Eggplant.place

1y

FTX founder Sam Bankman-Fried has just appealed his conviction. He argues, among other things, that the judge didn't like him.

https://www.courtlistener.com/docket/69143697/28/united-states-of-america-v-bankman-fried/

#FTX #SBF #crypto #cryptocurrency

These observations are borne out by the record. As explained in this brief, many of the judge’s rulings were not just erroneous but unbalanced—repeatedly putting a thumb on the scale to help the government and thwart the defense. But that is not all. The judge continually ridiculed Bankman-Fried during trial, repeatedly criticized his demeanor, and signaled his disbelief of Bankman-Fried’s testimony. See supra at 17-18. Equally troubling, he repeatedly mocked defense counsel and discredited their cross-examinations in front of the jury. E.g., A-756 (“let’s stop that, please”; “What part of ‘let’s stop that’ was obscure?”); A-745 (“Could we get to the point.”); A-879 (“This is not an exam for new eyeglasses. I assume he can read it just as well as everybody in the jury box can read it…You can ask him who Johnny Podres was. Let’s move along. He pitched for the Brooklyn Dodgers.”).

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Edited 1y ago

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1y

#Barron Bails On His #Trump #Crypto Launch Speech Because Dad's #Blathering Took Too Long

In what may be the most perfectest Trump product launch ever, Barron (evidently eager to prove #KamalaHarris right about his Dad’s rallies) decided to bail on his presentation as the “visionary” behind the project because his Dad’s blathering took too long. Perfect. So so perfect.

#idiocracy #grift #weird #insane #Nonsense
#CommonSense #sanity #RealityBasedPolitics #HarrisWalz2024
https://www.dailykos.com/stories/2024/9/17/2271082/-Barron-Bails-On-His-Trump-Crypto-Launch-Speech-Because-Dad-s-Blathering-Took-Too-Long

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25d

“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.

https://www.citationneeded.news/the-year-of-technoligarchy/

#crypto #cryptocurrency #USpol #USpolitics

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44d

Big Tech is getting more and more involved in politics. During the last US election, Crypto bros spent more than $100 million on the election, which got some of them out of jail. Now Big Tech is active again, this time with focus on AI, as reported in this Washington Post article.

It is time to take a stand against companies that behave this way.

#politics #AI #elections #technology #crypto #Browser #Linux

https://www.washingtonpost.com/technology/2025/12/19/tech-super-pacs-midterms-ai/

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42d

The US Democratic party has been abjectly failing in so many ways. This is such a sad and frustrating read on the failures with respect to cryptocurrency regulation: https://lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/

What was and still is at stake is the balance between technology and humanity struck by the US federal government. The same incoherence that led us to where we are with crypto is almost surely also at play with the apparent lack of movement around generative AI.

#USPol #democrats #DemocraticParty #crypto #cryptocurrency #StableCoins #ShadowBanking #regulation #AI #GenAI

Edited 42d ago

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34d

Crypto, yes!
Web 3, yes!

#web3 #crypto #cryptocurrency #okx #OKX2025 #加密貨幣 #加密货币

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24d

In this week's net.wars, "Disconnexion", Grok's users bring it into disrepute, and the digital euro looms: https://netwars.pelicancrossing.net/2026/01/09/disconnexion/ #NetWars #AI #grok #UKPolitics #crypto

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18d

This is a must-read.

https://cryptography.io/en/latest/statements/state-of-openssl/

#python #cryptography #crypto #openssl #opensource

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15d

写给 Fedi 的加密货币指南之 Crypto 除了炒币还能干什么

@board

如果说之前的指南是对当局的不信任、主权个人乃至泛自由派的“我们可以自己保管自己资产”的倡议，那么本嘟串则是结合行业与监管的加密货币使用概览。

- 涉及币种：最主流的美元稳定币（USDT/USDC）、BTC 和 ETH
- 涉及规范：金税四期、国内支付平台合规需求、CRS、CARF
- 意识形态标签：个人资产自主、技术工具理性、制度现实主义
- 指南适用主体：中国大陆居民
- 排版：手机阅读舒适

先说结论，在蛇年的末尾加密世界已正式迈向合规，不再是灰黑产的乐园。普通人最关心的衣食住行乃至资产转移与保值大致可以通过加密货币进行，不过大宗消费（买房买车）尚不支持。

此外，本嘟串还会涉及一些敏感内容，主要涉及个人在应对系统性压迫时如何降低被注意的可能等。

嘟串将分为三部分，加密货币在不同场合的使用以及相关规范、我推荐的风险分层策略、交易所及工具推荐。

名词解释前置：
- KYC：Know Your Customer，了解你的客户，即要求身份证或护照注册才可使用服务
- 钱包：区块链上的账户，用于存放加密货币，通过私钥自行管理，无需中介
- 入金：将法币换成加密货币
- 出金：将加密货币换成法币
- 混币器：把你我他的币混在一起，然后用一个新钱包把币拿出来，起到匿名的作用。

不是为了对抗体系，是让处在结构边缘的个人，在现实中多保留一点选择权。

#henryleo的安全感围城 #crypto

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13d

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

https://www.citationneeded.news/issue-99/

#crypto #cryptocurrency #USpol #USpolitics #CitationNeededNewsletter

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1y

What could contribute more to government efficiency than securing lucrative contracts for your crypto donors to implement inefficient technology that is uniquely suited to solving problems you don’t have?

https://www.bloomberg.com/news/articles/2025-01-25/musk-exploring-blockchain-use-in-us-government-efficiency-effort

#crypto #cryptocurrency #USpolitics #USpol

Edited 1y ago

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351d

UPDATE!

Shit happens.🙃

We have rescheduled #CryproBarons on the #DCG201 LIVE Stream for Sunday, February 16th at 3pm EST!

We'll be #hacking the #Soneium #blockchain and #web3 ecosystem!

@defcon #fediverse #mastodon #crypto #playstation #stateofplay

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11d

House Oversight Democrats have published a Web3 is Going Great-style “Trump Family Digital Grift” counter
https://oversightdemocrats.house.gov/trump-family-corruption-tracker

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”

https://oversightdemocrats.house.gov/imo/media/doc/12026cryptoreport.pdf

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

#crypto #cryptocurrency #USpol #USpolitics

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

Edited 11d ago

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247d

#SEC Drops #Binance Lawsuit Days After #Crypto Exchange Lists #Trump’s #Stablecoin

The Securities & Exchange Commission dropped a lawsuit against Binance on Thursday, days after the crypto exchange began listing a stablecoin created by #WorldLibertyFinancial, one of Trump’s #blockchain ventures.

#law #corruption #billionaires #Broligarchy #plutocracy #kleptocracy #fraud #crime #felon47
https://www.forbes.com/sites/zacheverson/2025/05/29/sec-drops-binance-lawsuit-trump-stablecoin-listed/

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285d

The House Financial Services Republicans and the White House (now deleted) tagged either a hacked or fake account in their announcements that Paul Atkins was sworn in as SEC Chair. The "Atkins" account immediately started asking for crypto.

#crypto #cryptocurrency #USpolitics #USpol

Tweet by an account named Paul S Atkins, with a blue check and a parody label. "Hi crypto believers! I'm all in on this revolution 🚀 Let's keep the dream alive-send some love my way:" (followed by several blurred wallet addresses, and an AI image of a bull exploding from some bitcoins)
Tweet by an account named Paul S Atkins, with a blue check and a parody label. "Hi crypto believers! I'm all in on this revolution 🚀 Let's keep the dream alive-send some love my way:" (followed by several blurred wallet addresses, and an AI image of a bull exploding from some bitcoins)

ALT

Tweet by The White House
@WhiteHouse

🇺🇸 @PaulSAtkins has officially been sworn in as the Chair of the U.S. Securities and Exchange Commission, @SECGov, by @SecScottBessent in the Oval Office!

ALT

Tweet by Financial Services GOP

@FinancialCmte

NEW: The Committee congratulates @PaulSAtkins as he was sworn in as the next Chair of @SECGov. He will bring a common-sense approach to regulation and usher in an era of prosperity and innovation to make U.S. capital markets the envy of the world.

sec.gov/newsroom/press...

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327d

Newsletter: Crypto reserves: no public good, no principles

The formerly anti-government bitcoin movement abandons its principles in favor of number-go-up, applauds federal plan to stockpile seized crypto with no clear benefit to national interest

https://www.citationneeded.news/crypto-reserves-no-public-good-no-principles/

#bitcoin #crypto #cryptocurrency #USpolitics #USpol

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229d

just checking in on the financial revolution that was meant to sidestep banks, tech giants, and the state

#crypto #cryptocurrency

Headline: Walmart, Amazon Mull Dollar-Pegged Stablecoins in the US: WSJ

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321d

Frankly I think the majority of the crypto backlash to the anti-trans Solana ad was because they made it too obvious that they've realized anti-woke MAGA reactionaries are the latest marks

#crypto #cryptocurrency #Solana

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353d

Newsletter: Dubbing it “Operation Choke Point 2.0”, cryptocurrency companies have co-opted legitimate concerns about banking discrimination to fight regulation — and Congress is buying it.

https://www.citationneeded.news/crypto-industrys-debanking-smokescreen/

#crypto #cryptocurrency #USpolitics #USpol

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247d

Representative Raskin cited my analysis in his letter investigating Trump’s memecoin dinner

https://democrats-judiciary.house.gov/uploadedfiles/2025-05-28_raskin_to_trump_wh_re_crypto_dinner.pdf

https://www.citationneeded.news/trump-memecoin-dinner-guests/

#crypto #cryptocurrency #USpol #USpolitics

A close analysis of the top buyers on the “leaderboard” on the website of $TRUMP shows that a majority of the attendees appear to be foreign nationals who purchased the token through offshore cryptocurrency exchanges that prohibit U.S. customers from participating. 15 Analysis reveals that 161 of the 220 top buyers, or 73% of the invitees, are likely foreign nationals. Among the top 25 “VIP” guests who were offered additional private access to you, including a “VIP White House tour” 16—and who each spent between $1.25 million and $16 million on $TRUMP tokens—23 out of 25 are likely foreign individuals or entities.17 A majority of those on the guest list had never purchased a $TRUMP token prior to the announcement of the dinner, suggesting that the buyers were primarily drawn by the promise of direct access to you rather than intrinsic interest in the memecoin itself.18

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299d

Newsletter: Trump continues to dismantle crypto enforcement while expanding his personal crypto empire.

Most recently, Trump has called the DOJ off cryptocurrency enforcement and dismantled the agency's crypto enforcement team.

https://www.citationneeded.news/issue-81/

#crypto #cryptocurrency #USpol #USpolitics

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279d

It still seems hard to believe, but in the last #Congress, the #House #Republican majority formally launched an #impeachment inquiry against Joe #Biden. The endeavor never made any sense, but the underlying allegation was that the Democratic president was somehow the beneficiary of a weird #bribery scheme.

#law #Constitution #EmolumentsClause #ForeignAsset #Compromised #NationalSecurity #InfoSec #Trump #crypto #grift
https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-controversial-meme-coin-contest-proves-predictably-profitable-p-rcna203293

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279d

Prosecutors have requested Alex Mashinsky, CEO of the collapsed Celsius cryptocurrency company, be sentenced to at least twenty years in prison for his "sustained, calculated campaign of deceit carried out over years, targeting ordinary people."

https://www.courtlistener.com/docket/67604619/144/united-states-v-mashinsky/

#Celsius #crypto #cryptocurrency

$respect for the law, and the need to avoid unwarranted sentencing disparities, the Court should impose a term of imprisonment of no less than 20 years. I. The Nature, Circumstances, and Seriousness of the Offense Warrant a Significant Sentence The nature and circumstances of the defendant’s crimes are extraordinarily serious. First, the scope of Mashinsky’s fraud is staggering. Tens of thousands of customers deposited billions of dollars based on false assurances of safety and soundness. When Celsius inevitably collapsed, Celsius’s customers lost access to more than $5 billion dollars of their crypto, devastating the financial lives of countless victims. Even after the bankruptcy process, investors are short over $1 billion under even the most conservative calculation. Mashinsky’s criminal conduct was aimed at and harmed retail investors at an unimaginable scale. Mashinsky’s scheme focused on soliciting crypto from what he describes as “everyday people.” Def. Mem. at 14. As a result, almost all the victims of his crime were retail crypto investors whose losses constituted a significant portion of their savings and had devastating consequences on their lives. This was not a financial crime in which a few well-heeled hedge funds and sophisticated institutional investors lost a small fraction of their assets. It was a crime in which Mashinsky deliberately targeted real, “everyday”$

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The more than 200 victim letters submitted in connection with sentencing are heartbreaking. They reflect the devastating real-world impact that the defendant’s fraud had on working people who trusted him to keep their savings safe. For example: • He used my bitcoin to inflate the price of his printed CEL token and whilst insiders ran for the exits when the smoke alarm rang I stood firm inside believing the loans were secure when in reality Celsius operated as a hedge fund and crypto speculator . . . I was emotionally devasted into darkness followed by the shame of confronting all those I had convinced to invest in Celsius . . . My will to live remained only because I was a father to triplets and was responsible for their well-being.16 • I’m now 59 and lost my entire life savings (nearly 9 Bitcoin) in the Celsius bk case. Needless to say, at my age, it was absolutely devastating . . . I lost my apartment, I could no longer help my very sick mother, I had to liquidate everything else I owned just to scrape by. I literally had to ‘camp’ out of my vehicle for nearly a year until I could begin to get back on my feet. The suffering, depression, humiliation & despair was far beyond any jail term. I implore the Court to impose the absolute maximum sentence permissible when sentencing Alex. He still has no shame, no remorse nor any regret for robbing hundreds of thousands of victims

ALT

$• Due to Alex’s misrepresentation & blatant lies of how celsius was rehypothecating creditor's bitcoin, I lost my entire retirement savings, home, and am struggling to pay medical expenses.21 • Alex Mashinsky preyed upon the lowest hanging fruit—yearning people in need of financial success—which is why so many people were hurt by his actions. Myself included. . . Thousands of us are left scrounging and praying that we can get a tiny fraction of our previous claim returned.22 • I had placed all my cryptocurrency on Celsius Network because of statements made weekly by Mr. Mashinsky on his AMAs. I relied on what he said and he intentionally deceived me and misrepresented the facts. . . . I am a retired school teacher and I was counting on my cryptocurrency holdings to fund my retirement and to pass on to future generations. Mr. Mashinsky has changed my financial trajectory and that of my family. He will never understand the damage he has done to me and other victims.23 This is only a small sampling of the victim statements discussing the harm suffered by those who trusted Mashinsky. Contrary to Mashinsky’s claims, Mashinsky’s victims were not made whole by the bankruptcy process. On its effective date, the restructuring plan in the bankruptcy showed that the total estimate for allowed claims, which entirely or almost entirely includes customer claims, was over $5 billion—meani$

ALT

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262d

Coinbase announces it's joining the S&P 500 and then announces a serious data breach two days later

oof

#coinbase #crypto

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270d

Newsletter: Crypto traders are spending millions of dollars on TRUMP memecoins to buy access to the president at an upcoming private dinner, exacerbating existing ethics concerns. 73% of the attendees are likely not American, only adding further concerns over foreign influence.

https://www.citationneeded.news/trump-memecoin-dinner-guests/

#crypto #cryptocurrency #USpolitics #USpol

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