Virtuals announced on the X platform that the Genesis new project playgameAI attempted to carry out malicious operations during the Genesis Launch in an attempt to profit, deceive users, and destroy trust. In response to this incident, Virtuals Protocol made the following decision: 1. The launch of playgameAI will be permanently suspended. 2. A compensation plan has been launched to compensate affected users. 3. Once again, Virtuals Protocol officials will never require users to transfer money t...
The California Department of Financial Protection and Innovation (DFPI) has announced the permanent revocation of the lending license of bankrupt cryptocurrency lending platform BlockFi. The decision comes two years after BlockFi filed for bankruptcy. The DFPI suspended BlockFi's license in November 2022 and has since conducted a comprehensive review of the company. BlockFi has agreed to accept license revocation and promised to stop illegal and unsafe business practices. The DFPI originally fin...