Crypto CEO Accidentally Describes Ponzi Scheme--UPDATE--Bankman-Fried arrested in the Bahamas on money laundering and fraud charges.
- Thread starter ogc163
- Start date
ADevilYouKhow
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Let the man who ran the scam still run the scheme government brehs
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FACTS.... how he talking all this shyt about crypto but HIS bank was offering users a way to buy it...make it make sense.
they make money on the transactions .. on the way up AND on the way down.
some breh on here was saying banks offering crypto is a sign of its viability.
it's a sign of them giving customers what the customers want.
ogc163
Superstar
ADevilYouKhow
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Bitcoin ETFs are off to a bad start. Will things improve? — The Economist
Lessons from similar exchange-traded funds
apple.news
ADevilYouKhow
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How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity
Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Then a grad student named Sarah Meiklejohn proved them all wrong—and set the stage for a decade-long crackdown.
ADevilYouKhow
Rhyme Reason
YouTuber breaks BitLocker encryption in less than a minute using $5 Raspberry Pi Pico
Microsoft's BitLocker encryption offers a way for users to secure their data from prying eyes. However, it has a major flaw that can allow a hacker to decrypt data within minutes with basic tools.
www.neowin.net
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How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity
Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable. Then a grad student named Sarah Meiklejohn proved them all wrong—and set the stage for a decade-long crackdown.www.wired.com
bitcoin is not supposed to be private.
privacy coins are used for that .. or bitcoin tumblers ..
Cryptocurrency tumbler - Wikipedia
anonymous .. partially and not very strong.
ADevilYouKhow
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Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption
The U.S government wants to crack down on the ballooning energy consumption of Bitcoin miners.
www.tomshardware.com
ADevilYouKhow
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Bloomberg - Are you a robot?
www.bloomberg.com
Why would the crypto industry be against anti-crime legislation?
NZA
LOL
Crypto exchange FTX to sell shares in AI startup Anthropic
By Dietrich KnauthFebruary 22, 20243:13 PM ESTUpdated 13 hours ago
Anthropic logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
NEW YORK, Feb 22 (Reuters) - Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a U.S. judge ruled Thursday.
U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware approved FTX's proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale.
FTX invested $500 million in Anthropic in 2021, and currently holds a 7.84 percent stake in the company, according to court documents. The company had sought permission to sell the shares as part of its court-supervised effort to liquidate its assets and repay customers who lost access to their accounts when the company collapsed in 2022.
"We are selling the Anthropic shares, as we are selling everything, and putting the money in the bank," FTX attorney Andy Dietderich said at a Thursday court hearing.
FTX expects to sell the shares at a profit, and it will retain flexibility to sell its shares at the "most optimal and appropriate time," according to court documents.
"Given the increased interest in AI and large language models, there has been significant appreciation in the value of the Anthropic Shares since the Debtors' acquisition and investment in Anthropic in 2021," FTX wrote in a Feb. 3 court filing.
FTX's 2021 investment initially gave it a 13.56% equity stake in Anthropic. The FTX stake has been diluted by the company's subsequent fundraising, which includes a $4 billion investment from Amazon.com.
The customers that opposed the sale had argued that FTX did not actually own the Anthropic shares, because they were purchased with funds embezzled from FTX customers' deposits. But they agreed Thursday to allow the sale to go forward, as long as they are allowed to argue later that FTX customers own any money generated from the future sale.
Dietderich said that FTX already intends to repay customers using the sale proceeds, and it has enough cash to repay any specific group of customers that can convince a court that they owned the Anthropic shares. FTX currently has $6.4 billion in cash, Dietderich said.
FTX expects to pay all customers in full, although it will calculate their repayment based on cryptocurrency prices from November 2022, when FTX filed for bankruptcy amid a prolonged slump in the crypto market, rather than at the present, higher value of crypto assets.
FTX founder Sam Bankman-Fried was found guilty of stealing billions from customers on Nov. 2, in one of the biggest financial frauds on record. Bankman-Fried's sentencing is March 28, and he is expected to appeal his conviction.
