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Dogwifhat cancels Sphere advertising plan and refunds $700,000 raised funds.
According to Gate.io News bot, as reported by Decrypt, the project party of Dogwifhat announced the termination of its advertising plan at the Sphere in Las Vegas. The project party had originally planned to collaborate with a fashion brand for advertising displays, but after Sphere officials denied any partnership between the two and pointed out that Dogwifhat's use of its name was "fraudulent" behavior, the partner chose to withdraw.
The project organizer Edward has confirmed that he will start refunding nearly $700,000 in cryptocurrency funds raised in early April. Users who completed transfers through centralized exchanges need to manually submit relevant vouchers to receive their refunds.