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Search results for tag #cryptocurrency

[?]Molly White » 🌐
@molly0xfff@hachyderm.io

The article, and related investigations by the New York Times and Fortune, were cited in an inquiry over the alleged sanctions evasion by Senator Blumenthal, and a request by Sen. Van Hollen and others for an investigation by the Treasury and Justice Departments. Today the WSJ reported that the DOJ had opened such an investigation.

Blumenthal letter: hsgac.senate.gov/wp-content/up

Van Hollen Letter: vanhollen.senate.gov/imo/media

WSJ report on the new investigation: wsj.com/finance/currencies/jus

    Flipboard Tech Desk boosted

    [?]Molly White » 🌐
    @molly0xfff@hachyderm.io

    The Binance crypto exchange has just filed a defamation lawsuit against the Wall Street Journal over its article reporting that Binance's own compliance investigators had found $1 billion in transfers to Iran-backed terror groups, and then were fired.

    Complaint: courtlistener.com/docket/72409

    WSJ report: wsj.com/finance/currencies/bin

    Binance Holdings Limited ("Binance" or "Plaintiff'), as and for its Complaint against Dow Jones & Company, Inc. d/b/a The Wall Street Journal ("Dow Jones" or "Wall Street Journal"), alleges as follows: INTRODUCTION 1. Binance brings this action against the Wall Street Journal for publishing a false and defamatory article on February 23, 2026, which is the subject of this complaint (the "Article"). In the Article, the Wall Street Journal made numerous false and disparaging statements about Binance, and did so knowingly, recklessly, or negligently, and despite the fact that Binance provided factual corrections prior to publication, which the Wall Street Journal disregarded. 2. Binance is the world's largest cryptocurrency exchange by trading volume and users. In addition to holding licenses, registrations, and authorizations in more than 20 jurisdictions, Binance is the first cryptocurrency exchange to have secured full authorization under the Financial Services Regulatory Authority of the Abu Dhabi Global Market's regulatory framework. Binance has built one of the largest and most robust compliance programs in the digital asset industry, dedicating more than 1,500 individuals, nearly a quarter of its global workforce, to compliance, investigative, and risk functions. Binance invests

    Alt...Binance Holdings Limited ("Binance" or "Plaintiff'), as and for its Complaint against Dow Jones & Company, Inc. d/b/a The Wall Street Journal ("Dow Jones" or "Wall Street Journal"), alleges as follows: INTRODUCTION 1. Binance brings this action against the Wall Street Journal for publishing a false and defamatory article on February 23, 2026, which is the subject of this complaint (the "Article"). In the Article, the Wall Street Journal made numerous false and disparaging statements about Binance, and did so knowingly, recklessly, or negligently, and despite the fact that Binance provided factual corrections prior to publication, which the Wall Street Journal disregarded. 2. Binance is the world's largest cryptocurrency exchange by trading volume and users. In addition to holding licenses, registrations, and authorizations in more than 20 jurisdictions, Binance is the first cryptocurrency exchange to have secured full authorization under the Financial Services Regulatory Authority of the Abu Dhabi Global Market's regulatory framework. Binance has built one of the largest and most robust compliance programs in the digital asset industry, dedicating more than 1,500 individuals, nearly a quarter of its global workforce, to compliance, investigative, and risk functions. Binance invests

    hundreds of millions of U.S. dollars in its compliance program, and a significant share of these resources is dedicated to maintaining a world-class compliance team. 3. Despite this progress, the Wall Street Journal and its reporters have made a business of maligning both the cryptocurrency industry generally and Binance specifically, regardless of facts and reality. Indeed, this strategy appears tailored to generating sensationalist headlines designed to drive pageviews and the Wall Street Journal's bottom line. The Article is a case-in-point. 4. Here, the Wall Street Journal ignored the strength of Binance's compliance program, disregarded specific facts provided by Binance, and instead chose to publish a false and misleading Article based on anonymous, unsupported sources. The Article begins with a false, defamatory and reckless headline, "Binance Fired Staff Who Flagged $1 Billion Moving to Sanctioned Iran Entities," and then launches into a narrative rife with bogus claims. 5. Specifically, the Article makes factual allegations and implications that are false, defamatory, and reckless, including: a. The Wall Street Journal claims that Binance fired compliance personnel for investigating and identifying transactions with entities tied to Iran. That is false. The compliance personnel referenced in the Article were not terminated for any reporting or role in the investigation

    Alt...hundreds of millions of U.S. dollars in its compliance program, and a significant share of these resources is dedicated to maintaining a world-class compliance team. 3. Despite this progress, the Wall Street Journal and its reporters have made a business of maligning both the cryptocurrency industry generally and Binance specifically, regardless of facts and reality. Indeed, this strategy appears tailored to generating sensationalist headlines designed to drive pageviews and the Wall Street Journal's bottom line. The Article is a case-in-point. 4. Here, the Wall Street Journal ignored the strength of Binance's compliance program, disregarded specific facts provided by Binance, and instead chose to publish a false and misleading Article based on anonymous, unsupported sources. The Article begins with a false, defamatory and reckless headline, "Binance Fired Staff Who Flagged $1 Billion Moving to Sanctioned Iran Entities," and then launches into a narrative rife with bogus claims. 5. Specifically, the Article makes factual allegations and implications that are false, defamatory, and reckless, including: a. The Wall Street Journal claims that Binance fired compliance personnel for investigating and identifying transactions with entities tied to Iran. That is false. The compliance personnel referenced in the Article were not terminated for any reporting or role in the investigation

    c. The Wall Street Journal claims that Binance diminished its compliance with law enforcement requests. That is false. The compliance investigation started as a result of law enforcement requests seeking information about transactions, and Binance complied with those requests and cooperated with law enforcement, while also conducting an independent investigation that resulted in Binance oflboarding user accounts it identified that were engaged in suspicious activity. d. The Wall Street Journal claims that Binance knowingly registered customers with false documentation and provided preferential treatment to those customers. That is false. Identity verification is mandatory for all customers. 6. The Wall Street Journal contacted Binance at the eleventh hour seeking any comment Binance had on identified points and questions related to the Article, and refused to grant a good-faith extension for Binance to respond. Binance nevertheless worked with all haste to get factual corrections to the Wall Street Journal, but unfortunately, the Wall Street Journal then disregarded those corrections and refused an immediate request for correction. While it is incumbent upon a responsible publisher to seek to understand the true position prior to publication, it is apparent that the Wall Street Journal had already drafted the Article to conform to its own pre-existing agenda without regard to t

    Alt...c. The Wall Street Journal claims that Binance diminished its compliance with law enforcement requests. That is false. The compliance investigation started as a result of law enforcement requests seeking information about transactions, and Binance complied with those requests and cooperated with law enforcement, while also conducting an independent investigation that resulted in Binance oflboarding user accounts it identified that were engaged in suspicious activity. d. The Wall Street Journal claims that Binance knowingly registered customers with false documentation and provided preferential treatment to those customers. That is false. Identity verification is mandatory for all customers. 6. The Wall Street Journal contacted Binance at the eleventh hour seeking any comment Binance had on identified points and questions related to the Article, and refused to grant a good-faith extension for Binance to respond. Binance nevertheless worked with all haste to get factual corrections to the Wall Street Journal, but unfortunately, the Wall Street Journal then disregarded those corrections and refused an immediate request for correction. While it is incumbent upon a responsible publisher to seek to understand the true position prior to publication, it is apparent that the Wall Street Journal had already drafted the Article to conform to its own pre-existing agenda without regard to t

      [?]Molly White » 🌐
      @molly0xfff@hachyderm.io

      The Coinbase-backed "Stand With Crypto" advocacy group has declared Illinois Senate candidate Juliana Stratton to be "strongly against crypto" solely because she made a statement criticizing the $5.5 million the crypto industry had already spent to oppose her

      Stand With Crypto profile page Juliana Stratton Democratic Political Figure from Illinois Crypto letter grade of F Strongly against crypto Based on 1 statement and 0 votes. Vote History No recent votes. Statements Juliana Stratton @JulianaStratton x.com logo We have the momentum. Raja Krishnamoorthi and his allies know that, and it's why his MAGA-backed crypto bros are dumping $7 million into this race to try to stop me. Illinoisans aren't buying it. pic.x.com/5iqNcwSvWM tweet image @JulianaStratton Mar 3, 2026 on X Very anti-crypto

      Alt...Stand With Crypto profile page Juliana Stratton Democratic Political Figure from Illinois Crypto letter grade of F Strongly against crypto Based on 1 statement and 0 votes. Vote History No recent votes. Statements Juliana Stratton @JulianaStratton x.com logo We have the momentum. Raja Krishnamoorthi and his allies know that, and it's why his MAGA-backed crypto bros are dumping $7 million into this race to try to stop me. Illinoisans aren't buying it. pic.x.com/5iqNcwSvWM tweet image @JulianaStratton Mar 3, 2026 on X Very anti-crypto

        [?]⚯ Michel de Cryptadamus ⚯ » 🌐
        @cryptadamist@universeodon.com

        never forget how much money made enabling 's military operations

        cryptadamus.substack.com/p/isr

          Glyph boosted

          [?]Molly White » 🌐
          @molly0xfff@hachyderm.io

          Newsletter: Bitcoin is down 50%, several prominent industry figures have been uncovered in the Epstein files, Trump’s facing a probe into his family’s $500M deal with the UAE, and crypto super PACs spend their first $6 million in the midterms.

          citationneeded.news/issue-101/

            Soatok Dreamseeker boosted

            [?]Molly White » 🌐
            @molly0xfff@hachyderm.io

            Newsletter: With Trump faltering and their policy agenda incomplete, the cryptocurrency industry has moved at least $288 million toward the midterms in a desperate bid to keep Republicans in control of Congress.

            citationneeded.news/crypto-sup

              [?]⚯ Michel de Cryptadamus ⚯ » 🌐
              @cryptadamist@universeodon.com

              there's now a more mobile friendly version of my curated crypto site.

              michelcrypt4d4mus.github.io/ep

              larger screen versions are here: universeodon.com/@cryptadamist

              EFTAQ0990184 (Jmail) OCR text of email from Brock Pierce to Jeffrey Epstein probably sent at 2014-06-02 17:22:54 From: Brock Pierce <1 To: Jeffrey Epstein <jeevacation@gmail. com> Subject: Fwd: PRIORITY: PayPay Financial Date: Mon, 02 Jun 2014 17:22:54 +0000 Attachments: Here is an example of another company I've incubated in the Bitcoin space. This deal can benefit from a US issuing bank as well. Brock Mobile: +1-917-340-3400 Skype: brockpierce E: Follow me on twitter: @brockpierce

              Alt...EFTAQ0990184 (Jmail) OCR text of email from Brock Pierce to Jeffrey Epstein probably sent at 2014-06-02 17:22:54 From: Brock Pierce <1 To: Jeffrey Epstein <jeevacation@gmail. com> Subject: Fwd: PRIORITY: PayPay Financial Date: Mon, 02 Jun 2014 17:22:54 +0000 Attachments: Here is an example of another company I've incubated in the Bitcoin space. This deal can benefit from a US issuing bank as well. Brock Mobile: +1-917-340-3400 Skype: brockpierce E: Follow me on twitter: @brockpierce

                [?]ᴮᵉⁿ ᴿᵒʸᶜᵉVOTE IN THE PRIMARIES » 🌐
                @benroyce@mastodon.social

                @LukefromDC @samvarma

                feels very

                which makes sense since it's run by bros and funded by

                the way they work is they make exciting starry eyed promises

                people buy into the promises

                and forget the reality

                this is by design:

                a true believer is immune to reality

                the reality is, it's shit endlessly promising what already offers

                is always just around the corner, just you wait!

                and wait, and wait, and wait...

                  [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                  @cryptadamist@universeodon.com

                  cleaned up and interlinked my collection of sites where you can browse files of particular interest with color highlighting of interesting keywords

                  michelcrypt4d4mus.github.io/ep

                  (these pages are not optimized for mobile)

                  screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  Alt...screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  Alt...screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  Alt...screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                  Alt...screenshot of https://michelcrypt4d4mus.github.io/epstein_text_messages/index.html

                    Madeleine Morris boosted

                    [?]stux⚡️ » 🌐
                    @stux@mstdn.social

                    Largest Bribe in History

                    The largest bribe...so far.

                    youtube.com/watch?v=RE2pm3omzMI

                      [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                      @cryptadamist@universeodon.com

                      a large crypto lender for institutions called has apparently blown up levered long - sorry, i mean "temporarily halted withdrawals"

                      maybe a good time to remember last year when the chairman of said a 35% drawdown in bitcoin prices would cause at least a few traditional brokerages to collapse (bitcoin is down almost 50%)

                      A *Walter Bloomberg & . ® @Deltaone | susscrive J cl BLOCKEFILLS HALTS WITHDRAWALS AMID CRYPTO TURMOIL Susquehanna-backed crypto lender BlockFills has suspended client deposits and withdrawals, citing recent market volatility. The Chicago- based firm, which serves 2,000 institutional clients and handled $60 bn in 2025 trading, remains open for select trading but is limiting liquidity. The move echoes past crypto downturns, including the 2022 collapse of FTX and other lenders. Bitcoin’s recent drop below $65,000—down ~45% from October highs—has intensified pressures, while stalled U.S. crypto legislation continues to weigh on the market.

                      Alt...A *Walter Bloomberg & . ® @Deltaone | susscrive J cl BLOCKEFILLS HALTS WITHDRAWALS AMID CRYPTO TURMOIL Susquehanna-backed crypto lender BlockFills has suspended client deposits and withdrawals, citing recent market volatility. The Chicago- based firm, which serves 2,000 institutional clients and handled $60 bn in 2025 trading, remains open for select trading but is limiting liquidity. The move echoes past crypto downturns, including the 2022 collapse of FTX and other lenders. Bitcoin’s recent drop below $65,000—down ~45% from October highs—has intensified pressures, while stalled U.S. crypto legislation continues to weigh on the market.

                        [?]ᴮᵉⁿ ᴿᵒʸᶜᵉVOTE IN THE PRIMARIES » 🌐
                        @benroyce@mastodon.social

                        BREAKING NEWS:

                        people who play casinos rigged by whales lose their money to said whales

                        more news on this truly shocking revelation can be found today in various social media posts by two bit degenerates bemoaning their place as the fucking obvious suckers in the fucking obviously rigged games

                        for the rest of us, rejoice

                        because the pathetic joke that is plays a big role in and on the right. this hurts

                        nytimes.com/2026/02/05/technol

                        Crypto Takes a Deep Slide Despite Trump’s Support Even with strong backing from the White House, the price of Bitcoin is now lower than when President Trump was elected in 2024. 4 min read {A chart showing a steep rise when Trump takes office for bitcoin's price, then a steep drop in the last few days}

                        Alt...Crypto Takes a Deep Slide Despite Trump’s Support Even with strong backing from the White House, the price of Bitcoin is now lower than when President Trump was elected in 2024. 4 min read {A chart showing a steep rise when Trump takes office for bitcoin's price, then a steep drop in the last few days}

                          [?]Nonilex » 🌐
                          @Nonilex@masto.ai

                          It’s known as “Don Colossus.”

                          At 15 feet tall, the of , mounted on its 7,000-pound pedestal, is about the height of a 2-story building—a giant effigy cast in bronze & finished with a thick layer of gold leaf.

                          For >1 year, the golden statue has been at the center of one of the stranger moneymaking ventures of the Trump era. A group of investors paid $300k to have a sculptor create it as a tribute to Trump….

                          Then they used it to promote a called $PATRIOT.

                            [?]Nonilex » 🌐
                            @Nonilex@masto.ai

                            Oh my god

                            No

                            ‘Don Colossus,’ a Golden Statue of , Waits for Its Home

                            A group of investors backing a hopes the will soon be installed at one of Trump’s golf courses in Florida.

                            nytimes.com/2026/02/03/technol

                              [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                              @cryptadamist@universeodon.com

                              must read article on 's long relationship with co-founder, business partner, and man arrested in an apartment in filled with machine guns and "8,000 fotografias pornographia infantil" .

                              protos.com/brock-pierces-dark-

                                [?]Nonilex » 🌐
                                @Nonilex@masto.ai

                                That maneuver alone turned into one of the world’s largest issuers of — a type of that maintains a price of $1. The deal was poised to generate tens of millions of dollars a year in revenue for World Liberty [].

                                  Gene Cowan 🏳️‍🌈 boosted

                                  [?]Nonilex » 🌐
                                  @Nonilex@masto.ai

                                  Firm Quietly Took Stake in Family’s Company

                                  The $500 million agreement raises new concerns about the propriety of the president negotiating with his own partners.

                                  An investment firm tied to the UAE purchased nearly HALF of the Trump family’s company last year, making the family business partners with the UAE even as Trump negotiated foreign policy matters with the nation.


                                  nytimes.com/2026/02/01/us/poli

                                    Sam D boosted

                                    [?]Molly White » 🌐
                                    @molly0xfff@hachyderm.io

                                    it does not seem to me to bode well that they’re getting this nervous when the bitcoin price hasn’t even dropped below $80,000

                                      [?]Molly White » 🌐
                                      @molly0xfff@hachyderm.io

                                      Binance bitcoin bailout

                                      Headline:&nbsp;Binance to shift $1 billion user protection fund into bitcoin amid market rout&nbsp;Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits

                                      Alt...Headline:&nbsp;Binance to shift $1 billion user protection fund into bitcoin amid market rout&nbsp;Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits

                                        Lesley Carhart :unverified: boosted

                                        [?]Molly White » 🌐
                                        @molly0xfff@hachyderm.io

                                        $40 million in seized crypto held by the US Marshals was stolen in 2024, and crypto sleuth zachxbt has now linked the thefts to the son of a contractor managing the agency's crypto assets. The incident has renewed concerns about the government's ability to manage its crypto holdings.

                                        In crime Something funky’s been happening with the US Marshals’ pile of seized crypto — the crypto they’re tasked with hanging on to as cases wind through the courts.b In March 2024, almost $25 million was inexplicably removed from a Marshals-controlled wallet containing funds connected to the 2016 Bitfinex hack. In October 2024, crypto sleuth zachxbt noticed that $20 million of the Marshals’ crypto assets had apparently been stolen, with the thief laundering the funds through various exchanges [W3IGG]. The next day, $19.3 million of those funds were mysteriously returned. Now, zachxbt has linked the stolen government funds — as well as stolen assets belonging to other victims — to a man named John Daghita. According to zachxbt, Daghita was previously known only as “Lick” online, and was active in Telegram chat rooms where crypto thieves boasted about their wealth. When another thief taunted Lick for “only having $6 mil”, Lick evidently decided the only way to defend his honor was to go on a screenshare call to show proof of ownership by transferring funds between wallets. In doing so, he exposed several wallet addresses, and zachxbt was able to trace some of the crypto back to the US government wallet addresses.1415

                                        Alt...In crime Something funky’s been happening with the US Marshals’ pile of seized crypto — the crypto they’re tasked with hanging on to as cases wind through the courts.b In March 2024, almost $25 million was inexplicably removed from a Marshals-controlled wallet containing funds connected to the 2016 Bitfinex hack. In October 2024, crypto sleuth zachxbt noticed that $20 million of the Marshals’ crypto assets had apparently been stolen, with the thief laundering the funds through various exchanges [W3IGG]. The next day, $19.3 million of those funds were mysteriously returned. Now, zachxbt has linked the stolen government funds — as well as stolen assets belonging to other victims — to a man named John Daghita. According to zachxbt, Daghita was previously known only as “Lick” online, and was active in Telegram chat rooms where crypto thieves boasted about their wealth. When another thief taunted Lick for “only having $6 mil”, Lick evidently decided the only way to defend his honor was to go on a screenshare call to show proof of ownership by transferring funds between wallets. In doing so, he exposed several wallet addresses, and zachxbt was able to trace some of the crypto back to the US government wallet addresses.1415

                                        Shockingly, Daghita’s father is reportedly Dean Daghita, the owner of an IT company called Command Services & Support (CMDSS). In November 2024, CMDSS began a contract with the US Marshals to provide management services for their seized crypto assets.16 The contract is still active. While Coinbase has since July 2024 managed what the Marshals call their “class 1” crypto assetsc — the most popular cryptocurrencies like bitcoin, ether, and Tether — CMDSS was chosen to manage the “class 2” through “class 4” cryptocurrencies.d While it could be that the younger Daghita gained privileged information or access to the Marshals’ crypto wallets through his father, it’s not clear how that would have enabled thefts in the months prior to the contract award. I am hopeful that a FOIA request I filed with the Marshals earlier this week will shed some light on that. It’s also curious that many of the assets Lick siphoned from government wallets fall into the “class 1” category, which CMDSS is not involved in managing. The Marshals have declined to comment on the matter, citing ongoing investigations.17

                                        Alt...Shockingly, Daghita’s father is reportedly Dean Daghita, the owner of an IT company called Command Services & Support (CMDSS). In November 2024, CMDSS began a contract with the US Marshals to provide management services for their seized crypto assets.16 The contract is still active. While Coinbase has since July 2024 managed what the Marshals call their “class 1” crypto assetsc — the most popular cryptocurrencies like bitcoin, ether, and Tether — CMDSS was chosen to manage the “class 2” through “class 4” cryptocurrencies.d While it could be that the younger Daghita gained privileged information or access to the Marshals’ crypto wallets through his father, it’s not clear how that would have enabled thefts in the months prior to the contract award. I am hopeful that a FOIA request I filed with the Marshals earlier this week will shed some light on that. It’s also curious that many of the assets Lick siphoned from government wallets fall into the “class 1” category, which CMDSS is not involved in managing. The Marshals have declined to comment on the matter, citing ongoing investigations.17

                                        The incident has renewed concerns about the US government’s ability to prudently manage crypto. In 2022, a Department of Justice Inspector General report identified “challenges” in the Marshals’ crypto custody practices, including “lack of comprehensive inventory management” and “inadequate, incomplete, and conflicting policies and procedures”.18 Last year, the Marshals struggled to provide even an estimate of how much crypto they held. An IT contractor who was passed over for a contract with the Marshals explained to CoinDesk, “As far as I’m aware, the USMS is currently managing this with individual keystrokes in an Excel spreadsheet. ... They’re one bad day away from a billion-dollar mistake.”19 Later in 2024, the Marshals disclosed in response to a FOIA request that they held around 28,988 BTC (more than $2.5 billion at today’s prices), though they did not provide an accounting of their other tokens.20 After zachxbt’s allegations, a wallet linked to the thefts launched a “John Daghita” token, with the ticker $LICK, on the pump.fun memecoin launchpad. I couldn’t help but laugh when I read reporting from Cointelegraph that “The deployer of LICK held 40% of the total supply at launch, according to blockchain data visualization platform Bubblemaps, a level of concentration often viewed as a red flag in early-stage token launches.”21 I’m not sure the degree of concentration is really the primary red flag here.

                                        Alt...The incident has renewed concerns about the US government’s ability to prudently manage crypto. In 2022, a Department of Justice Inspector General report identified “challenges” in the Marshals’ crypto custody practices, including “lack of comprehensive inventory management” and “inadequate, incomplete, and conflicting policies and procedures”.18 Last year, the Marshals struggled to provide even an estimate of how much crypto they held. An IT contractor who was passed over for a contract with the Marshals explained to CoinDesk, “As far as I’m aware, the USMS is currently managing this with individual keystrokes in an Excel spreadsheet. ... They’re one bad day away from a billion-dollar mistake.”19 Later in 2024, the Marshals disclosed in response to a FOIA request that they held around 28,988 BTC (more than $2.5 billion at today’s prices), though they did not provide an accounting of their other tokens.20 After zachxbt’s allegations, a wallet linked to the thefts launched a “John Daghita” token, with the ticker $LICK, on the pump.fun memecoin launchpad. I couldn’t help but laugh when I read reporting from Cointelegraph that “The deployer of LICK held 40% of the total supply at launch, according to blockchain data visualization platform Bubblemaps, a level of concentration often viewed as a red flag in early-stage token launches.”21 I’m not sure the degree of concentration is really the primary red flag here.

                                          DieMadColonizer boosted

                                          [?]Molly White » 🌐
                                          @molly0xfff@hachyderm.io

                                          The SEC has dismissed with prejudice an enforcement action against the Winklevoss twins’ Gemini crypto exchange. This comes after the Winklevosses contributed $4.4 million to Trump, backed his sons’ ventures, and committed $21 million to elect pro-Trump, pro-crypto lawmakers.

                                          To date, the SEC has paused, dismissed, or otherwise ended crypto lawsuits or investigations against Aave, Binance, Coinbase, ConsenSys, Crypto​.com, Cumberland DRW, Dragonchain, Gemini (twice), Hex, Immutable, Kraken, Ondoe, OpenSea, PayPal, Ripple, Robinhood, Tron, Uniswap, Yuga Labs, and Zcash.

                                          SEC The SEC has dismissed with prejudice its case against the Winklevoss twins’ Gemini cryptocurrency exchange. Filed in January 2023, the agency alleged that the company had violated securities laws with its Earn program, in which Gemini partnered with the Genesis crypto lender to offer Gemini customers up to 7.4% APY on assets they loaned through Genesis. When Genesis suffered major losses on loans to Three Arrows Capital [W3IGG] and Babel Finance [W3IGG], the company went under, and around $900 million in Gemini customers’ assets were suddenly locked up in bankruptcy proceedings [I17, 18, 42]. Now, the SEC has evidently decided no harm, no foul, stating: “The 100 percent in-kind return of Gemini Earn investors’ crypto assets through the Genesis Bankruptcy and the settlements noted above, and in the exercise of its discretion, the Commission believes the dismissal of the claims against Defendant is appropriate.”26

                                          Alt...SEC The SEC has dismissed with prejudice its case against the Winklevoss twins’ Gemini cryptocurrency exchange. Filed in January 2023, the agency alleged that the company had violated securities laws with its Earn program, in which Gemini partnered with the Genesis crypto lender to offer Gemini customers up to 7.4% APY on assets they loaned through Genesis. When Genesis suffered major losses on loans to Three Arrows Capital [W3IGG] and Babel Finance [W3IGG], the company went under, and around $900 million in Gemini customers’ assets were suddenly locked up in bankruptcy proceedings [I17, 18, 42]. Now, the SEC has evidently decided no harm, no foul, stating: “The 100 percent in-kind return of Gemini Earn investors’ crypto assets through the Genesis Bankruptcy and the settlements noted above, and in the exercise of its discretion, the Commission believes the dismissal of the claims against Defendant is appropriate.”26

                                          While “but we gave the money back” isn’t normally a successful defense (just ask Sam Bankman-Fried), contributing around $4.4 million to Trump’s campaign,27 donating an undisclosed amount to Trump’s ballroom project,28 spending $1 million to be among the first members of the Trump family-run Executive Branch club,29 investing in Donald Trump Jr.’s American Bitcoin venture,30 and committing $22 million to political projects backing pro-Trump crypto advocates in the midterms seems to have gone a long way. The SEC case was paused back in April [I81], and, as I wrote then, “it’s widely understood that these [pauses] mark the end of SEC scrutiny for these companies.” Two months later, as the Winklevoss twins stood behind Trump in the Oval Office as he signed the GENIUS Act stablecoin bill, Trump remarked about the crypto industry: “I got you guys out of so much trouble”. Thanking the Winklevosses specifically, he added: “They’ve got plenty of cash, and it’s great that you’re on our side.” [I89]

                                          Alt...While “but we gave the money back” isn’t normally a successful defense (just ask Sam Bankman-Fried), contributing around $4.4 million to Trump’s campaign,27 donating an undisclosed amount to Trump’s ballroom project,28 spending $1 million to be among the first members of the Trump family-run Executive Branch club,29 investing in Donald Trump Jr.’s American Bitcoin venture,30 and committing $22 million to political projects backing pro-Trump crypto advocates in the midterms seems to have gone a long way. The SEC case was paused back in April [I81], and, as I wrote then, “it’s widely understood that these [pauses] mark the end of SEC scrutiny for these companies.” Two months later, as the Winklevoss twins stood behind Trump in the Oval Office as he signed the GENIUS Act stablecoin bill, Trump remarked about the crypto industry: “I got you guys out of so much trouble”. Thanking the Winklevosses specifically, he added: “They’ve got plenty of cash, and it’s great that you’re on our side.” [I89]

                                          The dismissal of the Gemini Earn enforcement action adds to a long list of crypto-focused cases and investigations that the SEC has paused, dismissed, or otherwise ended. That list also includes: Aave [I99], Binance [I85], Coinbase [I78], ConsenSys [I78], Crypto.com [I81], Cumberland DRW [I79], Dragonchain,31 Gemini (a separate investigation) [I78], Hex [I82], Immutable [I80], Kraken [I79], Ondo Finance [I98], OpenSea [I78], PayPal [I83], Ripple [I80], Robinhood [I78], Tron [I78], Uniswap [I78], Yuga Labs [I79], and the ZCash Foundation [I99].

                                          Alt...The dismissal of the Gemini Earn enforcement action adds to a long list of crypto-focused cases and investigations that the SEC has paused, dismissed, or otherwise ended. That list also includes: Aave [I99], Binance [I85], Coinbase [I78], ConsenSys [I78], Crypto.com [I81], Cumberland DRW [I79], Dragonchain,31 Gemini (a separate investigation) [I78], Hex [I82], Immutable [I80], Kraken [I79], Ondo Finance [I98], OpenSea [I78], PayPal [I83], Ripple [I80], Robinhood [I78], Tron [I78], Uniswap [I78], Yuga Labs [I79], and the ZCash Foundation [I99].

                                            [?]Molly White » 🌐
                                            @molly0xfff@hachyderm.io

                                            The crypto industry’s “educational nonprofit” has also launched an initiative to fund Congressional staff positions after participants go through weeks of “training” on “emerging technologies like crypto, AI, biotech, and defense tech”.

                                            The crypto industry’s “educational nonprofit”, the American Innovation Project [I91, 98], has launched a program to fund Congressional staff positions on the House Financial Services and Agriculture Committees — committees responsible for crypto oversight — after they go through weeks of “training” on “emerging technologies like crypto, AI, biotech, and defense tech”. The program will target young, [begin strikethrough] impressionable [end strikethrough] eager to learn college graduates.

                                            Alt...The crypto industry’s “educational nonprofit”, the American Innovation Project [I91, 98], has launched a program to fund Congressional staff positions on the House Financial Services and Agriculture Committees — committees responsible for crypto oversight — after they go through weeks of “training” on “emerging technologies like crypto, AI, biotech, and defense tech”. The program will target young, [begin strikethrough] impressionable [end strikethrough] eager to learn college graduates.

                                              [?]Molly White » 🌐
                                              @molly0xfff@hachyderm.io

                                              The Fairshake PAC timed a press blitz about the nearly $200 million they’re brandishing towards members of Congress just ahead of a Senate Ag vote on crypto market structure. It passed, and amendments to address Trump’s crypto corruption or prohibit bailouts of crypto firms were shot down.

                                              In Congress The Senate Agriculture Committee quickly voted to advance its version of crypto market structure legislation to the full Senate. The vote split along party lines, with all 12 Republicans voting in support and 11 Democrats voting against. While all committee Democrats ultimately voted against advancing the bill, pro-crypto Democrats Adam Schiff (D-CA) and Cory Booker (D-NJ) both spoke positively of crypto, with Booker gushing about “extraordinary humanity-changing breakthroughs that could give Americans a financial system that is faster, cheaper, and more inclusive”.37 No amendments from Democrats were approved, including ones that would have prohibited elected officials and their family members from profiting from crypto, that would require the CFTC to appoint at least four commissioners,e or that would prohibit bailouts of digital asset issuers.

                                              Alt...In Congress The Senate Agriculture Committee quickly voted to advance its version of crypto market structure legislation to the full Senate. The vote split along party lines, with all 12 Republicans voting in support and 11 Democrats voting against. While all committee Democrats ultimately voted against advancing the bill, pro-crypto Democrats Adam Schiff (D-CA) and Cory Booker (D-NJ) both spoke positively of crypto, with Booker gushing about “extraordinary humanity-changing breakthroughs that could give Americans a financial system that is faster, cheaper, and more inclusive”.37 No amendments from Democrats were approved, including ones that would have prohibited elected officials and their family members from profiting from crypto, that would require the CFTC to appoint at least four commissioners,e or that would prohibit bailouts of digital asset issuers.

                                                [?]Molly White » 🌐
                                                @molly0xfff@hachyderm.io

                                                Amid all this, the crypto industry has amassed at least $315 million to spend in the midterms — more than double their recordbreaking 2024 spending that helped install Trump and members of Congress who either support his atrocities or are too craven to do anything about them.

                                                In elections and political influence Although most of the pro-crypto super PACs are waiting until the January 31 filing deadline to disclose their 2025 fundraising details, Fairshake is previewing its disclosure with a press blitz publicizing their $193 million war chest for the midterms.41 That they can brandish this figure right around when Senators are deciding how to vote on crypto market structure legislation is, from their perspective, fortunate timing. While most other pro-crypto super PACs have yet to submit their disclosures, public statements from the Fellowship PAC, Digital Freedom Fund, and other new crypto super PACs put the industry’s midterm fundraising total at a minimum of $315 million. To put that in perspective: in 2024, the crypto industry’s $133 million in spending surpassed traditional lobbying juggernauts like Big Oil and Big Pharma, making it one of the largest corporate political forces in America. Now they’ve amassed more than double that.

                                                Alt...In elections and political influence Although most of the pro-crypto super PACs are waiting until the January 31 filing deadline to disclose their 2025 fundraising details, Fairshake is previewing its disclosure with a press blitz publicizing their $193 million war chest for the midterms.41 That they can brandish this figure right around when Senators are deciding how to vote on crypto market structure legislation is, from their perspective, fortunate timing. While most other pro-crypto super PACs have yet to submit their disclosures, public statements from the Fellowship PAC, Digital Freedom Fund, and other new crypto super PACs put the industry’s midterm fundraising total at a minimum of $315 million. To put that in perspective: in 2024, the crypto industry’s $133 million in spending surpassed traditional lobbying juggernauts like Big Oil and Big Pharma, making it one of the largest corporate political forces in America. Now they’ve amassed more than double that.

                                                  [?]Molly White » 🌐
                                                  @molly0xfff@hachyderm.io

                                                  The answer, of course, is that they never actually cared about these principles at all. In fact, many of these executives have long made it clear that authoritarianism isn’t just collateral damage in their pursuit of business-boosting deregulation, but a desirable outcome.

                                                  The answer, of course, is that they never actually cared about these principles at all. Anyone who believed they did was dangerously naive. These were marketing slogans and talking points, deployed when convenient to ward off regulation and burnish crypto’s reputation, discarded the moment they might conflict with business interests. The atrocities of Trump’s regime have clearly done nothing to lose crypto’s support: Coinbase, Ripple, and Andreessen Horowitz have each contributed another roughly $25 million apiece to the political machine that installed Trump and bought Congress.9 Gemini’s Winklevoss twins and Kraken have contributed at least $22 million and $2 million, respectively, to new pro-crypto super PACs and dark money groups that are even more explicitly Trump-aligned [I91, 93].a

                                                  Alt...The answer, of course, is that they never actually cared about these principles at all. Anyone who believed they did was dangerously naive. These were marketing slogans and talking points, deployed when convenient to ward off regulation and burnish crypto’s reputation, discarded the moment they might conflict with business interests. The atrocities of Trump’s regime have clearly done nothing to lose crypto’s support: Coinbase, Ripple, and Andreessen Horowitz have each contributed another roughly $25 million apiece to the political machine that installed Trump and bought Congress.9 Gemini’s Winklevoss twins and Kraken have contributed at least $22 million and $2 million, respectively, to new pro-crypto super PACs and dark money groups that are even more explicitly Trump-aligned [I91, 93].a

                                                  Many of these executives have long made it clear that authoritarianism isn’t just collateral damage in their pursuit of business-boosting deregulation, but a desirable outcome. Marc Andreessen, an outspoken Trump supporter, adviser, and recruiter,10 published a 2023 manifesto on “techno-optimism” that explicitly cited as one of its “patron saints” Filippo Tommaso Marinetti — co-author of the Fascist Manifesto that formed the platform for Mussolini. Coinbase and Andreessen Horowitz alum Balaji Srinivasan has promulgated the idea of the “network state”, an autocratic proposal to create tech-governed city-states free from democratic oversight.11 Current Coinbase CEO Brian Armstrong, Andreessen, and the Winklevoss twins have all expressed support for the concept.12 And the Winklevosses have even funded a proposed network state called Praxis, whose CEO rather overtly embraces fascism.13

                                                  Alt...Many of these executives have long made it clear that authoritarianism isn’t just collateral damage in their pursuit of business-boosting deregulation, but a desirable outcome. Marc Andreessen, an outspoken Trump supporter, adviser, and recruiter,10 published a 2023 manifesto on “techno-optimism” that explicitly cited as one of its “patron saints” Filippo Tommaso Marinetti — co-author of the Fascist Manifesto that formed the platform for Mussolini. Coinbase and Andreessen Horowitz alum Balaji Srinivasan has promulgated the idea of the “network state”, an autocratic proposal to create tech-governed city-states free from democratic oversight.11 Current Coinbase CEO Brian Armstrong, Andreessen, and the Winklevoss twins have all expressed support for the concept.12 And the Winklevosses have even funded a proposed network state called Praxis, whose CEO rather overtly embraces fascism.13

                                                    [?]Molly White » 🌐
                                                    @molly0xfff@hachyderm.io

                                                    For years, crypto executives have touted cryptocurrency’s supposed anti-authoritarian and human rights credentials. But where are they when their beloved president claims Alex Pretti’s lawful gun ownership justified his killing, or when ICE leaders tell subordinates to enter homes without warrants?

                                                    For years, crypto executives have touted cryptocurrency’s supposed anti-authoritarian and humanitarian credentials — whether to fend off regulators or convince the public that crypto has viable use cases beyond speculation. The technology is necessary and good, they claim, because it could support dissidents living under authoritarian regimes, help persecuted groups escape their oppressors, shield people from surveillance, or somehow inherently protect citizens from government overreach. Many of them spent years posting piously about the importance of due process and protection from abuses of power, or shared quotes from Martin Luther King Jr. and Frederick Douglass about freedom.

                                                    Alt...For years, crypto executives have touted cryptocurrency’s supposed anti-authoritarian and humanitarian credentials — whether to fend off regulators or convince the public that crypto has viable use cases beyond speculation. The technology is necessary and good, they claim, because it could support dissidents living under authoritarian regimes, help persecuted groups escape their oppressors, shield people from surveillance, or somehow inherently protect citizens from government overreach. Many of them spent years posting piously about the importance of due process and protection from abuses of power, or shared quotes from Martin Luther King Jr. and Frederick Douglass about freedom.

                                                    “We will hold governments accountable if we see bad activity, to protect your rights.” Coinbase CEO Brian Armstrong, May 2025 “I stand for human rights and believe that evil prevails when good men do nothing.” Kraken founder and chairman Jesse Powell, February 2022 “It's also hard to believe how some people want to make justice a political issue. It’s a human rights and dignity issue.” Gemini co-founder and president Tyler Winklevoss, June 2020 “It’s interesting to see who is standing up in favor of unlimited, unaccountable, un-appeal-able, unconstitutional power wielded by unelected bureaucrats and rogue politicians.” Andreessen Horowitz general partner Marc Andreessen, December 2024 “Freedom of all kinds is worth fighting for - economic, speech, due process, etc.” Coinbase CEO Brian Armstrong, May 202

                                                    Alt...“We will hold governments accountable if we see bad activity, to protect your rights.” Coinbase CEO Brian Armstrong, May 2025 “I stand for human rights and believe that evil prevails when good men do nothing.” Kraken founder and chairman Jesse Powell, February 2022 “It's also hard to believe how some people want to make justice a political issue. It’s a human rights and dignity issue.” Gemini co-founder and president Tyler Winklevoss, June 2020 “It’s interesting to see who is standing up in favor of unlimited, unaccountable, un-appeal-able, unconstitutional power wielded by unelected bureaucrats and rogue politicians.” Andreessen Horowitz general partner Marc Andreessen, December 2024 “Freedom of all kinds is worth fighting for - economic, speech, due process, etc.” Coinbase CEO Brian Armstrong, May 202

                                                    And yet now these voices are silent on the authoritarianism unfolding before us. Where are their defenses of the Constitution when the president claims Pretti’s lawful gun ownership justified his killing,6 or when ICE leaders tell subordinates to enter homes without warrants?7 Where are their warnings about surveillance states now that ICE is photographing protesters for their “domestic terrorist” lists and Palantir is contracted by the government to build databases of people living in the US they can target for raids?8 In 2022, they were incensed when Canadian authorities froze bank accounts belonging to truckers protesting vaccine mandates (and delighted for the opportunity to promote crypto as an alternative funding mechanism) — but now, when ICE agents murder bystanders and invent pretexts that footage shows are false, where is the righteous outcry against state violence towards those exercising their right to protest?

                                                    Alt...And yet now these voices are silent on the authoritarianism unfolding before us. Where are their defenses of the Constitution when the president claims Pretti’s lawful gun ownership justified his killing,6 or when ICE leaders tell subordinates to enter homes without warrants?7 Where are their warnings about surveillance states now that ICE is photographing protesters for their “domestic terrorist” lists and Palantir is contracted by the government to build databases of people living in the US they can target for raids?8 In 2022, they were incensed when Canadian authorities froze bank accounts belonging to truckers protesting vaccine mandates (and delighted for the opportunity to promote crypto as an alternative funding mechanism) — but now, when ICE agents murder bystanders and invent pretexts that footage shows are false, where is the righteous outcry against state violence towards those exercising their right to protest?

                                                      BrianKrebs boosted

                                                      [?]Molly White » 🌐
                                                      @molly0xfff@hachyderm.io

                                                      As ICE terrorizes communities, crypto executives who spent years posting about freedom have gone conspicuously silent. But behind the scenes, they’ve contributed at least $315 million — more than double their record 2024 spending — to elect more lawmakers to enable this administration.

                                                      citationneeded.news/issue-100/

                                                        [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                        @cryptadamist@universeodon.com

                                                        we live in an age where the same grifters who launch "" that collapse (more or less defrauding their investors in the process) are completely unashamed about attacking Bernie Sanders and Somalian day care centres on social media for "fraud"

                                                        (they also love to use the money they managed to defraud their customers for to fund candidates all over the country)

                                                        Edward Moma Realizing my $10k is only worth $7.4k now. 1 deposited 10k USDC and swapped them to 10k sUSD for the trading compton actuitaded SUSD has depegged and trades at $0.75 now. Barely any talk on CT. Wtf is that shit?

                                                        Alt... Edward Moma Realizing my $10k is only worth $7.4k now. 1 deposited 10k USDC and swapped them to 10k sUSD for the trading compton actuitaded SUSD has depegged and trades at $0.75 now. Barely any talk on CT. Wtf is that shit?

                                                        @kaiynne How about we start taxing Somalian day care centres first. Start with a 150% tax and see how that goes 8. = Bernie Sanders £2 @BernieSanders - Dec 29, 2025 Why would corporations like Amazon replace workers with robots? Pretty simple. Robots don’t need a wage, health care, time off, sick leave, Social Security, Medicare or unemployment benefits... 8:54 PM - Dec 29, 2025 - 43.2K Views

                                                        Alt... @kaiynne How about we start taxing Somalian day care centres first. Start with a 150% tax and see how that goes 8. = Bernie Sanders £2 @BernieSanders - Dec 29, 2025 Why would corporations like Amazon replace workers with robots? Pretty simple. Robots don’t need a wage, health care, time off, sick leave, Social Security, Medicare or unemployment benefits... 8:54 PM - Dec 29, 2025 - 43.2K Views

                                                          [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                          @cryptadamist@universeodon.com

                                                          apparently the child of a contractor hired by the U.S. government to manage crypto seized from criminals managed to steal $40-100 million dollars from the government and no one even noticed.

                                                          until, that is, the lure of flexing on the internet proved too much for him (full name John Daghita AKA “Lick”) and he posted a screenshot showing off his money that revealed his crypto address, which was able to link to the stolen funds.

                                                          just incredible stuff.

                                                          thread: x.com/zachxbt/status/201543054

                                                          In case you are curious how John Daghita (Lick) was able to steal $40M+ from US government seizure addresses. John’s dad owns CMDSS, which currently has an active IT government contract in Virginia. CMMDS was awarded a contract to assist the USMS in managing/disposing of seized/forfeited crypto assets. It still remains unclear at this point how John obtained access from his dad.

                                                          Alt...In case you are curious how John Daghita (Lick) was able to steal $40M+ from US government seizure addresses. John’s dad owns CMDSS, which currently has an active IT government contract in Virginia. CMMDS was awarded a contract to assist the USMS in managing/disposing of seized/forfeited crypto assets. It still remains unclear at this point how John obtained access from his dad.

                                                            Nonya Bidniss boosted

                                                            [?]Molly White » 🌐
                                                            @molly0xfff@hachyderm.io

                                                            House Oversight Democrats have published a Web3 is Going Great-style “Trump Family Digital Grift” counter
                                                            oversightdemocrats.house.gov/t

                                                            This goes with their recent staff report, “Professionalized Corruption: How Donald Trump is abusing power and accepting digital kickbacks from foreign and criminal interests to cash in on the presidency like never before”

                                                            oversightdemocrats.house.gov/i

                                                            (The report cites my writing on Trump’s USD1 stablecoin, published here: citationneeded.news/issue-83/#)

                                                            Trump Family Digital Grift Profits $2,255,399,364.28 Total Trump Family Digital Grift Wealth $8,712,974,364.28 Trump Family Digital Grift Profits from Foreign Interests $437,004,026.96 While Americans struggle to buy groceries and pay rent, Donald Trump is making his family richer through digital grift schemes— collecting profits through digital wallets and granting pardons to the highest bidders. While Trump and his family are using the White House to make billions, we are tracking every cent. As of January 2026, our Committee’s analysis shows that these schemes have contributed to an estimated $2.25 billion in realized profits for Trump from foreign payments, corrupt oligarchs, and others. This total rises to as much as $9.7 billion when the value of Trump’s digital assets is factored in, with as much as $436 million coming from foreign interests. President Trump should be serving the American people—not his own pockets.

                                                            Alt...Trump Family Digital Grift Profits $2,255,399,364.28 Total Trump Family Digital Grift Wealth $8,712,974,364.28 Trump Family Digital Grift Profits from Foreign Interests $437,004,026.96 While Americans struggle to buy groceries and pay rent, Donald Trump is making his family richer through digital grift schemes— collecting profits through digital wallets and granting pardons to the highest bidders. While Trump and his family are using the White House to make billions, we are tracking every cent. As of January 2026, our Committee’s analysis shows that these schemes have contributed to an estimated $2.25 billion in realized profits for Trump from foreign payments, corrupt oligarchs, and others. This total rises to as much as $9.7 billion when the value of Trump’s digital assets is factored in, with as much as $436 million coming from foreign interests. President Trump should be serving the American people—not his own pockets.

                                                              [?]Molly White » 🌐
                                                              @molly0xfff@hachyderm.io

                                                              The SEC is in a similar situation, having just lost its last Democratic and crypto-cautious Commissioner, Caroline Crenshaw. In her last speech as a Commissioner she warned of “dire repercussions” from the SEC’s deregulatory pivot, drawing comparisons to the period prior to the Great Depression.

                                                              Trump’s strategy to control the regulators is also playing out over at the SEC, where the single remaining Democratic and crypto-cautious Commissioner Caroline Crenshaw has departed after her renomination vote was canceled in December 2024 after complaints from the crypto industry.22 In her last speech, she expressed concern that the SEC is “shrouding its policymaking in darkness, shunning public comments and, instead, relying on hidden voices to drive its agenda.”22 She summarized the past year: “The appetite to deregulate has been rapacious; the analysis of the costs and benefits of our policies has been non-existent; and, the repercussions, I would argue, could be dire. We live in an echo chamber where politicians and policymakers make their own truth through repetition. But, the markets have a way of correcting themselves—not always immediately, but over time. So, I think the true advisability of these policies will reveal themselves eventually. I certainly wouldn’t be alone in analogizing the trend toward deregulation in the current environment to the period prior to the stock market crash in 1929.”

                                                              Alt...Trump’s strategy to control the regulators is also playing out over at the SEC, where the single remaining Democratic and crypto-cautious Commissioner Caroline Crenshaw has departed after her renomination vote was canceled in December 2024 after complaints from the crypto industry.22 In her last speech, she expressed concern that the SEC is “shrouding its policymaking in darkness, shunning public comments and, instead, relying on hidden voices to drive its agenda.”22 She summarized the past year: “The appetite to deregulate has been rapacious; the analysis of the costs and benefits of our policies has been non-existent; and, the repercussions, I would argue, could be dire. We live in an echo chamber where politicians and policymakers make their own truth through repetition. But, the markets have a way of correcting themselves—not always immediately, but over time. So, I think the true advisability of these policies will reveal themselves eventually. I certainly wouldn’t be alone in analogizing the trend toward deregulation in the current environment to the period prior to the stock market crash in 1929.”

                                                                [?]Molly White » 🌐
                                                                @molly0xfff@hachyderm.io

                                                                The Senate has confirmed the CFTC’s new Chairman, Michael Selig. He has very minimal regulatory experience, and is now the only Commissioner on what is supposed to be a five-person bipartisan Commission.

                                                                The CFTC has a new Chairman now that the Senate has confirmed Michael Selig. Selig’s background is primarily in private practice representing crypto clients like Paradigm and eToro.20 In 2025, he briefly served as chief counsel for the SEC’s crypto task force, but besides that, Selig has extremely minimal regulatory experience — particularly in the many non-crypto markets the CFTC is expected to regulate. Selig is also the only commissioner at the normally five-person CFTC, as Trump has seized control of regulators by appointing his own loyalists without appointing replacements for departing commissioners. Acting Chair Caroline Pham had previously announced she planned to leave when a chairman was appointed, and she has followed through on that promise. She immediately rocketed through the revolving door right into the lap of the crypto firm MoonPay, where she is now chief legal and administrative officer.21 You might recognize MoonPay as a frequent Trump crypto partner, helping process payments for both the $TRUMP memecoin and for Melania Trump’s 2021 NFT projects. You also might remember that they snagged that lucrative Trump memecoin partnership only weeks after attempting to make a $250,000 contribution to Trump’s inaugural committee, but got scammed instead [I88].

                                                                Alt...The CFTC has a new Chairman now that the Senate has confirmed Michael Selig. Selig’s background is primarily in private practice representing crypto clients like Paradigm and eToro.20 In 2025, he briefly served as chief counsel for the SEC’s crypto task force, but besides that, Selig has extremely minimal regulatory experience — particularly in the many non-crypto markets the CFTC is expected to regulate. Selig is also the only commissioner at the normally five-person CFTC, as Trump has seized control of regulators by appointing his own loyalists without appointing replacements for departing commissioners. Acting Chair Caroline Pham had previously announced she planned to leave when a chairman was appointed, and she has followed through on that promise. She immediately rocketed through the revolving door right into the lap of the crypto firm MoonPay, where she is now chief legal and administrative officer.21 You might recognize MoonPay as a frequent Trump crypto partner, helping process payments for both the $TRUMP memecoin and for Melania Trump’s 2021 NFT projects. You also might remember that they snagged that lucrative Trump memecoin partnership only weeks after attempting to make a $250,000 contribution to Trump’s inaugural committee, but got scammed instead [I88].

                                                                  [?]Molly White » 🌐
                                                                  @molly0xfff@hachyderm.io

                                                                  The Trump family’s World Liberty Financial crypto project has applied for a national trust bank charter. If approved, the Comptroller of the Currency — who serves at the pleasure of the President — will be expected to enforce the law against Trump’s own company and its competitors.

                                                                  The Trump family’s World Liberty Financial crypto company has announced that they have applied for a national trust bank charter with the Office of the Comptroller of the Currency, through a proposed entity called World Liberty Trust Company. Senator Elizabeth Warren quickly sent a letter to Comptroller of the Currency Jonathan Gould to urge him to delay the review of World Liberty Financial’s application “until President Trump divests from WLF and eliminates all financial conflicts of interest involving himself or his family and the company.” She wrote:27 “If the application is approved, you would promulgate rules that influence the profitability of the President’s company. You would also be responsible for directly supervising and enforcing the law against the President’s company—and its competitors. You would be in charge of these functions while serving at the pleasure of the President. In effect, for the first time in history, the President of the United States would be in charge of overseeing his own financial company.”

                                                                  Alt...The Trump family’s World Liberty Financial crypto company has announced that they have applied for a national trust bank charter with the Office of the Comptroller of the Currency, through a proposed entity called World Liberty Trust Company. Senator Elizabeth Warren quickly sent a letter to Comptroller of the Currency Jonathan Gould to urge him to delay the review of World Liberty Financial’s application “until President Trump divests from WLF and eliminates all financial conflicts of interest involving himself or his family and the company.” She wrote:27 “If the application is approved, you would promulgate rules that influence the profitability of the President’s company. You would also be responsible for directly supervising and enforcing the law against the President’s company—and its competitors. You would be in charge of these functions while serving at the pleasure of the President. In effect, for the first time in history, the President of the United States would be in charge of overseeing his own financial company.”

                                                                    [?]Molly White » 🌐
                                                                    @molly0xfff@hachyderm.io

                                                                    Trump has claimed “the leaker” has been jailed, seemingly referring to a group of wallets that made large profits from Polymarket bets with apparent advance knowledge of US military action against Venezuela. One such wallet profited around $410,000.

                                                                    In prediction markets After the US military kidnapped Venezuelan President Nicolás Maduro, observers were quick to notice that several Polymarket accounts had all placed large bets on a market pertaining to whether Maduro would be removed from power by the end of January, and other Venezuela-related markets. One account began placing bets in late December, and continued to add thousands of dollars to its positions right up to the day Maduro’s capture was announced, ultimately purchasing $32,000 in shares. The trader profited $410,000 when their predictions came to pass, leading many to believe they had access to inside information.29

                                                                    Alt...In prediction markets After the US military kidnapped Venezuelan President Nicolás Maduro, observers were quick to notice that several Polymarket accounts had all placed large bets on a market pertaining to whether Maduro would be removed from power by the end of January, and other Venezuela-related markets. One account began placing bets in late December, and continued to add thousands of dollars to its positions right up to the day Maduro’s capture was announced, ultimately purchasing $32,000 in shares. The trader profited $410,000 when their predictions came to pass, leading many to believe they had access to inside information.29

                                                                    Table of closed Polymarket bets Maduro out by January 31, 2026? 436,759.6 Yes at 7¢ Total bet $32,537.28 Amount won $436,759.61 $404,222.33 (1,242.34%) Trump invokes War Powers against Venezuela by January 31? 5,371.7 Yes at 5¢ Total bet $249.99 Amount won $2,714.64 $2,464.65 (985.91%) Market icon Will the U.S. invade Venezuela by January 31, 2026? 17,857.9 Yes at 6¢ Total bet $999.99 Amount won $3,143.26 $2,143.27 (214.33%) US forces in Venezuela by January 31, 2026? 1,197.8 Yes at 12¢ Total bet $146.00 Amount won $1,197.77 $1,051.78 (720.4%)

                                                                    Alt...Table of closed Polymarket bets Maduro out by January 31, 2026? 436,759.6 Yes at 7¢ Total bet $32,537.28 Amount won $436,759.61 $404,222.33 (1,242.34%) Trump invokes War Powers against Venezuela by January 31? 5,371.7 Yes at 5¢ Total bet $249.99 Amount won $2,714.64 $2,464.65 (985.91%) Market icon Will the U.S. invade Venezuela by January 31, 2026? 17,857.9 Yes at 6¢ Total bet $999.99 Amount won $3,143.26 $2,143.27 (214.33%) US forces in Venezuela by January 31, 2026? 1,197.8 Yes at 12¢ Total bet $146.00 Amount won $1,197.77 $1,051.78 (720.4%)

                                                                    Days later, Representative Ritchie Torres (D-NY) introduced a bill seeking to prohibit elected officials and other politicians and staff from participating in prediction markets connected to “government policy, government action, or political outcomes” when they possess or could obtain inside information.30 Then, on January 14, Trump said in a press conference that “The leaker [on Venezuela] has been found and is in jail right now” and would likely face a long sentence. He also noted that “there could be some others”.31 The identity of the leaker, how they gained access to sensitive information, and whether they were also the person who placed the bet has not been disclosed, nor has the charge on which they’ve been jailed.

                                                                    Alt...Days later, Representative Ritchie Torres (D-NY) introduced a bill seeking to prohibit elected officials and other politicians and staff from participating in prediction markets connected to “government policy, government action, or political outcomes” when they possess or could obtain inside information.30 Then, on January 14, Trump said in a press conference that “The leaker [on Venezuela] has been found and is in jail right now” and would likely face a long sentence. He also noted that “there could be some others”.31 The identity of the leaker, how they gained access to sensitive information, and whether they were also the person who placed the bet has not been disclosed, nor has the charge on which they’ve been jailed.

                                                                      [?]Molly White » 🌐
                                                                      @molly0xfff@hachyderm.io

                                                                      Former NYC Mayor Eric Adams is fending off rug pull allegations after a wallet connected to his “NYC Token” project extracted almost $1 million in liquidity less than an hour after launch, crashing the token price.

                                                                      Former New York City Mayor Eric Adams launched “NYC Token”: half memecoin, half social experiment to determine how many glaring red flags you can stuff into one pitch and still convince people to buy. A figurehead who Trump had to rescue from federal bribery and corruption charges: check. An unidentified team running the project: check. Massive quantity of tokens to be held back in “reserve” with no details around custody, access control, or planned use: check. Pointers to documentation that doesn’t exist: check.c Lofty and numerous promises — educating kids about crypto, combatting “antisemitism” and “anti-Americanism” in NYC, and providing financial aid to students seeking higher education — with no specifics whatsoever about how they will fulfill them: check.

                                                                      Alt...Former New York City Mayor Eric Adams launched “NYC Token”: half memecoin, half social experiment to determine how many glaring red flags you can stuff into one pitch and still convince people to buy. A figurehead who Trump had to rescue from federal bribery and corruption charges: check. An unidentified team running the project: check. Massive quantity of tokens to be held back in “reserve” with no details around custody, access control, or planned use: check. Pointers to documentation that doesn’t exist: check.c Lofty and numerous promises — educating kids about crypto, combatting “antisemitism” and “anti-Americanism” in NYC, and providing financial aid to students seeking higher education — with no specifics whatsoever about how they will fulfill them: check.

                                                                      With all those red flags flapping in the wind, it’s perhaps no surprise that the token launch quickly turned into disaster [W3IGG]. Almost immediately after the token was launched, the project’s liquidity providerd withdrew more than $2.4 million in USDC from the one-sided liquidity pool,e causing the token price to plummet by about 85%. Though the project team later claimed they had been “rebalanc[ing]” liquidity, they only returned $1.5 million to the liquidity pool, with more than $900,000 of it left sitting in the LP wallet. That same wallet then began making automated purchases of $NYC every minute, which the team claimed is part of a TWAP (time-weighted average price) buying strategy. This is a strange explanation that doesn’t address why the third-party liquidity was withdrawn, why it was only partially returned, or why the remaining USDC is now being used in a way that seems intended to create the appearance of sustained demand without any new money actually coming in.

                                                                      Alt...With all those red flags flapping in the wind, it’s perhaps no surprise that the token launch quickly turned into disaster [W3IGG]. Almost immediately after the token was launched, the project’s liquidity providerd withdrew more than $2.4 million in USDC from the one-sided liquidity pool,e causing the token price to plummet by about 85%. Though the project team later claimed they had been “rebalanc[ing]” liquidity, they only returned $1.5 million to the liquidity pool, with more than $900,000 of it left sitting in the LP wallet. That same wallet then began making automated purchases of $NYC every minute, which the team claimed is part of a TWAP (time-weighted average price) buying strategy. This is a strange explanation that doesn’t address why the third-party liquidity was withdrawn, why it was only partially returned, or why the remaining USDC is now being used in a way that seems intended to create the appearance of sustained demand without any new money actually coming in.

                                                                      Since then, Adams has been fighting off allegations that he “rug pulled” the token. It seems too early to tell on that front, as the unaccounted funds are still sitting in the crypto wallet — perhaps to be restored to the liquidity pool, or perhaps to be withdrawn once whoever controls the wallet thinks attention has moved elsewhere. Some have speculated that this was all a way for Adams to surreptitiously accept belated bribes, I guess by having a would-be briber purchase a large amount of the token, and then extracting the funds as we saw. This is certainly possible, I suppose — there are some wallets that spent tens or even hundreds of thousands of dollars to purchase the token. But with Adams out of office and no longer needing to file disclosures, I don’t see why he’d go about it this way rather than just quietly creating a wallet and having people transfer crypto to him directly. Neither Adams nor the NYC Token team responded to questions about the removal of liquidity, the automated buying strategy, or details about the token, its team, or its plans to follow through on its promises. However, shortly after I sent the questions, the automated token buys stopped.

                                                                      Alt...Since then, Adams has been fighting off allegations that he “rug pulled” the token. It seems too early to tell on that front, as the unaccounted funds are still sitting in the crypto wallet — perhaps to be restored to the liquidity pool, or perhaps to be withdrawn once whoever controls the wallet thinks attention has moved elsewhere. Some have speculated that this was all a way for Adams to surreptitiously accept belated bribes, I guess by having a would-be briber purchase a large amount of the token, and then extracting the funds as we saw. This is certainly possible, I suppose — there are some wallets that spent tens or even hundreds of thousands of dollars to purchase the token. But with Adams out of office and no longer needing to file disclosures, I don’t see why he’d go about it this way rather than just quietly creating a wallet and having people transfer crypto to him directly. Neither Adams nor the NYC Token team responded to questions about the removal of liquidity, the automated buying strategy, or details about the token, its team, or its plans to follow through on its promises. However, shortly after I sent the questions, the automated token buys stopped.

                                                                      Meanwhile, Edward Cullen — whose Innovate NY PAC spent nearly $100,000 on AI-generated flyers and other materials to back Andrew Cuomo last October after his last-minute crypto industry appeal — is back. Cullen claims that he pitched the NYC Token idea to Adams last year, and that Adams stole it from him, then “butchered” it for “short-term gain”. Cullen is now threatening to sue, although I’m not sure on what grounds.40

                                                                      Alt...Meanwhile, Edward Cullen — whose Innovate NY PAC spent nearly $100,000 on AI-generated flyers and other materials to back Andrew Cuomo last October after his last-minute crypto industry appeal — is back. Cullen claims that he pitched the NYC Token idea to Adams last year, and that Adams stole it from him, then “butchered” it for “short-term gain”. Cullen is now threatening to sue, although I’m not sure on what grounds.40

                                                                        [?]Molly White » 🌐
                                                                        @molly0xfff@hachyderm.io

                                                                        But Coinbase’s flex may have caused something of a power struggle with the White House. “This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” said a source close to the Trump administration.

                                                                        This brazen display seems to have caused something of a power struggle between Coinbase and President Trump, who was reportedly infuriated by Coinbase’s surprise “rug pull”. “This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” a source close to the Trump administration told journalist Eleanor Terrett, adding that the White House was considering yanking its support for the bill if Coinbase can’t come up with a satisfactory compromise proposal on stablecoin yield.13 Armstrong later objected to Terrett’s reporting, claiming “The White House has been super constructive here”, but confirming that the White House had directed Coinbase to “go figure out a deal with the banks”.14

                                                                        Alt...This brazen display seems to have caused something of a power struggle between Coinbase and President Trump, who was reportedly infuriated by Coinbase’s surprise “rug pull”. “This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” a source close to the Trump administration told journalist Eleanor Terrett, adding that the White House was considering yanking its support for the bill if Coinbase can’t come up with a satisfactory compromise proposal on stablecoin yield.13 Armstrong later objected to Terrett’s reporting, claiming “The White House has been super constructive here”, but confirming that the White House had directed Coinbase to “go figure out a deal with the banks”.14

                                                                          [?]Molly White » 🌐
                                                                          @molly0xfff@hachyderm.io

                                                                          The crypto lobby wrote their dream bill. Senators proposed some amendments. Coinbase tweeted their disapproval, and Senate Banking Chair Tim Scott immediately canceled the markup. When you spend $130M, you expect to get exactly what you want.

                                                                          Last Wednesday afternoon, Coinbase withdrew its support for the Senate’s draft market structure bill, citing concerns about limits on tokenized stocks and stablecoin rewards, burdensome requirements for defi protocols, and excessive authority granted to the SEC.1 Within hours, Senate Banking Committee Chair Tim Scott (R-SC) canceled the markup hearing scheduled for the following day.

                                                                          Alt...Last Wednesday afternoon, Coinbase withdrew its support for the Senate’s draft market structure bill, citing concerns about limits on tokenized stocks and stablecoin rewards, burdensome requirements for defi protocols, and excessive authority granted to the SEC.1 Within hours, Senate Banking Committee Chair Tim Scott (R-SC) canceled the markup hearing scheduled for the following day.

                                                                          While mainstream news sources are often hesitant to draw cause and effect between two suspiciously timed events, it was too overt even for them, with the New York Times writing that Coinbase had “scuttled” the vote.2 Coinbase further emphasized its degree of control over the Senate when CEO Brian Armstrong stated in an interview with CNBC, “We’ve got a chance to do a new draft and hopefully get back into a markup in a few weeks” — speaking as if Coinbase, not Congress, controlled both the drafting process and legislative calendar.

                                                                          Alt...While mainstream news sources are often hesitant to draw cause and effect between two suspiciously timed events, it was too overt even for them, with the New York Times writing that Coinbase had “scuttled” the vote.2 Coinbase further emphasized its degree of control over the Senate when CEO Brian Armstrong stated in an interview with CNBC, “We’ve got a chance to do a new draft and hopefully get back into a markup in a few weeks” — speaking as if Coinbase, not Congress, controlled both the drafting process and legislative calendar.

                                                                          This is nothing new — just the latest demonstration of the crypto industry’s power over Congress after it spent over $130 million installing allies in the 2024 election. Within weeks, House Agriculture Committee Chair GT Thompson (R-PA) made the new power dynamic explicit when he said how crypto legislation was being drafted in “tripartisan” fashion, with the crypto industry forming the new third political wing of Congress [I76].

                                                                          Alt...This is nothing new — just the latest demonstration of the crypto industry’s power over Congress after it spent over $130 million installing allies in the 2024 election. Within weeks, House Agriculture Committee Chair GT Thompson (R-PA) made the new power dynamic explicit when he said how crypto legislation was being drafted in “tripartisan” fashion, with the crypto industry forming the new third political wing of Congress [I76].

                                                                          In an alternate universe, Congress might be focused on passing laws that don’t elevate the interests of corporations and oligarchs above the everyman. Ones that ensure the stability of the American financial system, protect consumers, address officeholder ethics concerns, and prevent financial crimes. Sadly, in this universe, lawmakers are primarily concerned with satisfying the demands of their newest and most generous campaign contributors. Senate Banking Ranking Member Elizabeth Warren (D-MA) told Politico, “These are folks who think that when they’ve bought themselves a Congress, then they expect it to behave the way they say.”3 After a year of this Congress, it would be hard to argue they’re wrong.

                                                                          Alt...In an alternate universe, Congress might be focused on passing laws that don’t elevate the interests of corporations and oligarchs above the everyman. Ones that ensure the stability of the American financial system, protect consumers, address officeholder ethics concerns, and prevent financial crimes. Sadly, in this universe, lawmakers are primarily concerned with satisfying the demands of their newest and most generous campaign contributors. Senate Banking Ranking Member Elizabeth Warren (D-MA) told Politico, “These are folks who think that when they’ve bought themselves a Congress, then they expect it to behave the way they say.”3 After a year of this Congress, it would be hard to argue they’re wrong.

                                                                            Flipboard Tech Desk boosted

                                                                            [?]Molly White » 🌐
                                                                            @molly0xfff@hachyderm.io

                                                                            Newsletter: Coinbase calls the shots in the Senate, former New York City Mayor Eric Adams faces rug pull allegations, and a crypto executive is breaking up with Trump

                                                                            citationneeded.news/issue-99/

                                                                              [?]Molly White » 🌐
                                                                              @molly0xfff@hachyderm.io

                                                                              how magnanimous of him

                                                                              Headline:&nbsp;Coinbase CEO says key crypto vote can be rescheduled after 11th hour cancellation

                                                                              Alt...Headline:&nbsp;Coinbase CEO says key crypto vote can be rescheduled after 11th hour cancellation

                                                                              “We’ve got a chance to do a new draft and hopefully get back into a markup in a few weeks,” Armstrong said.

                                                                              Alt...“We’ve got a chance to do a new draft and hopefully get back into a markup in a few weeks,” Armstrong said.

                                                                                [?]R. Scott (i47i) :freebsd_logo: » 🌐
                                                                                @i47i@hachyderm.io

                                                                                The crypto industry's bet on Trump is collapsing in real time.

                                                                                Charles Hoskinson—Ethereum co-founder and Cardano creator who vocally supported Trump in 2024—now says Trump made US crypto "worse than under Biden." He's demanding Trump's crypto czar resign and claims he personally lost $2.5B.

                                                                                What happened?
                                                                                • Trump's $TRUMP memecoin crashed 80%, destroying bipartisan support for legislation
                                                                                • The CLARITY Act (crypto's key regulatory bill) is stalled in Senate
                                                                                • Most crypto tokens fell 40-50% since Trump took office
                                                                                • Record government shutdown paralyzed Congressional work

                                                                                The irony: crypto leaders courted Trump expecting a boom. Instead they got memecoins, political toxicity, and legislative gridlock.

                                                                                Hoskinson's assessment is devastating: "We thought the government would pump our bags. Instead they pulled a rugpull scam on us."

                                                                                @molly0xfff has been tracking crypto's Trump pivot—and now the retreat: hachyderm.io/@molly0xfff/11381

                                                                                Sources:
                                                                                📰 benzinga.com/crypto/cryptocurr

                                                                                📰 livebitcoinnews.com/cardano-fo

                                                                                📰 coindesk.com/news-analysis/202

                                                                                📰 cnbc.com/2026/01/11/crypto-law

                                                                                  [?]Molly White » 🌐
                                                                                  @molly0xfff@hachyderm.io

                                                                                  I've mentioned this before, but one thing I've been closely watching for is when crypto people begin to distance themselves from Trump.

                                                                                  November 2024 vs. January 2026

                                                                                  &nbsp;Cardano founder Charles Hoskinson has also clearly been trying to woo Trump, claiming very shortly after the election that he was “going to be spending quite a bit of time working with lawmakers in Washington DC and quite a bit of time with members of the administration to help foster and facilitate with other key leaders in industry the crypto policy”.6&nbsp;While he has continued to boast vaguely about meetings with various influential figures, winkingly describing a “VIP dinner” where “diet coke will certainly be on [the menu]”, there’s been little outside confirmation that he’s had much access to the Trump administration.&nbsp;

                                                                                  Alt...&nbsp;Cardano founder Charles Hoskinson has also clearly been trying to woo Trump, claiming very shortly after the election that he was “going to be spending quite a bit of time working with lawmakers in Washington DC and quite a bit of time with members of the administration to help foster and facilitate with other key leaders in industry the crypto policy”.6&nbsp;While he has continued to boast vaguely about meetings with various influential figures, winkingly describing a “VIP dinner” where “diet coke will certainly be on [the menu]”, there’s been little outside confirmation that he’s had much access to the Trump administration.&nbsp;

                                                                                  Cardano creator Charles Hoskinson said U.S. President Donald Trump's administration has put the American crypto industry in a worse position than it was under Trump's predecessor, former President Joe Biden.

                                                                                  Alt...Cardano creator Charles Hoskinson said U.S. President Donald Trump's administration has put the American crypto industry in a worse position than it was under Trump's predecessor, former President Joe Biden.

                                                                                    Glyph boosted

                                                                                    [?]Molly White » 🌐
                                                                                    @molly0xfff@hachyderm.io

                                                                                    “WAGMI” — we're all gonna make it — was crypto's 2021 rallying cry. But those with wealth and power knew it was a lie, and that “all” just meant them. My latest traces the last five years from hype to technoligarchy — and why they're not all gonna make it either.

                                                                                    citationneeded.news/the-year-o

                                                                                      [?]Japan Pop News » 🌐
                                                                                      @news@wakoka.com

                                                                                      wacoca.com/news/2736869/ 【1/5話題】英国で暗号資産の国際報告ルール施行、メタプラネットが10月ぶりにビットコイン追加購入など（音声ニュース） | あたらしい経済

                                                                                      【1/5話題】英国で暗号資産の国際報告ルール施行、メタプラネットが10月ぶりにビットコイン追加購入など（音声ニュース） | あたらしい経済

                                                                                      Alt...【1/5話題】英国で暗号資産の国際報告ルール施行、メタプラネットが10月ぶりにビットコイン追加購入など（音声ニュース） | あたらしい経済

                                                                                        [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                                                        @cryptadamist@universeodon.com

                                                                                        , king of the "borrow money to buy " bros, is about to announce a fourth quarter loss of over $17 billion which will rank among the largest quarterly losses ever recorded in american business history.

                                                                                        tweet by michael saylor from May 2025: "No one has ever lost money buying bitcion"

                                                                                        Alt...tweet by michael saylor from May 2025: "No one has ever lost money buying bitcion"

                                                                                          [?]Molly White » 🌐
                                                                                          @molly0xfff@hachyderm.io

                                                                                          Following hundreds of victim impact statements from people describing how their lives were ruined in the $40 billion Terra implosion in 2022, Do Kwon has been sentenced to fifteen years in prison. He may also serve additional time if sentenced in his home country of South Korea.

                                                                                          In the courts Do Kwon Do Kwon, founder of the collapsed Terra/Luna project, has been sentenced to fifteen years in prison — three more than the twelve years sought by prosecutors1a and well above the five requested by his defense.2 Judge Paul Engelmayer said the upward variance reflected the scale of Kwon’s fraud — both monetarily and in its more than one million victims — and Kwon’s decision to flee [I4], remaining at large for months before he was caught in Montenegro attempting to travel to Dubai on a fake passport [I23]. The disparity from fellow crypto fraudster Sam Bankman‑Fried’s 25‑year term likely stems from Kwon’s decision to plead guilty to two wire‑fraud counts, securing a deal in which prosecutors dropped seven other charges, rather than take the case to trial.

                                                                                          Alt...In the courts Do Kwon Do Kwon, founder of the collapsed Terra/Luna project, has been sentenced to fifteen years in prison — three more than the twelve years sought by prosecutors1a and well above the five requested by his defense.2 Judge Paul Engelmayer said the upward variance reflected the scale of Kwon’s fraud — both monetarily and in its more than one million victims — and Kwon’s decision to flee [I4], remaining at large for months before he was caught in Montenegro attempting to travel to Dubai on a fake passport [I23]. The disparity from fellow crypto fraudster Sam Bankman‑Fried’s 25‑year term likely stems from Kwon’s decision to plead guilty to two wire‑fraud counts, securing a deal in which prosecutors dropped seven other charges, rather than take the case to trial.

                                                                                          Kwon’s Terra project unraveled in May 2022 in a $40 billion crash after the algorithmic stablecoin lost its dollar peg and ultimately went to zero. Investors drawn by supposedly “risk‑free” yields for holding “dollars” learned that Terra (UST) was not a dollar, and that the yields were anything but risk‑free. One victim who spoke at Kwon’s sentencing, a Russian woman living in the country of Georgia, explained that she had been living on the streets after her “$81,000 turned into $13 that I could hold in the palm of my hand.” Other victims described suicides of friends who had invested in Terra, their own thoughts of ending their lives, families breaking up, postponed retirements and schooling, the inability to pay medical bills, and lives ruined.3 I purchased the PACER documents so that anyone can read the victim impact statements for themselves, and highlighted some of them.

                                                                                          Alt...Kwon’s Terra project unraveled in May 2022 in a $40 billion crash after the algorithmic stablecoin lost its dollar peg and ultimately went to zero. Investors drawn by supposedly “risk‑free” yields for holding “dollars” learned that Terra (UST) was not a dollar, and that the yields were anything but risk‑free. One victim who spoke at Kwon’s sentencing, a Russian woman living in the country of Georgia, explained that she had been living on the streets after her “$81,000 turned into $13 that I could hold in the palm of my hand.” Other victims described suicides of friends who had invested in Terra, their own thoughts of ending their lives, families breaking up, postponed retirements and schooling, the inability to pay medical bills, and lives ruined.3 I purchased the PACER documents so that anyone can read the victim impact statements for themselves, and highlighted some of them.

                                                                                          Kwon, a South Korean national, also faces charges at home. Before sentencing, Judge Engelmayer asked about likely outcomes there, including the likely sentence length if he is convicted and whether it would run concurrently with any US sentence. Prosecutors reported they had limited insight but noted that Korean sentencing could range from six years to indefinite; however, Korea has never imposed indefinite terms for fraud offenses, sentences of 30 or more years are rare, and courts frequently depart below prosecutorial recommendations. They also noted that any sentence imposed in Korea would be reduced by the amount of time he serves in the US.4 Engelmeyer ultimately included a requirement that Kwon serve at least half of his fifteen-year sentence in the US before he can apply for a transfer to South Korea.5

                                                                                          Alt...Kwon, a South Korean national, also faces charges at home. Before sentencing, Judge Engelmayer asked about likely outcomes there, including the likely sentence length if he is convicted and whether it would run concurrently with any US sentence. Prosecutors reported they had limited insight but noted that Korean sentencing could range from six years to indefinite; however, Korea has never imposed indefinite terms for fraud offenses, sentences of 30 or more years are rare, and courts frequently depart below prosecutorial recommendations. They also noted that any sentence imposed in Korea would be reduced by the amount of time he serves in the US.4 Engelmeyer ultimately included a requirement that Kwon serve at least half of his fifteen-year sentence in the US before he can apply for a transfer to South Korea.5

                                                                                            [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                                                            @cryptadamist@universeodon.com

                                                                                            this story about Benjamin Mauerberger, a south african bro and card carrying member of the chinese who made so much money via and other crypto scams that he managed to co-opt a large part of 's government (to say nothing of and ) is nuts.

                                                                                            if you’re wondering about the dark forces driving the current war between thailand and cambodia, this is one of those forces.

                                                                                            whalehunting.projectbrazen.com

                                                                                            Tom Wright @TomWrightAsia "I outrank you," Ben Mauerberger told Thailand’s Finance Minister. After 40 stories & 50+ sources, we deliver the full 7,000-word feature on how one man -- armed with billions of stolen American savings -- captured a state.

                                                                                            Alt...Tom Wright @TomWrightAsia "I outrank you," Ben Mauerberger told Thailand’s Finance Minister. After 40 stories & 50+ sources, we deliver the full 7,000-word feature on how one man -- armed with billions of stolen American savings -- captured a state.

                                                                                              [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                                                              @cryptadamist@universeodon.com

                                                                                              ukrainians getting murdered for

                                                                                              > "According to TSN ua, 21-year-old Ukrainian national Danylo Kuzmin was killed in Vienna, with police suspecting a crypto-related motive after a large amount was transferred from his wallet. Kuzmin, the son of deputy mayor Serhii , was allegedly beaten and forced to reveal wallet passwords before his car was set on fire. Two Ukrainian suspects have been detained: 19-year-old Bohdan Reinzhuk, Kuzmin’s university peer and the stepson of Ukraine’s ambassador to Bulgaria, and 45-year-old Oleksandr Agoiev, a former Ukrainian customs official."

                                                                                              tsn.ua/ukrayina/use-pro-vbyvst

                                                                                                [?]⚯ Michel de Cryptadamus ⚯ » 🌐
                                                                                                @cryptadamist@universeodon.com

                                                                                                @GhostOnTheHalfShell fun fact: a common form of crypto scam is to run a fake murder-for-hire site and take money in exchange for killing people and then just never kill them.

                                                                                                "Kill List" is a fun about this kind of thing:

                                                                                                wondery.com/shows/kill-list/

                                                                                                  [?]Molly White » 🌐
                                                                                                  @molly0xfff@hachyderm.io

                                                                                                  Dear Judge Engelmayer, Your Honor, I stand here today not just as a victim of financial fraud, but as a daughter whose world was irrevocably shattered. I ask you to look beyond the cold, hard numbers (i.e., the staggering sum of money that vanished) and see the human cost and lifelong agony that UST's depegging has caused. I am asking you to read these words not with professional detachment, but with the empathy I pray resides within the heart of any person witnessing such profound devastation. I remember the exact moment. It was May 2022, several days after my birthday. Suddenly, I saw a notification flash across my screen: UST had depegged from its $1 parity. In an instant, the value of everything I had worked for, everything my father had saved for, just obliterated into nothing. The shock was a physical blow. I felt my breath leave my body. Your Honor, I didn't think about my own savings at first. The first thought, the only thought, was of my father. And that is what almost drove me to end my own life. I did not consider taking my life over my own money loss, but over the catastrophic failure I brought upon my father...the man who deserved the world. He put $100k of his retirement savings into Anchor Protocol (due to my advice)...and now he is over 70 years old and he cannot fully retire. Because if he stops working, he can no longer afford to live. My father is a good man

                                                                                                  Alt...Dear Judge Engelmayer, Your Honor, I stand here today not just as a victim of financial fraud, but as a daughter whose world was irrevocably shattered. I ask you to look beyond the cold, hard numbers (i.e., the staggering sum of money that vanished) and see the human cost and lifelong agony that UST's depegging has caused. I am asking you to read these words not with professional detachment, but with the empathy I pray resides within the heart of any person witnessing such profound devastation. I remember the exact moment. It was May 2022, several days after my birthday. Suddenly, I saw a notification flash across my screen: UST had depegged from its $1 parity. In an instant, the value of everything I had worked for, everything my father had saved for, just obliterated into nothing. The shock was a physical blow. I felt my breath leave my body. Your Honor, I didn't think about my own savings at first. The first thought, the only thought, was of my father. And that is what almost drove me to end my own life. I did not consider taking my life over my own money loss, but over the catastrophic failure I brought upon my father...the man who deserved the world. He put $100k of his retirement savings into Anchor Protocol (due to my advice)...and now he is over 70 years old and he cannot fully retire. Because if he stops working, he can no longer afford to live. My father is a good man

                                                                                                  My father, who had suffered a string of failed businesses, who carried the weight of a mortgage that pains him every single month. All I ever wanted, Your Honor, was to become successful enough to spoil him. To pay off his debt. To give him the happy retirement he earned and deserved. When I saw the depegging, that vision of a happy future was crushed. I felt the absolute, sickening certainty that I had failed him. I had delivered his lifelong savings into the hands of a scam. My father lost about $70,000 from his $100k savings. That number, $70,000, represents decades of his life, wiped out in the span of a single week! I wanted to crush myself into a ball, to vanish, to take away the pain I had caused him. Years later, the suffering continues. I am 35 years old now, engaged to be married, but I cannot afford the down payment on a home. I cannot afford a wedding. I cannot afford children. As much as it hurts me, I've come to terms with the fact that I can't financially support children nor own my own home. My father is continuing to freelance as an accountant. He's always fantasized about retiring in his 60s, but now that's a distant dream. And what's most miraculous, Your Honor, is that my father has never yelled at me or anything of the sort as someone who advised him about Anchor Protocol. He never blamed me for anything. He never complained. And oddly, that makes me feel e

                                                                                                  Alt...My father, who had suffered a string of failed businesses, who carried the weight of a mortgage that pains him every single month. All I ever wanted, Your Honor, was to become successful enough to spoil him. To pay off his debt. To give him the happy retirement he earned and deserved. When I saw the depegging, that vision of a happy future was crushed. I felt the absolute, sickening certainty that I had failed him. I had delivered his lifelong savings into the hands of a scam. My father lost about $70,000 from his $100k savings. That number, $70,000, represents decades of his life, wiped out in the span of a single week! I wanted to crush myself into a ball, to vanish, to take away the pain I had caused him. Years later, the suffering continues. I am 35 years old now, engaged to be married, but I cannot afford the down payment on a home. I cannot afford a wedding. I cannot afford children. As much as it hurts me, I've come to terms with the fact that I can't financially support children nor own my own home. My father is continuing to freelance as an accountant. He's always fantasized about retiring in his 60s, but now that's a distant dream. And what's most miraculous, Your Honor, is that my father has never yelled at me or anything of the sort as someone who advised him about Anchor Protocol. He never blamed me for anything. He never complained. And oddly, that makes me feel e

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