#crypto
Molly White @molly0xfff@hachyderm.io is an amazing source of information on the crypto world.
Interested in what the some of the current state of the 'industry' is up to these days?
Trials, Scams, Bankruptcy
Check this out.
#Crypto #CryptoFails #MollyWhite
Citation Needed Issue 54
FTX villain Sam Bankman-Fried gets 25 years in prison • The Register
Fallen crypto-king Sam Bankman-Fried has been jailed for 25 years after New York federal judge Lewis Kaplan expressed disbelief at almost every argument from his legal team.
https://www.theregister.com/2024/03/28/ftx_sbf_sentenced_25_years/
#Binance Code and Internal Passwords Exposed on #GitHub for Months
source: https://www.404media.co/binance-internal-code-and-passwords-exposed-on-github-for-months/
A highly sensitive cache of code, #infrastructure diagrams, internal passwords, and other technical information belonging to #cryptocurrency giant Binance has been sitting on a publicly accessible GitHub repository for months ...
US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried
Prosecutors cite 'strong public interest' for resolving major case against disgraced crypto exchange founder.#Courts #Crypto #UnitedStates #US&Canada
US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried
I swear, these look like an advertisement for #crypto.
I'm taking a test every week until the holidays are safely over.
The guys I work with are sick as hell and not wearing masks. It's like I'm working in an emphysema unit. They are also hazmat certified, licensed, and should know better. They don't know it's killing the health of their immune system every time. Already lost one this year. They can take drugs to mask symptoms until they drop and they are carried away. And we have to interview more people to take their place.
Save lives and wear a mask. Stay safe if you can.
The Strange $55 Million #Saga of a #Netflix #Series You’ll Never See
source: https://www.nytimes.com/2023/11/22/business/carl-rinsch-netflix-conquest.html
Soon after he signed the contract, Mr. Rinsch’s behavior grew erratic, according to members of the show’s cast and crew, texts and emails reviewed by The New York Times, and court filings in a divorce case brought by his wife. He claimed to have discovered #Covid-19’s secret transmission mechanism and to be able to predict lightning strikes. He gambled a large chunk of the money from Netflix on the stock market and cryptocurrencies. He spent millions of dollars on a fleet of Rolls-Royces, furniture and designer clothing.
Mr. #Rinsch and Netflix are now locked in a confidential arbitration proceeding initiated by Mr. Rinsch, who claims the company breached their contract and owes him at least $14 million in damages. Netflix has denied owing Mr. Rinsch anything and has called his demands a shakedown.
#47Ronin #movie #entertainment #money #finance #problem #conspiracy #fail #business #crypto #covid #health #Hollywood #streaming #epic #story
Can We Please Stop The Crypto Investor Madness Now
For years, people involved in cryptocurrencies, whether in companies providing products and services or groups and individuals heavily promoting them, have waved away criticism. It was only a few bad actors. Things would prove themselves out. Those who didn’t jump in would be shown as losers.
Given the number of outrageous outcomes and events over the last few years, it’s time enough to question whether the whole idea of a completely decentralized digital form of exchange is sensible. It isn’t currency in the classical sense of the characteristics it needs. As an investment, it’s been wild speculation. And some of the people in charge of important mechanisms (taunting the claim of decentralization) have proven themselves untrustworthy.
Binance crypto exchange founder to step down amid US illicit finance probe
US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.#Economy #Courts #Crypto #Regulation #UnitedStates #US&Canada
Binance crypto exchange founder to step down amid US illicit finance probe
What to know about the Sam Bankman-Fried trial verdict
The FTX founder has been found guilty on seven charges, and he may face decades in prison.#Courts #Crypto #UnitedStates #US&Canada
What to know about the Sam Bankman-Fried trial verdict
Sam #Bankman-Fried, whose #FTX #cryptocurrency exchange collapsed last year, was found #guilty on all seven charges of #fraud and #conspiracy. Prosecutors said he orchestrated a scheme to steal as much as $10 billion from his users.
Crypto tycoon Sam Bankman-Fried found guilty of defrauding FTX customers
Bankman-Fried faces up to 110 years behind bars following guilty verdict.#Economy #Crypto #UnitedStates #US&Canada
Crypto tycoon Sam Bankman-Fried found guilty of defrauding FTX customers
FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial
Sam Bankman-Fried says he never set out to steal from people while testifying in his own defence in Manhattan court.#Economy #Crypto #UnitedStates #US&Canada
FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial
“EtherHiding” — Hiding #Web2 Malicious Code in #Web3 Smart Contracts
Source: https://labs.guard.io/etherhiding-hiding-web2-malicious-code-in-web3-smart-contracts-65ea78efad16
This is what we see here in this #attack — malicious code is hosted and served in a manner that can’t be blocked. Unlike hosting it on a #Cloudflare Worker service as was mitigated on the earlier variant. Truly, it is a double-edged sword in decentralized tech.
#crypto #Blockchain #technology #smartContract #software #cybercrime #warning #internet #web #www #news
