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The price of privacy coin Zcash continues to rise historically, approaching the highest level in 8 years. (Decrypt)
[Fetch.ai Sues Ocean Protocol, Accusing Improper Sale of 263 Million FET Tokens] On November 8, Fetch.ai filed a class-action lawsuit against Ocean Protocol, accusing it of misleading the community within the Artificial Intelligence Alliance (ASI) and mishandling tokens. The lawsuit claims that Ocean transferred approximately 700 million OCEAN tokens, originally promised for community rewards, to a Cayman Islands entity, which were then converted into approximately 286 million FET tokens. About 263 million of these were sold on the market, causing a drop in FET's price. Fetch.ai's lawyers stated that Ocean misled the token community and its merger partners, profiting millions of dollars in the process. Ocean Protocol denied the allegations, calling the lawsuit mere social media hype. ASI Alliance co-founder Goertzel expressed disappointment in Ocean's actions but affirmed that the alliance would continue advancing decentralized AI development. Previously, Fetch.ai had requested Ocean to return $120 million worth of FET tokens to avoid legal disputes.
[Zhao Changpeng Responds to Trump's Pardon: Surprised, No Personal Relationship with Trump] In an interview with Fox News, Zhao Changpeng stated that he felt 'a bit surprised' about the pardon and remarked, 'You never know if or when a pardon will happen.' Regarding Trump's comment that he 'doesn't know who Zhao Changpeng is,' Zhao responded that Trump likely meant they do not know each other personally, as the two have never met or spoken, but Trump knows he is 'a crypto guy.' Zhao Changpeng also expressed a strong desire to meet Trump, calling it 'a tremendous honor.'
[Hourglass Stable deposit vault exceeds $1.6 billion, with over 25,000 participating wallets] Hourglass tweeted that the total deposits in the second phase of the Stable deposit vault have exceeded $1.6 billion, with over 25,000 participating wallets. Deposits will close at 9:25.
[CZ Responds to Trump's Remarks: No Personal Connection but Hopes to Meet] CZ responded to Trump's comment saying 'I don't know who CZ is' during an interview with Fox today, stating that Trump might mean the two have no personal connection, have never met or spoken, and that Trump might only know him as 'the crypto guy.' At the same time, CZ expressed a strong desire to meet Trump, saying it would be a great honor.
[Balancer Sends On-Chain Message to Hackers Requesting Return of Funds and Proposes Bounty Program] On Wednesday (November 5), Balancer contacted all known addresses involved in the attack via on-chain messages, requesting a response and return of funds by 5:00 (UTC+8) on November 9. Balancer proposed that the hackers return the funds to the DAO multisig address in exchange for a bounty, with specific details to be negotiated privately. If the return of funds meets the relevant criteria, Balancer will not pursue legal action or investigative measures; otherwise, it will employ technical, on-chain, and legal means to hold the attackers accountable, and the bounty will be used to reward informants who assist in identifying the attackers. Reportedly, the losses from the attack on Balancer have risen to $116.6 million.