#nft

artsound2@diasp.eu

Einstein Visa Person:

Get this! The source of funds for the winning bid in Melania Trump’s first NFT auction apparently came from Melania's own wallet. Blockchain transactions show the cryptocurrency used came from a wallet that belongs to the same entity that originally listed the project for sale.

This process, known as wash trading, allows someone to simultaneously buy and sell the same asset and — in some cases — artificially raise its price. Wash trading is prohibited in conventional securities and futures, but NFTs (like Melania’s) are traded in an unregulated market.
#quote by Jon #Cooper

https://twitter.com/joncoopertweets/status/1494291633755590658
#NFT #melania #money #laundering

california@diaspora.permutationsofchaos.com

#Netflix Orders Doc Series About Alleged #Cryptocurrency Laundering Scheme

  • Netflix has ordered a documentary series about a married couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history.
  • Ilya “Dutch” Lichtenstein and Heather Morgan were arrested in their New York City apartment on Tuesday, February 8, and now face charges of conspiring to launder nearly 120,000 Bitcoin tied to the 2016 hack of a virtual currency exchange. As the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and more – all while investigators raced to track the money’s movement on the blockchain.
  • Chris Smith (FYRE: The Greatest Party That Never Happened, Tiger King) is set to direct and executive produce along with executive producer Nick Bilton (Fake Famous, The Inventor: Out for Blood in Silicon Valley, American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the #SilkRoad).

#crime #entertainment #movie #nft #crypto #btc #software #scam