Bitcoin, Blockchain, Battlestar Galactica

The Trumpified SEC has finished their investigation of the meme coin associated with Hawk Tuah girl. No charges will be filed. Crime is legal now.

 

As part of the slow bankruptcy of FTC, the trustees require a KYC check of all people who had accounts before they can get a fraction of their money back. Because a lot of FTX accounts were for things like tax evasion and money laundering, thousands of accounts representing more than $2 billion have not done their checks, and the value represented is now forfeit. Don't know what will happen to that - maybe go to further restoring valid accounts. Although by all reports they are very very slow in all communication with former customers.

 

The US government's Office of Foreign Assets Control just put sanctions on Tether wallets on the TRON blockchain that were controlled by the Houthis. So that means the Houthis were using Tether to do their financing which is... not a surprise at all.

 

Enrique Tarrio and co. have created the ProudCoin with the intent of better funding the Proud Boys movement.

 

FBI is reporting that at least $16.6 billion was scammed from American citizens in some form of on-line fraud last year, which was a marked increase from 2023. And that number was certainly underreported - the actual figure was much larger, maybe double or more than that.

https://www.msn.com/en-us/crime/gen...billion-last-year/ar-AA1DtCWF?ocid=TobArticle

This is made possible by crypto - it's either directly crypto (rug pulls and fake operations) or facilitated in a way that would be almost impossible without it (ransomware, big butchering). It's just going to get worse.

 

https://www.cnn.com/2025/05/04/europe/crypto-entrepreneur-finger-severed-intl-latam

Father of a crypto entrepreneur was kidnapped, and lost a finger.

Should have been his son.

 

The daughter of a crypto executive narrowly escaped being a kidnap victim in Paris.

My feelings on this are, isn’t it like a heroin smuggler’s child becoming a heroin addict? Like, kinda sad, sure, but what the hell did you think would happen?

 

It's like knowing someone has a large amount of cash in a safe. If you kidnap their kid, you can get them to pay up. It doesn't work if someone has a large amount of savings in a bank.

The thing is, you need skills to convert stolen crypto to cash without getting caught. You need to know the right kinds of exchanges. North Korea can do it. Someone just getting into the game probably can't.

 

I'm sure crypto holders will love to hear that Coinbase had a data breach, and the information to dox many of its clients is in the hands of people demanding a ransom.

https://www.cnbc.com/2025/05/15/coi...data-and-are-demanding-20-million-ransom.html

I now think this is out of date. It might have been true years ago, but I've recently read about a few examples of successful robberies which lead to successful exits to cash which demonstrate I was wrong. Modern defi is audacious enough to get cash to criminals without fear of being stopped while the criminals have no fear of being scammed.

 

He was just found guilty.

https://www.msn.com/en-us/crime/gen...ies-against-him/ar-AA1FgDOe?ocid=BingNewsVerp

 

Coinbase claims this only affected a small percent of customers, but we now know what those hackers got was names, addresses, phone numbers, email, government ID photos, and account balances. Just what you need to try to scam all of them and maybe pick out the best targets for kidnapping.

And before you think those people would want to sue Coinbase, they changed the customer agreement to make it much harder to sue them. They did this one day before publicly saying they were hacked.

 

Nobody could have predicted this!Who knew it would be so complicated??

 

I hope you have your Loonies safely tucked in your mattress along with the .38 Special!

 

I always kind of liked them though I hadn't listened to them in years.

 

I gave my loonies many years ago to some nice young girls I met at the ballet who were working their way through CEGEP.
38 Special is still one of my favorite bands!

 

Did you have to visit your Dr after you paid off those "nice" young girls. Does wifey know about that and where you hide the .38?

 

Lol that was between marriages and no,I didn't do anything that would have given me anything catching.
And whenever I want 38 special I ask our helper Alexa.

 

The pending suit the SEC had against Coinbase has been dropped. The bribe money they paid Trump worked.

 

The free market at work!