News with the tag "Sonic"

The CEO of Bitsonic, Shin, received an additional six-month prison sentence for fraud involving the exchange's native token, Bitsonic Coin (BSC), highlighting the severe consequences of crypto market manipulation and fraud.

The Sonic airdrop controversy led to $85 million in user withdrawals due to dissatisfaction with the token distribution and vesting schedule, prompting lessons on managing airdrops in the crypto space.

Sonic Labs executed a significant token burn, destroying 1,866,256.59 S tokens (valued at ~$754,903) from its airdrop allocation, signaling a strategic move to enhance token value and project credibility.

The content appears to be a promotional message for the meme token Floppapepe ($FPPE), encouraging potential buyers to invest before it's too late.