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
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
The former billionaire's fraud trial stems from the dramatic collapse of the FTX cryptocurrency exchange he founded.#Courts #Crypto #UnitedStates #US&Canada
Sam Bankman-Fried: Key moments leading up to FTX founder’s trial
Prosecutors have described it as one of the largest fraud cases in United States history.Thirty-one-year-old Sam Bankman-Fried heads to trial in New York on ...#AlJazeera #AlJazeeraEnglish #Crypto #FTXtrial #SamBankmanFried #SecuritiesExchangeCommissionSEC #aljazeera #aljazeeraenglish #aljazeeralive #aljazeeravideo #aljazeeraEnglish #aljazeeralatest #aljazeeralive #aljazeeralivenews #cryptotycoonSamBankmanFried #cryptocurrency #cryptocurrencyexchange #largestfraudcasesinUnitedStateshistory #moneylaunderingandfraud
FTX trial begins: Bankman-Fried charged with fraud, money laundering
Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.#Economy #BusinessandEconomy #Corruption #Courts #Crime #Crypto #FinancialMarkets #UnitedStates #US&Canada
What is FTX founder Sam Bankman-Fried’s trial about?
The judge's comments came just before he denied Bankman-Fried's request to be released from jail to prepare for trial.#Economy #BusinessandEconomy #Courts #Crime #Crypto #UnitedStates #US&Canada
Bankman-Fried may face ‘very long sentence’ if convicted: Judge
Siehe: https://www.n-tv.de/wirtschaft/Digitale-Kunst-fast-alle-NFTs-sind-wertlos-article24415805.html
Inzwischen gibt es leider fast nur noch den Verlautbarungsjoutnalismus. Es wird abgeschrieben und umformuliert aber für Recherche keine Zeit. Damit unterstützt man dann die Hypes weil alle darüber berichten und das Ende vom Spiel wird erst berichtet wenn das Pferd schon lange tot ist.
Bankman-Fried faces charges of fraud and conspiracy stemming from the collapse of cryptocurrency exchange FTX.#Economy #Courts #Crime #Crypto #FinancialMarkets #UnitedStates #US&Canada
US court rules Sam Bankman-Fried to stay in jail pending trial
FTX said the founder's parents participated in wrongdoing, including enriching themselves, which led to its collapse.#Economy #BusinessandEconomy #Courts #Crime #Crypto #UnitedStates #US&Canada
FTX accuses Bankman-Fried’s parents of siphoning millions
Bail for Sam Bankman-Fried of FTX was revoked last month on charges that he had tampered with witnesses.#Economy #BusinessandEconomy #Courts #Crime #Crypto #UnitedStates #US&Canada
US court sceptical of Bankman-Fried’s push for release from jail
US judge rules that any difficulties FTX founder has in reviewing evidence against him are 'of his own making'.#Economy #Crypto #UnitedStates #US&Canada
FTX’s Sam Bankman-Fried loses bid for release ahead of trial
source: https://www.techtarget.com/whatis/feature/Pig-butchering-scam-explained-Everything-you-need-to-know
The pig butchering scam, also known as a #romance scam, is a long-term fraud that combines #investment schemes, romance scams and #cryptocurrency #fraud. This scam originated in Southeast #Asia, and the name originates from the Chinese phrase "Shāz Hū Pán," meaning pig butchering. A ring of cryptocurrency #scammers search dating and social #media sites for victims.
Though it's tempting to get out the world's tiniest violin when Sam Bankman-Fried complains about his peanut butter sandwiches, it should make you wonder: if even he can't have his basic needs met in jail, what about the less privileged?
https://newsletter.mollywhite.net/p/sam-bankman-frieds-jail-conditions
Rather than write down the seed phrases, Prime Trust opted to laser etch them into a piece of steel called “Cryptosteel Hardware,” which are called “Wallet Access Devices” in the court filings. According to the filing, it lost these devices, which is why it can’t get back into the wallet.
#problem #technology #cryptocurrency #finance #economy #news
Source: https://web3isgoinggreat.com/single/us-drug-enforcement-administration-scammed
Someone observed the #DEA wallet send a small test transaction before transferring the remaining seized funds, and quickly used a crypto wallet address with identical characters at the beginning and end to send an airdrop to the DEA source wallet. When the DEA agent went to send the remaining funds, they copied-and-pasted the address, believing it was the same one they'd sent the test transaction to. This is a common scam in the crypto world known as "address poisoning", and is successful primarily because crypto wallet addresses are very long strings of characters that people usually copy-and-paste, and only identify by the characters at the start and end.
#police #usa #fail #technology #scam #crypto #Tether #FBI #news #money #dollar
"A group of cybersecurity researchers has uncovered what they believe is an intentional backdoor in encrypted radios used by police, military, and critical infrastructure entities around the world. The backdoor may have existed for decades, potentially exposing a wealth of sensitive information transmitted across them, according to the researchers.
While the researchers frame their discovery as a backdoor, the organization responsible for maintaining the standard pushes back against that specific term, and says the standard was designed for export controls which determine the strength of encryption. The end result, however, are radios with traffic that can be decrypted using consumer hardware like an ordinary laptop in under a minute. "There's no other way in which this can function than that this is an intentional backdoor," Jos Wetzels, one of the researchers from cybersecurity firm Midnight Blue, told Motherboard in a phone call."
https://www.vice.com/en/article/4a3n3j/backdoor-in-police-radios-tetra-burst
#USA #militarygrade #morons #crypto #defectivebydesign #backdoor
