Dave Portnoy’s Meme Coin Mess: Pump & Dump Claims Spark Legal Heat
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- Dave Portnoy has been accused of orchestrating over 15 pump-and-dump schemes
- He earned around $258,000 on the GREED meme coin before it crashed
- Portnoy received a $5 million refund from the $LIBRA team, a gesture not extended to others
Dave Portnoy, founder of Barstool Sports, is facing scrutiny for his involvement in multiple meme coin ventures, raising speculation about possible legal consequences as a result.
Polymarket, the decentralized information markets & predictions platform, has seen fluctuating odds on a potential Portnoy’ incarceration.
Earlier today, the probability stood at 18%, indicating significant market concern.
Subsequently, the odds came down 9%, suggesting a reduction in perceived risk.
Pump-and-Dump Allegations Mount Over $GREED and $GREED2 Coins
Portnoy has been accused of orchestrating over 15 pump-and-dump schemes, where he allegedly promoted meme coins to inflate their prices before selling off his holdings for profit.
The latest one is centered around the GREED meme coin.
He launched it on February 18, encouraging his followers to invest. Going against his initial assurances, Portnoy reportedly sold his entire sta…
The post Dave Portnoy’s Meme Coin Mess: Pump & Dump Claims Spark Legal Heat appeared first on Coin Edition.
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$ 0.0163
-3.66%
$ 0.00864
$ 0.0242
$ 1.26
$ 0.00238
-1.65%Funds
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$ 0.0163
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$ 0.0242
$ 1.26
$ 0.00238
-1.65%Funds
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Dave Portnoy’s Meme Coin Mess: Pump & Dump Claims Spark Legal Heat
Share:
- Dave Portnoy has been accused of orchestrating over 15 pump-and-dump schemes
- He earned around $258,000 on the GREED meme coin before it crashed
- Portnoy received a $5 million refund from the $LIBRA team, a gesture not extended to others
Dave Portnoy, founder of Barstool Sports, is facing scrutiny for his involvement in multiple meme coin ventures, raising speculation about possible legal consequences as a result.
Polymarket, the decentralized information markets & predictions platform, has seen fluctuating odds on a potential Portnoy’ incarceration.
Earlier today, the probability stood at 18%, indicating significant market concern.
Subsequently, the odds came down 9%, suggesting a reduction in perceived risk.
Pump-and-Dump Allegations Mount Over $GREED and $GREED2 Coins
Portnoy has been accused of orchestrating over 15 pump-and-dump schemes, where he allegedly promoted meme coins to inflate their prices before selling off his holdings for profit.
The latest one is centered around the GREED meme coin.
He launched it on February 18, encouraging his followers to invest. Going against his initial assurances, Portnoy reportedly sold his entire sta…
The post Dave Portnoy’s Meme Coin Mess: Pump & Dump Claims Spark Legal Heat appeared first on Coin Edition.
In This News
Coins
$ 0.0163
-3.66%$ 0.00864
$ 0.0242
$ 1.26
$ 0.00238
-1.65%Funds
Share:
In This News
Coins
$ 0.0163
-3.66%$ 0.00864
$ 0.0242
$ 1.26
$ 0.00238
-1.65%Funds
Share:
Read More
DOJ Confirms $15M Seizure Linked to APT38 After 2023 Crypto Thefts