The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[Noid]

Deport these billion dollar fraudsters to Vietnam for a DEATH sentence.

 

[BFG10K]

These are good people, yo. Good people!

https://www.cnbc.com/2024/04/04/google-sues-crypto-scammers-allegedly-uploading-fake-apps-android-app-store.html

 

[AdamK47]

These are good people, yo. Good people!

https://www.cnbc.com/2024/04/04/google-sues-crypto-scammers-allegedly-uploading-fake-apps-android-app-store.html

Nothing will happen to them. They reside in China.

 

[VirtualLarry]

"EVERYONE Gets scammed in crypto!"

 

[VirtualLarry]

This is from a year ago, but the info in it is pretty timeless.

 

[VirtualLarry]

CPU mining now a thing, GPUs kinda a thing.

 

[DrMrLordX]

CPU mining now a thing

CPU mining has been a thing for awhile. Especially since ghostrider came onto the scene. QBIC is also making waves, though for how long, we don't know.

 

[Lost_in_the_HTTP]

Can you hide if you run?

Early Bitcoin Investor Charged with Tax Fraud

An indictment was unsealed charging Roger Ver, an early investor in bitcoins, with mail fraud, tax evasion and filing false tax returns. Ver was arrested this weekend in Spain based on the U.S. criminal charges. The United States will seek Ver’s extradition to stand trial in the United States.

www.justice.gov

 

[igor_kavinski]

A question: if you are involved in a crime but you revoke your citizenship before the crime comes to light, can the US authorities still extradite you?

 

[VirtualLarry]

What does your citizenship have to do with their authority? What matters is the citizenship of the victims in question, the location that the alleged crime(s) have occurred, and the legal authority of those jurisdiction(s) including extradition treaties.

 

[Brainonska511]

A question: if you are involved in a crime but you revoke your citizenship before the crime comes to light, can the US authorities still extradite you?

Extradition is not dependent on someone being a citizen or not. For example, Assange was extradited and he wasn't a US citizen.

Giving up your citizenship is not some magical get out of jail card.

 

[AdamK47]

Some wack job grifting his own agenda, which includes Bitcoin, in his OSU commencement speech.

https://www.reddit.com/r/Columbus/comments/1cl4epr/reaction_to_chris_pan_mentioning_bitcoin_at_osus

 

[Lost_in_the_HTTP]

"Customers and creditors that claim $50,000 or less will get about 118% of their claim, according to the plan, which was filed with the U.S. Bankruptcy Court for the District of Delaware. This covers about 98% of FTX customers."

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

apnews.com

I guess the little guys aren't being cut out.

 

[Lost_in_the_HTTP]

Yup, real safe and secure. Article kind of dances around what they did, but apparentb ly a basic series of web searches tripped them up.

May 15 (UPI) -- The Justice Department on Wednesday revealed it indicted two brothers in their twenties for a series of alleged crimes for manipulating the cryptocurrency market to steal $25 million in crypto in a 12-second period, according to reports.

Anton Peraire-Bueno, 24, of Boston, Mass., and his brother James Peraire-Bueno, 28, of New York were arrested Monday in their respective cities and are being charged for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering,

"This alleged scheme was novel and has never before been charged," Damian Williams, U.S. Attorney for New York's Southern District, said in a news release.

DOJ: $25 million in crypto allegedly stolen by 2 brothers in 12 seconds - UPI.com

The Justice Department on Wednesday revealed it indicted two brothers in their twenties for a series of alleged crimes for manipulating the cryptocurrency market to steal $25 million in crypto in a 12 second period.

www.upi.com

 

[DrMrLordX]

Yup, real safe and secure. Article kind of dances around what they did, but apparentb ly a basic series of web searches tripped them up.

They abused MEV frontrunner bots.

Explained: The MEV Bots Hack (April 2023)

In April 2023, MEV bots were exploited by an Ethereum validator for $25M. Halborn explains what happened.

www.halborn.com

I have nothing but contempt for the bot operators. How they can operate MEV bots legally while these two get charged for going after frontrunner bots boggles the mind. Maybe there's something I'm missing here.