Failed Crypto Project Leads to Investor Refunds
13.09.2024 21:00 1 min. read Alexander Stefanov
Adam Neumann, the former CEO of WeWork, is back in the news due to the collapse of his crypto venture, Flowcarbon.
The startup, which aimed to blend carbon credits with blockchain technology, faced significant setbacks after raising $70 million from prominent investors like Andreessen Horowitz.
Flowcarbon’s ambitious project, the “Goddess Nature Token” (GNT), intended to tokenize carbon credits—representations of carbon dioxide removal from the atmosphere. The goal was to leverage blockchain for easier access to the carbon credit market, which McKinsey estimates could be worth over $50 billion by 2030.
Despite the optimistic projections, the launch of GNT faced delays due to market resistance and regulatory issues. As a result, Flowcarbon has begun refunding investors, citing challenges with market conditions and opposition from major carbon registries. The company has communicated these reasons through Zoom calls with affected investors.
The difficulties experienced by Flowcarbon reflect broader issues within the carbon credit sector, including skepticism about tokenization and concerns over double-counting. Under new CEO Dana Gibber, Flowcarbon remains committed to its environmental finance goals, though the refund process has left some investors discontented.
-
1
Strategy: Is it Undervalued or Overextended After Its Latest Bitcoin Buy?
14.10.2025 13:36 5 min. read -
2
Here’s How Crypto Could Help Nigel Farage Win the Next UK Election
09.10.2025 11:00 3 min. read -
3
Stablecoins Enter Multichain Era as Usage Hits Record Highs
04.10.2025 16:00 2 min. read -
4
Nasdaq Gets Its First Digital Gold Treasury
10.10.2025 20:00 1 min. read -
5
Citi Initiates Coverage on Strategy (MSTR) with $485 Price Target, Calls It a Leveraged Bet on Bitcoin
21.10.2025 18:58 4 min. read
Investors Eye Oracle as AI Push Could Send Market Cap Soaring
The race for trillion-dollar valuations in the U.S. stock market is heating up, with Oracle emerging as the next contender to breach the elite threshold.
Trump’s CFTC Pick Has Deep Crypto Ties – and Industry Is Cheering
President Donald Trump has chosen Michael Selig, one of Washington’s most experienced crypto lawyers, to head the Commodity Futures Trading Commission (CFTC), according to a report from Bloomberg.
Trump’s White House Expansion Draws Support from Crypto Industry
Several prominent figures and companies from the cryptocurrency and tech industries are reported to have contributed to the Trump administration’s new White House ballroom project.
Polymarket Confirms POLY Token and Airdrop, Prioritizes U.S. Relaunch
Prediction market platform Polymarket is preparing to introduce its long-awaited POLY token alongside an airdrop, signaling a new phase of growth as investor interest and trading activity surge.
-
1
Strategy: Is it Undervalued or Overextended After Its Latest Bitcoin Buy?
14.10.2025 13:36 5 min. read -
2
Here’s How Crypto Could Help Nigel Farage Win the Next UK Election
09.10.2025 11:00 3 min. read -
3
Stablecoins Enter Multichain Era as Usage Hits Record Highs
04.10.2025 16:00 2 min. read -
4
Nasdaq Gets Its First Digital Gold Treasury
10.10.2025 20:00 1 min. read -
5
Citi Initiates Coverage on Strategy (MSTR) with $485 Price Target, Calls It a Leveraged Bet on Bitcoin
21.10.2025 18:58 4 min. read
The crypto graveyard is growing fast. According to CoinGecko, more than half of all digital tokens launched since 2021 have already vanished—roughly 3.7 million failed projects, or 52.7% of listings on GeckoTerminal.
A hacker has been using a deceptive strategy to gain control of high-profile accounts on X, the social media platform, and is using them to push a fake memecoin.
A man posing as an Uber driver in the United States has been arrested after allegedly stealing around $300,000 worth of cryptocurrency from two unsuspecting passengers.
FalconX, a leading crypto prime broker, is set to acquire 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs).
A daylight kidnapping attempt in Paris has escalated fears over the safety of crypto executives and their families, following a string of similar incidents in France.
Fantom's (FTM) value has plummeted by 20% in the last day, now trading at $0.29, a low not seen since October 2023.
Fantom (FTM) has captured market attention as its rebranded protocol, Sonic Chain, achieves significant milestones.
The Directed Acyclic Graph (DAG) protocol Fantom has rebranded to Sonic Labs, marking a major shift in its strategy.
Malaysia is set to become the home of the world’s first stablecoin-powered Islamic digital bank, following the approval of a provisional banking license for Fasset, a global digital asset investment platform.
The Federal Bureau of Investigation (FBI) arrested a 25-year-old man from Alabama, for hacking the official X account of the Securities and Exchange Commission (SEC) in January.
The FBI have apprehended two individuals linked to a significant Bitcoin heist, where a single victim reportedly lost around $250 million in digital currency.
The FBI is ramping up efforts to combat a rising cryptocurrency scam known as "pig butchering," where fraudsters build trust with victims before tricking them into fake investments.