Risks

The Risks of Blockchain and Decentralization: Users Transferring Large Amounts of DESK to “Collector” Wallets

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The Risks of Blockchain and Decentralization: Users Transferring Large Amounts of DESK to “Collector” Wallets

Users started transferring large amounts of DESK to collector wallets, despite the terms of service prohibiting its trading. A secondary market emerged, assigning value to DESK, which was not intended. This lack of control was a risk of blockchain and decentralization. Ultimately, it was determined that the product was not serving the community effectively, leading … Read more

DJ 3LAU’s Decision to Skip Friend.tech Raises Concerns over Regulatory Risks

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DJ 3LAU’s Decision to Skip Friend.tech Raises Concerns over Regulatory Risks

DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks DJ and crypto investor 3LAU has withdrawn from decentralized social media platform Friend.tech due to concerns over regulatory risks. He specifically pointed out the automated market maker (AMM) feature of the platform as a potential regulatory grey area. 3LAU stated that he … Read more