Newsletter
Issue 26 – Fully prepared to litigate
French celebrities rug pull, Binance backs out, and Hamas gives up on Bitcoin.
Newsletter
French celebrities rug pull, Binance backs out, and Hamas gives up on Bitcoin.
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Legislators in the US and EU are paying more attention to crypto, and two projects get exploited for the second and third times.
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Chart crimes, math crimes, and crime crimes.
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SBF gets slapped with a bribery charge, Binance gets sued by the CFTC, and Arbitrum bungles decentralization.
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In stark contrast to the prior year's NFT mania, SXSW 2023 showcased a crypto industry made weary by a protracted downturn.
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Silvergate spirals, another exec flips on SBF, and no one wants NFTs anymore.
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The SEC enters a feeding frenzy and someone spends a quarter million dollars on a fart.
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Also featuring knockoff NFTs and claims of a wallet hacked via photograph.
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If you're in the ponzi business, maybe don't quip to your colleagues in writing that you should be retitled "Ponzi Consultant". Also, a16z-backed rugpulls, Tesla buys high and sells low.
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Doubly bad weeks for both Genesis and Nexo, and the founders of Three Arrows Capital progress in their quest to become the most hated people in crypto.
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Also featuring stablecoin salaries, Bitcoin burglaries, and rug-pull rationalizations.
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Tax loss harvesting worthless NFTs as a service (TLHWNFTaaS), more pilfered Pokémon, and a hard lesson that mere belief that your actions are legal doesn't mean that they are.
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SBF is in the US, where he has been released on bail. Meanwhile, two top executives are cooperating with the investigation and have pled guilty to their charges.
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Sam Bankman-Fried tells me he doesn't think he'll be arrested several hours before he is arrested. Also, Decentraland introduces landlords.
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Bankruptcies pile up, Orthogonal Trading goes pear-shaped, and crypto exchanges perform layoffs... again.
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Many, many companies look for a bailout in the wake of the FTX collapse while a group of Elon Musk stans take sycophancy to new heights.