Crypto bettors have staked millions on whether the outfit technically counts as a suit, while a renowned fashion industry commentator hasn’t helped, calling it “both a suit and not a suit.” Ukrainian President Volodymyr Zelenskyy’s outfit at a June 24 NATO meeting in the Netherlands has become the focal point of a fierce dispute between Polymarket bettors. A user on Polymarket, a crypto-based prediction platform, created a betting market that asked whether Zelenskyy would wear a suit before July. To settle the bet, a photo or video must show Zelenskyy wearing a suit between May 22 and June 30. The market racked up nearly $79 million in volume. The result initially landed on “yes,” but has been disputed twice since and now awaits a final decision. Read more
The victim of a $20 million crypto scam who sued Citibank last week for allegedly ignoring “red flags” has filed a similar complaint against two more banks. The self-claimed victim of a crypto romance scam who recently sued Citibank for failing to catch red flags has just filed a second lawsuit targeting two other banks. Michael Zidell sued East West Bank and Cathay Bank in a California federal court on Tuesday, accusing the banks of turning “a blind eye to their statutory duties and obligations.” He claimed he sent 18 transfers totalling nearly $7 million to the alleged scammers’ account at East West Bank, and made 13 transfers totalling over $9.7 million to an account at Cathay Bank. Read more
Moneycorp, one of the largest companies specializing in international payment and foreign exchange services, has decided to exit the Romanian market.