politics / 2 posts found

Art for Good: How Ukrainian Children Are Helping Fund Humanitarian Efforts via NFTs

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Various entities throughout the Web3 space have stepped up to aid in fundraising efforts for Ukraine during its ongoing conflict with Russia. One initiative in particular hopes to shed light on some of the country’s most affected, yet underrepresented voices: Ukraine’s children. “Their youth is still not lost” The ongoing humanitarian crisis in Ukraine has left thousands of children with uncertain futures. Stuck underground in bomb shelters, bunkers, and train stations, many of these kids have turned to art to pass the time. Ukrainian-born artist Bonnie Panasenko hopes to give all these displaced children a unified voice with the digital […]

Scams Explained: What Are Rug Pulls? Are They a Crime?

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Back in March of 2022, the U.S. Department of Justice (DOJ) charged Frosties founders Ethan Nguyen (“Frostie”) and Andre Llacuna (“heyandre”) with conspiracy to commit fraud and conspiracy to commit money laundering in what is considered to be the agency’s first NFT “rug pull” bust. The ice-cream-themed project, which was heavily marketed as a “cool, delectable, and unique” collection of 8,888 NFTs, also promised investors raffles, merch, and a “special fund to ensure the Frosties’ longevity.” They didn’t exactly live up to these promises.  Following a two-month investigation, prosecutors in the Southern District of New York arrested and charged Nguyen, […]
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