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Showing posts with the label allegations

OpSec chief says team quits after ZachXBT exposé, project denies it

OpSec chief says team quits after ZachXBT exposé, project denies it OpSec chief exec Chris Williams has resigned “effective immediately,” just two weeks after crypto sleuth ZachXBT exposed the project as a scam. Williams announced his resignation via X on Thursday, and claims that the entire core team has followed him out the door. The former CEO confirmed ZachXBT’s allegations, citing them as the reason for his resignation. “The decision follows recent findings, highlighted by @zachxbt, along with our own assessment of OpSec’s operations. “These revelations, coupled with the un-doxxed founder’s prolonged absence and sole control over the company’s finances, have several limited our ability to lead and execute our vision effectively.” From early on there were many red flags if you did basic due diligence so it’s clear all of the influencers who promoted OPSEC looked past this. Keep the names of influencers f...

Elon Musk’s legal team responds to ‘audacious allegations’ in dogecoin case

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Elon Musk’s attorneys are contesting a dismissal motion put forth by plaintiffs in the ongoing class-action lawsuit involving dogecoin investors. Elon Musk’s attorneys are contesting a complaint from plaintiffs in a class-action lawsuit involving dogecoin (DOGE) investors. The plaintiffs are seeking the dismissal of Musk’s legal team over allegations of misconduct. The attorneys for Musk have responded, describing the complaint as a misuse of judicial resources. The response from Musk’s legal team is contained in a detailed document. This response seeks to challenge the substance of the allegations, arguing that they do not meet the court’s “laugh test,” a legal doctrine used to evaluate the credibility of a claim. The response from Musk’s attorneys also addresses specific accusations made by Spencer, the lawyer for the dogecoin investors. They assert that these allegations , which include purported ethical violations and conflicts o...