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NFT artist sues X for suspending account, wrecking business

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Binance Smart Chain’s ‘biggest’ NFT artist is suing Elon Musk’s X Corp after the social media giant suspended his accounts, allegedly ignoring its own policy and costing him his livelihood. Jeremy Ryan, aka ‘NFT Demon,’ filed a lawsuit in California on Wednesday in which he accuses X (formerly Twitter) of unfairly suspending his seven accounts and ‘severely’ damaging his crypto and NFT businesses.  Ryan, who became an NFT artist after surviving brain cancer, says his record of minted art makes him the largest NFT artist on the Binance Smart Chain. His work has attracted support from numerous celebrities including John Cena and Snoop Dogg. However, he argues that being cut off from his accounts means he has “ lost his predominant source of income and livelihood ,” and that he is losing future profits that could be made if he was still active on X promoting his NFT work.      Screenshots taken of NFT Demon’s art, which mostly resemble other NFT projects such as Bored Ape Yacht ...

Mt. Gox repays some creditors, emails others to confirm accounts

Creditors of hacked crypto exchange Mt. Gox have been contacted by its trustee to confirm their account details, as the firm gears up to repay them, with at least two creditors reportedly receiving funds. In an email sent to several creditors, Mt. Gox’s rehabilitation trustee has confirmed the existence of their accounts and indicated that repayments of bitcoin and bitcoin cash are anticipated. “Please note that you may not be able to receive repayment in BTC/BCH if your account is disabled of frozen in the future,” the email warned. Several creditors have shared their copy of the email on Reddit. It appears that Bitstamp users and several Kraken users have received the confirmation. BREAKING: Mt. Gox confirms creditors' #Bitcoin addresses for repayment. Chances of 200,000 #BTC to hit the market over the next two months, per Reddit post pic.twitter.com/ABWLo6iPEw — Simply Bitcoin (@SimplyBitcoinTV) January 23, 2024 Read more: Who owns MtGox claims...