Bitcoin Era

[Iceman]

'Bored Apes' investors sue Sotheby's, Paris Hilton and others as NFT prices collapse | CNN

'A fool and their money is soon parted,' the saying goes.

Those parties deserve to be sued and lose money, but the investors also deserve to lose money.

 

[MagnarTheGreat]

Men charged by U.S. with laundering more than $1B in cryptocurrency

“Federal authorities on Wednesday charged two men with running a massive money-laundering scheme that allegedly handled more than $1 billion in illegal transactions, including moving hundreds of millions of dollars worth of cryptocurrency for North Korean hackers linked to that country's government.“

https://www.washingtonpost.com/national-security/2023/08/23/fbi-crypto-launder-tornado-korea/

 

[Iceman]

Men charged by U.S. with laundering more than $1B in cryptocurrency

“Federal authorities on Wednesday charged two men with running a massive money-laundering scheme that allegedly handled more than $1 billion in illegal transactions, including moving hundreds of millions of dollars worth of cryptocurrency for North Korean hackers linked to that country's government.“

https://www.washingtonpost.com/national-security/2023/08/23/fbi-crypto-launder-tornado-korea/

Great to hear how rich state hackers are getting using crypto.

 

[MagnarTheGreat]

CNBC - Co-founder of $4 billion crypto fraud scheme gets 20 years in prison, 'Cryptoqueen' partner remains at large
Karl Greenwood's co-founder Ruja Ignatova, known as the "Cryptoqueen" on the FBI's Top 10 Most Wanted list, remains at large, the DOJ said.

 

[MagnarTheGreat]

 

[MagnarTheGreat]

SBF's Parents Used 'Veneer of Legitimacy' to Plunder Millions: Lawsuit

Sam Bankman-Fried's parents allegedly plundered millions of dollars in fraudulently transferred funds and expensive island real estate.

gizmodo.com

 

[MagnarTheGreat]

95% Of NFTs Are Worthless, And The Ones That Aren’t Have Plummeted In Value

A new study published by blockchain experts Dappgambl has cast an ugly light on the current state of the NFT marketplace.

www.cartoonbrew.com

 

[Iceman]

95% Of NFTs Are Worthless, And The Ones That Aren’t Have Plummeted In Value

A new study published by blockchain experts Dappgambl has cast an ugly light on the current state of the NFT marketplace.

www.cartoonbrew.com

Don’t seem to hear anything about these anymore. Can’t imagine there is much of a buyer’s market anymore.

 

[MagnarTheGreat]

These Brands Are Still Going Down With NFT’s Sinking Ship

Big brands are using NFTs not for their own sake, but to literally gatekeep products and services for those who buy into the blockchain.

gizmodo.com

 

[MagnarTheGreat]

NY Attorney General sues crypto firms Gemini, DCG, Genesis for 'fraud'

New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.

www.reuters.com

New York AG Sues Winklevoss Owned Gemini in $1 Billion Cryptocurrency Fraud

Gemini claims to have been duped by Genesis, but New York’s AG says the Winklevoss twins knew and took investor money anyways through 'Gemini Earn.'

gizmodo.com

 

[MagnarTheGreat]

Sam Altman’s Worldcoin Doesn’t Want Americans to Read This Blog Post

An announcement on Worldcoin’s website about paying employees in cryptocurrency is blocked in the United States.

gizmodo.com

 

[MagnarTheGreat]

Crypto Exchanges, Not Just FTX, Are All a Mess Right Now

Legal troubles and low trading volumes continue to hammer the industry.

gizmodo.com

 

[MagnarTheGreat]

US Treasury warns crypto firms not to fund Hamas during the Israel war

The Treasury Department has already imposed sanctions on 10 Hamas members, operatives, and other entities tied to the terrorist organization.

scrippsnews.com

 

[Iceman]

US Treasury warns crypto firms not to fund Hamas during the Israel war

The Treasury Department has already imposed sanctions on 10 Hamas members, operatives, and other entities tied to the terrorist organization.

scrippsnews.com

Crypto is the ideal tool for terrorists/criminals/ransoms etc. Probably going to see closer regulation if anything high profile gets found.

 

[ComicChick]

it's the new-age off shore account, is it not?

 

[MagnarTheGreat]

Sam Bankman-Fried Found Guilty in Crypto Trial

A verdict from twelve jurors found SBF guilty of defrauding FTX customers out of $10 billion with his crypto empire.

gizmodo.com

 

[Teelie]

One down, so, so many left to go.

 

[MagnarTheGreat]

Millions of Old Bitcoin Wallets Have Critical Security Flaws, Experts Say

If you're using a wallet older than 2016, you need to act fast.

gizmodo.com

Security flaws you say why I never would have guessed after years of hacking incidents.

 

[MagnarTheGreat]

Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down

As part of a settlement with the Department of Justice, the crypto exchange will reportedly pay $4 billion and be allowed to continue operations.

gizmodo.com

 

[MagnarTheGreat]

Inside France’s courtship of Binance

State-endorsed blockchain awareness courses and NFT diplomas: how France’s deprived are pushed into crypto

www.ft.com

 

[MagnarTheGreat]

Chief executive of collapsed crypto fund HyperVerse does not appear to exist

Steven Reece Lewis was introduced to investors with an impressive list of qualifications and achievements, but no organisation cited can find any record of him

www.theguardian.com

 

[ComicChick]

ive never even heard of HyperVerse

 

[blueharvest]

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license.

www.cnbc.com

 

[blueharvest]

Mysterious crypto 'dark money' group ramps up lobbying efforts ahead of 2024 election

A new cryptocurrency-backed "dark money" group is bolstering its lobbying as its industry tries to exert power in Washington

www.cnbc.com

 

[MagnarTheGreat]

How a 27-year-old busted the myth of Bitcoin’s anonymity

Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable.

arstechnica.com