accusations against the Rarible crypto platform
The post accusations against the Rarible crypto platform appeared on BitcoinEthereumNews.com. Over the past few days, the crypto platform Rarible has been the subject of serious accusations regarding certain NFT auctions. The Non-Fungible Token market has been going through a difficult period for months now, and this could lead to operators in the sector looking for other borderline sources of revenue. Crypto news: allegations against NFT marketplace Rarible The specific problem concerns certain auctions run by Unstoppable Domains on Rarible. A few days ago, an analysis by Match Systems was published on the auction of a lot (tokens.x) from Unstoppable Domains. Match Systems discovered irregularities, namely non-compliance with the rules of the Rarible platform. It also discovered that similar cases had already occurred in the past, again in connection with Unstoppable Domains auctions, for the domains deposit.x and cruise.x. So it seems obvious that something is wrong, so much so that there is even public and verifiable evidence of it. The worst accusations, however, come from Jason Fernandes and Nadja Bester, co-founders of AdLunam. Fernandes and Bester explained the affair in a YouTube video, claiming that although they had won a number of auctions to buy certain domains, they were then prevented from taking possession of the domains they had bought. They also denounced other problems, such as the use of ‘bid shielding’ tactics, failure to complete auctions in a timely manner, and in particular the involvement of a particular user, Gaunter O’Dimm, in these activities. Manipulation The allegations relate in particular to the alleged manipulation of the auctions. Not only did they not receive notifications in order to properly participate in the auction, but they also accuse Rarible of not always awarding the auction to the highest bidder. Rarible responded by saying that it reserves the right not to sell a domain to the highest bidder. These allegations call into…
The post accusations against the Rarible crypto platform appeared on BitcoinEthereumNews.com.
Over the past few days, the crypto platform Rarible has been the subject of serious accusations regarding certain NFT auctions. The Non-Fungible Token market has been going through a difficult period for months now, and this could lead to operators in the sector looking for other borderline sources of revenue. Crypto news: allegations against NFT marketplace Rarible The specific problem concerns certain auctions run by Unstoppable Domains on Rarible. A few days ago, an analysis by Match Systems was published on the auction of a lot (tokens.x) from Unstoppable Domains. Match Systems discovered irregularities, namely non-compliance with the rules of the Rarible platform. It also discovered that similar cases had already occurred in the past, again in connection with Unstoppable Domains auctions, for the domains deposit.x and cruise.x. So it seems obvious that something is wrong, so much so that there is even public and verifiable evidence of it. The worst accusations, however, come from Jason Fernandes and Nadja Bester, co-founders of AdLunam. Fernandes and Bester explained the affair in a YouTube video, claiming that although they had won a number of auctions to buy certain domains, they were then prevented from taking possession of the domains they had bought. They also denounced other problems, such as the use of ‘bid shielding’ tactics, failure to complete auctions in a timely manner, and in particular the involvement of a particular user, Gaunter O’Dimm, in these activities. Manipulation The allegations relate in particular to the alleged manipulation of the auctions. Not only did they not receive notifications in order to properly participate in the auction, but they also accuse Rarible of not always awarding the auction to the highest bidder. Rarible responded by saying that it reserves the right not to sell a domain to the highest bidder. These allegations call into…
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