTC). “TRUMP’S WORLD LIBERTY FI BUYING $50M+ OF CRYPTO RIGHT NOW In the past hour or so, Donald Trump’s project World Liberty Fi has purchased: $4.7M of LINK $4.7M of AAVE $4.7M of TRX $4.7M of ENA 3x $4.7M of WBTC 4x $4.7M of ETH How much more will they buy?” Sou...

A 19-part thread outlines the sophisticated strategies scammers are using to part crypto users from their funds. Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter. The analyst, who has 253,400 followers on Twitter, is the founder of artificial intelligence and community-powered crypto threat mitigation system, Sentinel. In a 19-part thread posted on Aug. 21, Serpent outlined how scammers target inexperienced crypto users through the use of copycat websites, URLs, accounts, hacked verified accounts, fake projects, fake airdrops, and plenty of malware. One of the more worrisome strategies comes amid a recent spate of crypto Phishing Scams and protocol hacks. Serpent explains that the “Crypto Recovery Scam” is used by bad actors to trick those who have recently lost funds to a widespread hack , stating: “Simply put, they attempt to target people who have already been scammed, and claim they c...