Meet Brock Pierce, the Presidential Candidate With Ties to Pedophiles Who Wants to End Human Trafficking
thedailybeast.com | Sep. 20, 2020. The “Mighty Ducks” actor is running for president. He clears the air (sort of) to Tarpley Hitt about his ties to Jeffrey Epstein and more. In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States. Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000. DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain. While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “diminishing” the fun of the game, Steve Bannon replaced Pierce as CEO. Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud. On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams. His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund. Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity. You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race? I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned. I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [Ed. note: Einstein never said this.] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated. Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory. Is that something you’re hoping to avoid or is that what you’re going for as well? Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse. Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump. In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly? Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.” We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was. You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business? All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was probably there for the first two or three months, before the company got an office. That’s, like, how it is for all start-ups. were later a co-defendant in the L.A. County case filed against Marc Collins-Rector for plying minors with alcohol and drugs, in order to facilitate sexual abuse. You were dropped from the case, but you settled with one of the men for $21,600. Can you explain that? Okay, well, first of all, that’s not accurate. Two of the plaintiffs in that case asked me if I would be a plaintiff. Because I refused to be a part of the lawsuit, they chose to include me to discredit me, to make their case stronger. They also went and offered 50 percent of what they got to the house management—they went around and offered money to anyone to participate in this. They needed people to corroborate their story. Eventually, because I refused to participate in the lawsuit, they named me. Subsequently, all three of the plaintiffs apologized to me, in front of audiences, in front of many people, saying Brock never did anything. They dismissed their cases. Remember, this is a civil thing. I’ve never been charged with a crime in my life. And the last plaintiff to have his case dismissed, he contacted his lawyer and said, “Dismiss this case against Brock. Brock never did anything. I just apologized. Dismiss his case.” And the lawyer said, “No. I won’t dismiss this case, I have all these out-of-pocket expenses, I refuse to file the paperwork unless you give me my out-of-pocket expenses.” And so the lawyer, I guess, had $21,000 in bills. So I paid his lawyer $21,000—not him, it was not a settlement. That was a payment to his lawyer for his out-of-pocket expenses. Out-of-pocket expenses so that he would file the paperwork to dismiss the case. You’ve said the cases were unfounded, and the plaintiffs eventually apologized. But your boss, Marc Collins-Rector later pleaded guilty to eight charges of child enticement and registered as a sex offender. Were you aware of his behavior? How do you square the fact that later allegations proved to be true, but these ones were not? Well, remember: I was 16 and 17 years old at the time? So, no. I don’t think Marc is the man they made him out to be. But Marc is not a person I would associate with today, and someone I haven’t associated with in a very long time. I was 16 and 17. I chose the wrong business partner. You live and you learn. You’ve pointed out that you were underage when most of these allegations were said to take place. Did you ever feel like you were coerced or in over your head while working at DEN? I mean, I was working 18 hours a day, doing things I’d never done before. It was business school. But I definitely learned a lot in building that company. We raised $88 million. We filed our [form] S-1 to go public. We were the hottest start-up in Los Angeles. In 2000, you left the country with Marc Collins-Rector. Why did you leave? How did you spend those two years abroad? I moved to Spain in 1999 for personal reasons. I spent those two years in Europe working on developing my businesses. Interpol found you in 2002. The house where you were staying reportedly contained guns, machetes, and child pornography. Whose guns and child porn were those? Were you aware they were in the house, and how did those get there? My lawyers have addressed this in 32 pages of documentation showing a complete absence of wrongdoing. Please refer to my webpage for more information. [Ed. Note: The webpage does not mention guns, machetes, or child pornography. It does state:“It is true that when the local police arrested Collins-Rector in Spain in 2002 on an international warrant, Mr. Pierce was also taken into custody, but so was everyone at Collins-Rector’s house in Spain; and it is equally clear that Brock was promptly released, and no charges of any kind were ever filed against Brock concerning this matter.”] What do you make of the allegations against Bryan Singer?[Ed. Note: Bryan Singer, a close friend of Collins-Rector, invested at least $50,000 in DEN. In an Atlantic article outlining Singer’s history of alleged sexual assault and statutory rape, one source claimed that at age 15, Collins-Rector abused him and introduced him to Singer, who then assaulted him in the DEN headquarters.] I am aware of them and I support of all victims of sexual assault. I will let America’s justice system decide on Singer’s outcome.
In 2011, you spoke at the Mindshift conference supported by Jeffrey Epstein. At that point, he had already been convicted of soliciting prostitution from a minor. Why did you agree to speak? I had never heard of Jeffrey Epstein. His name was not on the website. I was asked to speak at a conference alongside Nobel Prize winners. It was not a cryptocurrency conference, it was filled with Nobel Prize winners. I was asked to speak alongside Nobel Prize winners on the future of money. I speak at conferences historically, two to three times a week. I was like, “Nobel Prize winners? Sounds great. I’ll happily talk about the future of money with them.” I had no idea who Jeffrey Epstein was. His name was not listed anywhere on the website. Had I known what I know now? I clearly would have never spoken there. But I spoke at a conference that he cosponsored. What’s your connection to the Clinton Global Initiative? Did you hear about it through Jeffrey Epstein? I joined the Clinton Global Initiative as a philanthropist in 2006 and was a member for one year. My involvement with the Initiative had no connection to Jeffrey Epstein whatsoever.
You’ve launched your campaign in Minnesota, where George Floyd was killed by a police officer. How do you feel about the civil uprising against police brutality? I’m from Minnesota. Born and raised. We just had a press conference there, announcing that we’re on the ballot. Former U.S. Senator Dean Barkley was there. So that tells you, when former U.S. Senators are endorsing the candidate, right? [Ed. note: Barkley was never elected to the United States Senate. In November of 2002, he was appointed by then Minnesota Governor Jesse Venture to fill the seat after Sen. Paul Wellstone died in a plane crash. Barkley’s term ended on Jan. 3, 2003—two months later.] Yes, George Floyd was murdered in Minneapolis. My vice-presidential running mate Karla Ballard and I, on our last trip to Minnesota together, went to visit the George Floyd Memorial. I believe in law and order. I believe that law and order is foundational to any functioning society. But there is no doubt in my mind that we need reform. These types of events—this is not an isolated incident. This has happened many times before. It’s time for change. We have a lot of detail around policy on this issue that we will be publishing next week. Not just high-level what we think, not just a summary, but detailed policy. You said that you support “law and order.” What does that mean? “Law and order” means creating a fair and just legal system where our number one priority is protecting the inalienable rights of “Life, Liberty and the pursuit of Happiness” for all people. This means reforming how our police intervene in emergency situations, abolishing private prisons that incentivize mass incarceration, and creating new educational and economic opportunities for our most vulnerable communities. I am dedicated to preventing crime by eliminating the socioeconomic conditions that encourage it. I support accountability and transparency in government and law enforcement. Some of the key policies I support are requiring body-cams on all law enforcement officers who engage with the public, curtailing the 1033 program that provides local law enforcement agencies with access to military equipment, and abolishing private prisons. Rather than simply defund the police, my administration will take a holistic approach to heal and unite America by ending mass incarceration, police brutality, and racial injustice. Did you attend any Black Lives Matter protests? I support all movements aimed at ending racial injustice and inequality. I have not attended any Black Lives Matter protests. My running-mate, Karla Ballard, attended the March on Washington in support of racial justice and equality. Your platform doesn’t mention the words “climate change.” Is there a reason for that? I’m not sure what you mean. Our policy platform specifically references human-caused climate change and we have a plan to restabilize the climate, address environmental degradation, and ensure environmental sustainability. [Ed. Note: As of writing the Pierce campaign’s policy platform does not specifically reference human-caused climate change.] You’ve recently brought on Akon as a campaign surrogate. How did that happen? Tell me about that. Akon and I have been friends for quite some time. I was one of the guys that taught him about Bitcoin. I helped make some videogames for him, I think in 2012. We were talking about Bitcoin, teaching him the ropes, back in 2013. And in 2014, we were both speaking at the Milken Global Conference, and I encouraged him to talk about how Bitcoin, Africa, changed the world. He became the biggest celebrity in the world, talking about Bitcoin at the time. I’m an adviser to his Akoin project, very interested in the work that he’s doing to build a city in Africa. I think we need a government that’s of, for, and by the people. Akon has huge political aspirations. He obviously was a hugely successful artist. But he also discovered artists like Lady Gaga. So not only is he, himself, a great artist, but he’s also a great identifier and builder of other artists. And he’s been a great businessman, philanthropist. He’s pushing the limits of what can be done. We’re like-minded individuals in that regard. I think he’ll be running for political office one day, because he sees what I see: that we need real change, and we need a government that is of, for, and by the people. You mentioned that you’re an adviser on Akoin. Do you have any financial investments in Akoin or Akon City? I don’t believe so. I’d have to check. I have so much stuff. But I don’t believe that I have any economic interests in his stuff. I’d have to verify that. We’ll get back to you. I don’t believe that I have any economic interests. My interest is in helping him. He’s a visionary with big ideas that wants to help things in the world. If I can be of assistance in helping him make the world a better place, I’m all for it. I’m not motivated by money. I’m not running for office because I’m motivated by power. I’m running for office because I’m deeply, deeply concerned about our collective future. You’ve said you’re running on a pro-technology platform. One week into your campaign last month, a New York appeals court approved the state Attorney General’s attempt to investigate the stablecoin Tether for potentially fraudulent activity. Do you think this will impact your ability to sell people on your tech entrepreneurship? No, I think my role in Tether is as awesome as it gets. It was my idea. I put it together. But I’ve had no involvement in the company since 2015. I gave all of my equity to the other shareholders. I’ve had zero involvement in the company for almost six years. It was just my idea. I put the initial team together. But I think Tether is one of the most important innovations in the world, certainly. The idea is, I digitized the U.S. dollar. I used technology to digitize currency—existing currency. The U.S. dollar in particular. It’s doing $10 trillion a year. Ten trillion dollars a year of transactional volume. It’s probably the most important innovation in currency since the advent of fiat money. The people that took on the business and ran the business in years to come, they’ve done things I’m not proud of. I’m not sure they’ve done anything criminal. But they certainly did things differently than I would do. But it’s like, you have kids, they turn 18, they go out into the world, and sometimes you’re proud of the things they do, and sometimes you shake your head and go, “Ugh, why did you do that?” I have zero concerns as it relates to me personally. I wish they made better decisions. What do you think the investigation will find? I have no idea. The problem that was raised is that there was a $5 million loan between two entities and whether or not they had the right to do that, did they disclose it correctly. There’s been no accusations of, like, embezzlement or anything that bad. [Ed. Note: The Attorney General’s press release on the investigation reads: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds.”] But there’s been some disclosure things, that is the issue. No one is making any outrageous claims that these are people that have done a bunch of bad—well, on the internet, the media has said that the people behind the business may have been manipulating the price of Bitcoin, but I don’t think that has anything to do with the New York investigation. Again, I’m so not involved, and so not at risk, that I’m not even up to speed on the details. [Ed note: A representative of the New York State Attorney General told Forbes that he “cannot confirm or deny that the investigation” includes Pierce.] We’ve recently witnessed the rise of QAnon, the conspiracy theory that Hollywood is an evil cabal of Satanic pedophiles and Trump is the person waging war on them. You mentioned human trafficking, which has become a cause for them. What are your thoughts on that? I’ve watched some of the content. I think it’s an interesting phenomenon. I’m an internet person, so Anonymous is obviously an organization that has been doing interesting stuff. It’s interesting. I don’t have a big—conspiracy theory stuff is—I guess I have a question for you: What do you think of all of it, since you’re the expert? You know, I think it’s not true, but I’m not running for president. I do wonder what this politician [Georgia congressional candidate Marjorie Taylor Greene], who’s just won her primary, is going to do on day one, once she finds out there’s no satanic cabal room. Wait, someone was running for office and won on a QAnon platform, saying that Hollywood did—say what? You’re the expert here. She won a primary. But I want to push on if we only have a few minutes. In 2006, your gaming company IGE brought on Steve Bannon as an investor. Goldman later bought out most of your stock. Bannon eventually replaced you as CEO of Affinity. You’ve described him as your “right-hand man for, like, seven years.” How well did you know Bannon during that time? Yes, so this is in my mid-twenties. He wasn’t an investor. He worked for me. He was my banker. He worked for me for three years as my yield guide. And then he was my CEO running the company for another four years. So I haven’t worked with Steve for a decade or so. We worked in videogame stuff and banking. He was at Goldman Sachs. He was not in the political area at the time. But he was a pretty successful banker. He set up Goldman Sachs Los Angeles. So for me, I’d say he did a pretty good job. During your business relationship, Steve Bannon founded Breitbart News, which has pretty consistently published racist material. How do you feel about Breitbart? I had no involvement with Breitbart News. As for how I feel about such material, I’m not pleased by any form of hate-mongering. I strongly support the equality of all Americans. Did you have qualms about Bannon’s role in the 2016 election? Bannon’s role in the Trump campaign got me to pay closer attention to what he was doing but that’s about it. Whenever you find out that one of your former employees has taken on a role like that, you pay attention. Bannon served on the board of Cambridge Analytica. A staffer on your campaign, Brittany Kaiser, also served as a business director for them. What are your thoughts on their use of illicitly-obtained Facebook data for campaign promotional material? Yes, so this will be the last question I can answer because I’ve got to be off for this 5:00 pm. But Brittany Kaiser is a friend of mine. She was the whistleblower of Cambridge Analytica. She came to me and said, “What do I do?” And I said, “Tell the truth. The truth will set you free.” [Ed. Note: Investigations in Cambridge Analytica took place as early as Nov. 2017, when a U.K. reporter at Channel 4 News recorded their CEO boasting about using “beautiful Ukranian girls” and offers of bribes to discredit political officials. The first whistleblower was Christopher Wylie, who disclosed a cache of documents to The Guardian, published on Mar. 17, 2018. Kaiser’s confession ran five days later, after the scandal made national news. Her association with Cambridge Analytica is not mentioned anywhere on Pierce’s campaign website.] So I’m glad that people—I’m a supporter of whistleblowers, people that see injustice in the world and something not right happening, and who put themselves in harm’s way to stand up for what they believe in. So I stand up for Brittany Kaiser. Who do you think [anonymous inventor of Bitcoin] Satoshi Nakamoto is? We all are Satoshi Nakamoto. You got married at Burning Man. Have you been attending virtual Burning Man? I’m running a presidential campaign. So, while I was there in spirit, unfortunately my schedule did not permit me to attend. OP note: please refer to the original article for reference links within text (as I've not added them here!)
Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work
A Chinese video site copycat raised $2.1 million via an initial exchange offering in August 2019 – but it appears this last resort wasn’t enough to save the company from falling apart. On Sept. 24, the Shanghai Yangpu District Court disclosed an Aug. 31 ruling that video streaming company Dilidili has infringed the trademark of Nasdaq-listed Bilibili and must pay a fine of nearly $500,000. The ruling followed a separate notice by the Shanghai Minhang District Prosecutor in July, which ordered the arrest of Dilidili’s founder for copyright infringement. The years-long case has drawn widespread attention among Chinese mainstream media given Dilidili’s outright copy-and-paste from Bilibili, which is China’s hit video site for streaming licensed Japanese anime content. The episode is also an example of a failed attempt by Chinese companies to use the concept of cryptocurrency and blockchain decentralization to rejuvenize their businesses. Founded in 2010, Bilibili.com has grown into one of the top video sites in China. It specializes in streaming licensed Japanese animation that targets China’s Generation Z population. Bilibili reportedly has some 170 million monthly active users. Bilibili went public on Nasdaq in March 2018 with a raise of $483 million. Earlier this year, Sony invested another $400 million in Bilibili and bought over 4% of its shares. The dispute between Bilibili and Dilidili started in 2015, when Dilidili was created with a name that appeared to be mimicking the incumbent. Soon after its creation, Dilidili had allegedly downloaded more than 3,000 episodes of Japanese animation from Bilibili and then uploaded it to its own platform for free viewing so that it could monetize the traffic, according to the Shanghai prosecutor’s arrest order. In January 2019, Bilibili brought a lawsuit against Dilidili and demanded some $4.3 million as damage claims due to Dilidili’s alleged trademark and copyright infringement. In a notable pivot, Dilidili tapped into the 2019 frenzy of cryptocurrency initial exchange offerings (IEO) in order to build a blockchain-based community governance ecosystem. Dilidili launched its token, DILI, on the ethereum platform and did the IEO on Chinese exchange Gate.io in August 2019. According to Gate.io’s announcement on Aug. 28, Dilidili achieved its goal of raising $2.1 million by selling 1.5 billion DILI, although the total subscription orders it received from Gate.io users were worth over $70 million. The trading started on the same date with a starting price of $0.00143 per DILI. But soon after trading began, several news reports emerged online with accusations of Dilidili running an illegal fundraise becaause China had banned token-based fundraising activities. The price of DILI on Gate.io has since plunged by over 90% to just $0.000253. Originally published by Wolfie Zhao | September 30, 2020 Coindesk
08-11 01:54 - 'Canaan's Co-Chairman was 'Out', Chinese BIG3 Bitcoin Miner Makers under Inner Wars' (self.Bitcoin) by /u/CjOnChain removed from /r/Bitcoin within 964-974min
''' [link]1 The Bitcoin miner maker Canaan Creative (NASDAQ: CAN) lately announced that five members of their board are leaving. As told, the terms of office of two directors, namely Jianping Kong and Qifeng Sun, expired on July 31, and three of its independent directors, namely Hong Zhang, Xiaohu Yang and Mei Luo, expired on August 1. It is noteworthy that all the departing directors are not allowed to seek appointments nor participate in the elections of the board of directors after the expiration of their terms of office. On July 9, Canaan Creative’s Hangzhou headquarter underwent business registration record modification. Former directors Kong, Sun and Li Jiaxuan, as well as supervisor Tu Songhua withdrew from the board, and Meng Lu was added as the new supervisor. "The corporate contact person also changed from Zhang Jing to Zhang Ning. According to the news, recently, the founder Zhang Nangeng had come with some Canaan Creative executives from Beijing to Hangzhou, dismissed a number of managers of Hangzhou headquarter, took away the official seal and business license of the company, later that day, some employees called the police. [link]2 The same as Bitmain, the first NASDAQ listed Bitcoin miner maker Canaan Creative also built the VIE structure, the main body of the company set up in the Cayman Islands. According to some sources, there has been a power struggle in Canaan Creative, between Zhang’s Beijing office and Kong’s Hangzhou office. In response to what happened in Hangzhou, Canaan Creative said that, "after the registration modification, the company is running normally, and all subsidiaries in China are headed by Zhang as the company's executive director, general manager and legal representative”. The power struggle in Canaan is not a single case. As the former industry dominant, BitMain technologies, who has released IPO prospectus in 2018 but with no progress, stuck in a Cayman Islands lawsuit between two founders. Its business is also badly affected. While another rising star MicroBT’s founder suffered from the disaster behind bars. December 12, 2019, Shenzhen Nanshan Court announced that the criminal suspect Yang Zhenxing was arrested by the crime of official encroachment. Outpost OnChain confirmed the news with MicroBT at the first moment. [link]3 Dr. Yang was graduated from Tsinghua University, had been the former miner chip design supervisor in BitMain and worked for the mysterious miner maker ‘FriedCat’. He had designed so-called BE300 chip using a "full custom methodology", the chip failed to go into mass production with the disappearance of FriedCat. Yang disclosed the "Full Custom Methodology” to the founder of BitMain, Zhan Ketuan, which can significantly reduce the cost and power consumption of the chip. Yang worked part-time to help design the S7 miner (1385 chip) and the S9 miner (1385 chip) that made BitMain's mining dominance possible. In 2016, Yang left BitMain and built up Shenzhen MicroBT Electronic Technology Company. Subsequently, MicroBT released a number of high-performance crypto mining products, quickly squeezed into the market, which had shaken the market dominance of BitMain. Later on, BitMain launched a patent ownership and infringement dispute lawsuit against MicroBT. However, a source said that there are some hidden facts behind Yang's arrest. As the source acknowledged, during the end of 2019, the lawsuit between BitMain and MicroBT made significant progress, law enforcement officers from Beijing has come to Shenzhen to handle the case. Right at this point, as the chairman, general manager and the actual beneficiary of MicroBT, Yang arrested by a 100 thousands RMB worth embezzlement case. The case between BitMain suspended after that. The timeliness of the embezzlement case and the identity of the informer are worthy of considering. Satoshi Nakamoto may not have imagined the emergence of ASIC chips when he published the Bitcoin white paper. The mining machine, a money-printing artifact, has created wealth for mining giants such as BitMain, MicroBT and Canaan Creative in just a few years. While the rapid accumulation of wealth, pathetic stories have also been staged, from the vanish of the FriedCat to the BitMain’s official seal wresting case. The road less traveled may not be the right path for everyone. ''' Canaan's Co-Chairman was 'Out', Chinese BIG3 Bitcoin Miner Makers under Inner Wars Go1dfish undelete link unreddit undelete link Author: CjOnChain 1: p*e*iew.redd.it/c*****q*b5g51.jpg*width=16*0&f*rmat=pj*g&*m*;*uto=*eb*&s=*d609326*f*b62c*9e****be8*947**abfb8b**4 2: pre*iew.r*dd.it**o7z24z8b*g51.png*wi*th=*176&*mp;f*rm*t=**g&*aut*=webp&a*p;s=224cf*10**a*550***54d3*e0*6d1e929**7e*** 3: previ*w.red*.**/8*i23*bab5*5*.jpg*w*dth=1*80&*mp*fo*mat=pjp*&*mp*au*o=web**amp;s=7e289df*ce**2d9ca2de9**c0ce2847c2**e***f Unknown links are censored to prevent spreading illicit content.
Hello community! Here is report from XMR.RU-team. The following articles/manuals were translated into Russian and posted not only on XMR.RU but also on Bitcointalk, Bits.Media, different crypto-chats, etc. If you would like to read the original article in English, then, open the article you are interested in, and at the end of each article you will find a link to the source.
--- I don't know you. Who are you? We are the biggest local Monero community from Russia, Ukraine, Belarus etc. You can support our enthusiasm in spreading information about Monero among the CIS countries! XMR: 42CxJrG1Q8HT9XiXJ1Cim4Sz18rM95UucEBeZ3x6YuLQUwTn6UWo9ozeA7jv13v8H1FvQn9dgw1Gw2VMUqdvVN1T9izzGEt If you' re using the CLI: transfer donate.xmr.ru Here you can find the viewkey from our wallet, and see how donations are spent. --- P.S. I would like to remind you that we are a non-profit community and we do not advertise on our forum, Telegram Chat / News Channel, etc. We have been asked to place ads more than once, but we always refuse.
Listen neckbeard, in a democracy you don't have to cure cancer before you tell some wanker on the internet that they fucked up. And besides, if I think he caused more damage over all than good, wouldn't me doing nothing be enough of an achievement to tell a wanker to stfu? You know? So ask the right questions. Also... Just to be really clear, I was using Einstein sarcastically as an insult.
Do we now have a potential VPN criminal conglomerate?
As many of you have already read, Private Internet Access has recently been acquired by a company named “Kape Technologies”. “Kape Technologies” is a huge company that also owns the likes of CyberGhost VPN as well as Zenmate. I decided to read more and found facts that thoroughly shocked me: • CyberGhost was acquired by “Kape Technologies” (previously named “Crossrider”) back in 2017. “Crosrider” was known to hide malware/adware in their software and then sell data collected by it. • The co-founder of “Kape Technologies”, Teddy Sagi was sentenced to prison in regards to fraud and bribery back in 1996. • CyberGhost VPN service was also found to have WebRTC, IPv6 as well as DNS leaks multiple times, risking its users’ privacy. • Private Internet Access hired Mark Karpeles (ex-CEO of MT.Gox BitCoin platform) as their CTO. Karpeles was arrested and found guilty when tampering with financial records, trying to hide the platform’s loss by combining his personal finances with the exchange’s. • Private Internet Access’s founder, Andrew Lee, also known as “Rasengan” on HackerNews, made serious allegations against ProtonVPN. • Allegations against NordVPN followed, where PIA’s employee was caught sharing a misleading PDF as a ‘concerned citizen’. • An ex-employee of Private Internet Access was threatened due to disclosing management issues, therefore spilling a lot of information about the company. • The same employee disclosed that PIA faked Reddit comments and ordered to downvote negative feedback about the product. • Another thing to consider is that before acquisition, Private Internet Access was in debt of over $32 million. The facts about these companies were easy to find, to be honest, I didn’t need to dig deep to find them. I am just truthfully shocked about this and how much I didn’t know about the companies beforehand. Personally, given this knowledge, I am not going to support these companies, especially when they potentially have criminal past and present activities. P.S. Had to use my relative's account just cause someone is working hard to remove these posts :) Edit: By the way - has anyone tried sharing these news with journalists, for example, PcMag or TechRadar (they're unbiased imho)? I don't see the story being covered at all, especially with these added details
Do we now have a potential VPN criminal conglomerate?
As many of you have already read, Private Internet Access has recently been acquired by a company named “Kape Technologies”. “Kape Technologies” is a huge company that also owns the likes of CyberGhost VPN as well as Zenmate. I decided to read more and found facts that thoroughly shocked me: • CyberGhost was acquired by “Kape Technologies” (previously named “Crossrider”) back in 2017. “Crosrider” was known to hide malware/adware in their software and then sell data collected by it. • The co-founder of “Kape Technologies”, Teddy Sagi was sentenced to prison in regards to fraud and bribery back in 1996. • CyberGhost VPN service was also found to have WebRTC, IPv6 as well as DNS leaks multiple times, risking its users’ privacy. • Private Internet Access hired Mark Karpeles (ex-CEO of MT.Gox BitCoin platform) as their CTO. Karpeles was arrested and found guilty when tampering with financial records, trying to hide the platform’s loss by combining his personal finances with the exchange’s. • Private Internet Access’s founder, Andrew Lee, also known as “Rasengan” on HackerNews, made serious allegations against ProtonVPN. • Allegations against NordVPN followed, where PIA’s employee was caught sharing a misleading PDF as a ‘concerned citizen’. • An ex-employee of Private Internet Access was threatened due to disclosing management issues, therefore spilling a lot of information about the company. • The same employee disclosed that PIA faked Reddit comments and ordered to downvote negative feedback about the product. • Another thing to consider is that before acquisition, Private Internet Access was in debt of over $32 million. The facts about these companies were easy to find, to be honest, I didn’t need to dig deep to find them. I am just truthfully shocked about this and how much I didn’t know about the companies beforehand. Personally, given this knowledge, I am not going to support these companies, especially when they potentially have criminal past and present activities.
The biggest cryptocurrency thefts in the last 10 years
In this article, we will try to remember all the major theft of cryptocurrencies over the past 10 years. 1. Bitstamp $5.3 mln (BTC), January 4th, 2015 On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost. The initiation of the attack fell on November 4, 2014. Then Damian Merlak, the CTO of the exchange, was offered free tickets to punk rock festival Punk Rock Holiday 2015 via Skype, knowing that Merlak is interested in such music and he plays in the band. To receive the tickets, he was asked to fill out a participant questionnaire by sending a file named “Punk Rock Holiday 2015 TICKET Form1.doc”. This file contained the VBA script. By opening the file, he downloaded the malware on his computer. Although Merlak did not suspect wrong and has opened the "application form", to any critical consequences, this did not open access to the funds of exchange. The attackers, however, did not give up. The attack continued for five weeks, during which hackers presented themselves as journalists, then headhunters. Finally, the attackers were lucky. On December 11, 2014, the infected word document was opened on his machine by Bitstamp system administrator Luka Kodric, who had access to the exchange wallet. The file came to the victim by email, allegedly on behalf of an employee of the Association for computer science, although in fact, as the investigation showed, the traces of the file lead deep into Tor. Hackers were not limited to just one letter. Skype attacker pretending to be an employee of the Association for computing machinery, convinced that his Frame though to make international honor society, which required some paperwork. Kodric believed. By installing a Trojan on Kodriс's computer hackers were able to obtain direct access to the hot wallet of the exchange. The logs show that the attacker, under the account of Kodric, gained access to the server LNXSRVBTC, where he kept the wallet file.dat, and the DORNATA server where the password was stored. Then the servers were redirected to a certain IP address that belongs to one of the providers of Germany. There are still no official reports of arrests in this case. Obviously, the case is complicated by the fact that the hackers are outside the UK, and the investigation has to cooperate with law enforcement agencies in other countries. 2. GateHub $9.5 mln (XRP), June 1th, 2019 Hackers have compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was reported by GateHub in a preliminary statement on June 6. XRP enthusiast Thomas Silkjær, who first noticed the suspicious activity, estimates that the hackers have stolen nearly $10 million worth of cryptocurrency (23,200,000 XRP), $5.5 million (13,100,000 XRP) of which has already been laundered through exchanges and mixer services. GateHub notes that it is still conducting an investigation and therefore cannot publish any official findings. Also, GateHub advises victims to make complaints to the relevant authorities of their jurisdiction. 3. Tether, $30.9 mln (USDT), November 19th, 2017 Tether created a digital currency called "US tokens" (USDT) — they could be used to trade real goods using Bitcoin, Litecoin and Ether. By depositing $1 in Tether, the user received 1 USD, which can be converted back into fiat. On November 19, 2017, the attacker gained access to the main Tether wallet and withdrew $ 30.9 million in tokens. For the transaction, he used a Bitcoin address, which means that it was irreversible. To fix the situation, Tether took action by which the hacker was unable to withdraw the stolen money to fiat or Bitcoin, but the panic led to a decrease in the value of Bitcoin. 4. Ethereum, $31 mln (ETH), July 20th, 2017 On July 20, 2017, the hacker transferred 153,037 Ethers to $31 million from three very large wallets owned by SwarmCity, Edgeless Casino and Eternity. Unknown fraudster managed to change the ownership of wallets, taking advantage of the vulnerability with multiple signatures. First, the theft was noticed by the developers of SwarmCity. Further events deserve a place in history: "white hackers" returned the stolen funds, and then protected other compromised accounts. They acted in the same way as criminals, who stole funds from vulnerable wallets — just not for themselves. And it all happened in less than a day. 5. Dao (Decentralized Autonomous Organization) $70 mln (ETH), June 18th, 2016 On June 18, 2016, members of the Ethereum community noticed that funds were being drained from the DAO and the overall ETH balance of the smart contract was going down. A total of 3.6 million Ether (worth around $70 million at the time) was drained by the hacker in the first few hours. The attack was possible because of an exploit found in the splitting function. The attackes withdrew Ether from the DAO smart contract multiple times using the same DAO Tokens. This was possible due to what is known as a recursive call exploit. In this exploit, the attacker was able to "ask" the smart contract (DAO) to give the Ether back multiple times before the smart contract could update its own balance. There were two main faults that made this possible: the fact that when the DAO smart contract was created the coders did not take into account the possibility of a recursive call, and the fact that the smart contract first sent the ETH funds and then updated the internal token balance. It's important to understand that this bug did not come from Ethereum itself, but from this one application that was built on Ethereum. The code written for the DAO had multiple bugs, and the recursive call exploit was one of them. Another way to look at this situation is to compare Ethereum to the Internet and any application based on Ethereum to a website: if a website is not working, it doesn't mean that the Internet is not working, it simply means that one website has a problem. The hacker stopped draining the DAO for unknown reasons, even though they could have continued to do so. The Ethereum community and team quickly took control of the situation and presented multiple proposals to deal with the exploit. In order to prevent the hacker from cashing in the Ether from his child DAO after the standard 28 days, a soft-fork was voted on and came very close to being introduced. A few hours before it was set to be released, a few members of the community found a bug with the implementation that opened a denial-of-service attack vector. This soft fork was designed to blacklist all the transactions made from the DAO. 6. NiceHash, 4736.42 (BTC), December 6th, 2017 NiceHash is a Slovenian cryptocurrency hash power broker with integrated marketplace that connects sellers of hashing power (miners) with buyers of hashing power using the sharing economy approach. On December 6, 2017, the company's servers became the target of attack. At first, Reddit users reported that they could not access their funds and make transactions — when they tried to log in, they were shown a message about a service interruption. In the end, it became known that the service had undergone a major cyberattack and 4736,42 Bitcoins disappeared without a trace. Despite heavy losses, NiceHash was able to continue working, but CEO and founder Marco Koval resigned, giving way to a new team. The company managed to maintain the trust of investors and began to strengthen the protection of its systems. 7. Mt.Gox, 850000 (BTC), June 19th, 2011 The Hacking Of Mt.Gox was one of the biggest Bitcoin thefts in history. It was the work of highly professional hackers using complex vulnerabilities. A hacker (or a group of hackers) allegedly gained access to a computer owned by one of the auditors and used a security vulnerability to access Mt.Gox servers, then changed the nominal value of Bitcoin to 1 cent per coin. Then they brought out about 2000 BTC. Some customers, without knowing it, conducted transactions at this low price, a total of 650 BTC, and despite the fact that the hacking hit the headlines around the world, no Bitcoin could be returned. To increase investor confidence, the company has compensated all of the stolen coins, placed most of the remaining funds in offline storage, and the next couple of years was considered the most reliable Bitcoin exchanger in the world. However, it was only an illusion of reliability. The problems of the organization were much more serious, and the management probably did not even know about them. CEO of Mt.Gox, Mark Karpeles, was originally a developer, but over time he stopped delving into technical details, basking in the rays of glory — because he created the world's largest platform for cryptocurrency exchange. At that time Mt.Gox handled over 70% of all Bitcoin transactions. And, of course, there were those who wanted to take advantage of the technological weakness of the service. At some point, hackers made it so that Bitcoins could be bought at any price, and within minutes millions of dollars worth of coins were sold — mostly for pennies. World prices for Bitcoin stabilized in a few minutes, but it was too late. As a result, Mt.Gox lost about 850,000 Bitcoins. The exchange had to declare bankruptcy, hundreds of thousands of people lost money, and the Japanese authorities arrested CEO Mark Karpeles for fraud. He pleaded not guilty and was subsequently released. In 2014, the authorities restored some of the Bitcoins remaining at the old addresses, but did not transfer them to the exchange, and created a trust to compensate for the losses of creditors. 8. Coincheck, $530 mln, January 26th, 2018 The sum was astonishing, and even surpassed the infamous Mt.Gox hack. While Mt.Gox shortly filed for bankruptcy following the hack, Coincheck has surprisingly remained in business and was even recently approved as a licensed exchange by Japan’s Financial Services (FSA). Coincheck was founded in 2014 in Japan and was one of the most popular cryptocurrency exchanges in the country. Offering a wide variety of digital assets including Bitcoin, Ether, LISK, and NEM, Coincheck was an emerging exchange that joined the Japan Blockchain Association. Since Coincheck was founded it 2014, it was incidentally not subject to new exchange registration requirements with Japan’s FSA — who rolled out a framework after Mt. Gox –, and eventually was a contributing factor to its poor security standards that led to the hack. On January 26th, 2018, Coincheck posted on their blog detailing that they were restricting NEM deposits and withdrawals, along with most other methods for buying or selling cryptocurrencies on the platform. Speculation arose that the exchange had been hacked, and the NEM developers issued a statement saying they were unaware of any technical glitches in the NEM protocol and any issues were a result of the exchange’s security. Coincheck subsequently held a high-profile conference where they confirmed that hackers had absconded with 500 million NEM tokens that were then distributed to 19 different addresses on the network. Totaling roughly $530 million at the time — NEM was hovering around $1 then — the Coincheck hack was considered the largest theft in the industry’s history. Coincheck was compelled to reveal some embarrassing details about their exchange’s security, mentioning how they stored all of the NEM in a single hot wallet and did not use the NEM multisignature contract security recommended by the developers. Simultaneously, the NEM developers team had tagged all of the NEM stolen in the hack with a message identifying the funds as stolen so that other exchanges would not accept them. However, NEM announced they were ending their hunt for the stolen NEM for unspecified reasons several months later, and speculation persisted that hackers were close to cashing out the stolen funds on the dark web. Mainstream media covered the hack extensively and compared it to similar failures by cryptocurrency exchanges in the past to meet adequate security standards. At the time, most media coverage of cryptocurrencies was centered on their obscure nature, dramatic volatility, and lack of security. Coincheck’s hack fueled that narrative considerably as the stolen sum was eye-popping and the cryptocurrency used — NEM — was unknown to most in the mainstream. NEM depreciated rapidly following the hack, and the price fell even more throughout 2018, in line with the extended bear market in the broader industry. Currently, NEM is trading at approximately $0.07, a precipitous fall from ATH over $1.60 in early January. The extent of the Coincheck hack was rivaled by only a few other hacks, notably the Mt.Gox hack. While nominally Coincheck is the largest hack in the industry’s history, the effects of Mt.Gox were significantly more impactful since the stolen funds consisted only of Bitcoin and caused a sustained market correction as well as an ongoing controversy with the stolen funds and founder. Moreover, Mt.Gox squandered 6% of the overall Bitcoin circulation at the time in a market that was much less mature than it is today. Despite the fallout, Coincheck is now fully operational and registered with Japan’s FSA. As practice shows, people make mistakes and these mistakes can cost a lot. Especially, when we talk about mad cryptoworld. Be careful and keep your private keys in a safe place.
A few stories about Brian Krebs: The independent cybercrime journalist who exposes criminals on the internet
First, a bit of introduction before we get into the living drama that is Brian Krebs. Brian Krebs has been a journalist for decades, starting in the late 90s. He got his start at The Washington Post, but what he's most famous for are his exposes on criminal businesses and individuals who perpetuate cyber crime worldwide. In 2001, he got his interest in cybercrime piqued when a computer worm locked him out of his own computer. In 2005, he shifted from working as a staff writer at The Washington Post's tech newswire to writing for their security blog, "Security Wire". During his tenure there, he started by focusing on the victims of cybercrime, but later also started to focus on the perpetrators of it as well. His reporting helped lead to the shutdown of McColo, a hosting provider who provided service to some of the world's biggest spammers and hackers. Reports analyzing the shutdown of McColo estimated that global spam volume dropped by between 40 and 70 percent. Further analysis revealed it also played host to child pornography sites, and the Russian Business Network, a major Russian cybercrime ring. In 2009, Krebs left to start his own site, KrebsOnSecurity. Since then, he's been credited with being the first to report on major events such as Stuxnet and when Target was breached, resulting in the leakage of 40 million cards. He also regularly investigates and reveals criminals' identities on his site. The latter has made him the bane of the world of cybercrime, as well as basically a meme, where criminals will include references like Made by Brian Krebs in their code, or name their shops full of stolen credit cards after him. One of his first posts on his new site was a selection of his best work. While not particularly dramatic, they serve as an excellent example of dogged investigative work, and his series reveal the trail of takedowns his work has documented, or even contributed to. And now, a selection of drama involving Krebs. Note, all posts are sarcastically-tinged retellings of the source material which I will link throughout. I also didn't use the real names in my retellings, but they are in the source material. This took way too long to write, and it still does massively condense the events described in the series. Krebs has been involved with feuds with other figures, but I'd argue these tales are the "main" bits of drama that are most suited for here.
Fly on the Wall
By 2013, Krebs was no stranger to cybercriminals taking the fight to the real world. He was swatted previously to the point where the police actually know to give him a ring and see if there'd actually been a murder, or if it was just those wacky hackers at it again. In addition, his identity was basically common knowledge to cybercriminals, who would open lines of credit in his name, or find ways to send him money using stolen credit cards. However, one particular campaign against him caught his eye. A hacker known as "Fly" aka "Flycracker" aka "MUXACC1" posted on a Russian-language fraud forum he administered about a "Krebs fund". His plan was simple. Raise Bitcoin to buy Heroin off of a darknet marketplace, address it to Krebs, and alert his local police via a spoofed phone call. Now, because Krebs is an investigative journalist, he develops undercover presences on cybercrime forums, and it just so happened he'd built up a presence on this one already.
Guys, it became known recently that Brian Krebs is a heroin addict and he desperately needs the smack, so we have started the "Helping Brian Fund", and shortly we will create a bitcoin wallet called "Drugs for Krebs" which we will use to buy him the purest heroin on the Silk Road. My friends, his withdrawal is very bad, let’s join forces to help the guy! We will save Brian from the acute heroin withdrawal and the world will get slightly better!
Fly had first caught Krebs' attention by taunting him on Twitter, sending him Tweets including insults and abuse, and totally-legit looking links. Probably either laced with malware, or designed to get Krebs' IP. He also took to posting personal details such as Krebs' credit report, directions to his house, and pictures of his front door on LiveJournal, of all places. So, after spotting the scheme, he alerted his local police that he'd probably have someone sending him some China White. Sure enough, the ne'er-do-wells managed to raise 2 BTC, which at the time was a cool $200 or so. They created an account on the premiere darknet site at the time, The Silk Road under the foolproof name "briankrebs7". They found one seller who had consistently high reviews, but the deal fell through for unknown reasons. My personal theory is the seller decided to Google where it was going, and realized sending a gram of dope into the waiting arms of local law enforcement probably wasn't the best use of his time. Still, the forum members persevered, and found another seller who was running a buy 10 get 2 free promotion. $165 of Bitcoin later, the drugs were on their way to a new home. The seller apparently informed Fly that the shipment should arrive by Tuesday, a fact which he gleefully shared with the forum. While our intrepid hero had no doubt that the forum members were determined to help him grab the tail of the dragon, he's not one to assume without confirmation, and enlisted the help of a graduate student at UCSD who was researching Bitcoin and anonymity on The Silk Road, and confirmed the address shared by Fly was used to deposit 2 BTC into an account known to be used for money management on the site. By Monday, an envelope from Chicago had arrived, containing a copy of Chicago confidential. Taped inside were tiny baggies filled with the purported heroin. Either dedicated to satisfied customers, or mathematically challenged, the seller had included thirteen baggies instead of the twelve advertised. A police officer arrived to take a report and whisked the baggies away. Now, Fly was upset that Krebs wasn't in handcuffs for drug possession, and decided to follow up his stunt by sending Krebs a floral arrangement shaped like a cross, and an accompanying threatening message addressed to his wife, the dire tone slightly undercut by the fact that it was signed "Velvet Crabs". Krebs' curiosity was already piqued from the shenanigans with the heroin, but with the arrival of the flowers decided to dive deeper into the сука behind things. He began digging into databases from carding sites that had been hacked, but got his first major breakthrough to his identity from a Russian computer forensics firm. Fly had maintained an account on a now-defunct hacking forum, whose database was breached under "Flycracker". It turns out, the email Flycracker had used was also hacked at some point, and a source told Krebs that the email was full of reports from a keylogger Fly had installed on his wife's computer. Now, because presumably his wife wasn't part of, or perhaps even privy to her husband's illicit dealings, her email account happened to be her full legal name, which Krebs was able to trace to her husband. Now, around this time, the site Fly maintained disappeared from the web, and administrators on another major fraud forum started purging his account. This is a step they typically take when they suspect a member has been apprehended by authorities. Nobody knew for sure, but they didn't want to take any chances. More research by Krebs revealed that the criminals' intuition had been correct, and Fly was arrested in Italy, carrying documents under an assumed name. He was sitting in an Italian jail, awaiting potential extradition to the United States, as well as potentially facing charges in Italy. This was relayed to Krebs by a law enforcement official who simply said "The Fly has been swatted". (Presumably while slowly removing a pair of aviator sunglasses) While Fly may have been put away, the story between Krebs and Fly wasn't quite over. He did end up being extradited to the US for prosecution, but while imprisoned in Italy, Fly actually started sending Krebs letters. Understandably distrustful after the whole "heroin" thing, his contacts in federal law enforcement tested the letter, and found it to be clean. Inside, there was a heartfelt and personal letter, apologizing for fucking with Krebs in so many ways. He also forgave Krebs for posting his identity online, leading him to muse that perhaps Fly was working through a twelve-step program. In December, he received another letter, this time a simple postcard with a cheerful message wishing him a Merry Christmas and a Happy New Year. Krebs concluded his post thusly:
Cybercrooks have done some pretty crazy stuff to me in response to my reporting about them. But I don’t normally get this kind of closure. I look forward to meeting with Fly in person one day soon now that he will be just a short train ride away. And he may be here for some time: If convicted on all charges, Fly faces up to 30 years in U.S. federal prison.
Criminals are none too happy when they find their businesses and identities on the front page of KrebsOnSecurity. It usually means law enforcement isn't far behind. One such business was known as vDOS. A DDOS-for-hire (also known as a "booter" or a "stresser") site that found itself hacked, with all their customer records still in their databases leaked. Analysis of the records found that in a four-month time span, the service had been responsible for about 8.81 years worth of attack time, meaning on average at any given second, there were 26 simultaneous attacks running. Interestingly, the hack of vDOS came about from another DDOS-for-hire site, who as it turns out was simply reselling services provided by vDOS. They were far from the only one. vDOS appeared to provide firepower to a large number of different resellers. In addition to the attack logs, support messages were also among the data stolen. This contained some complaints from various clients who complained they were unable to launch attacks against Israeli IPs. This is a common tactic by hackers to try and avoid unwanted attention from authorities in their country of residence. This was confirmed when two men from Israel were arrested for their involvement in owning and running vDOS. However, this was just the beginning for this bit of drama. The two men arrested went by the handles "applej4ck" and "Raziel". They had recently published a paper on DDOS attack methods in an online Israeli security magazine. Interestingly, on the same day the men were arrested, questioned, and released on bail, vDOS went offline. Not because it had been taken down by Israeli authorities, not because they had shut it down themselves, but because a DDOS protection firm, BackConnect Security, had hijacked the IP addresses belonging to the company. To spare a lot of technical detail, it's called a BGP hijack, and it basically works by a company saying "Yeah, those are our addresses." It's kind of amazing how much of the internet is basically just secured by the digital equivalent of pinky swears. You can read some more technical detail on Wikipedia. Anyway, we'll get back to BackConnect. Following the publication of the story uncovering the inner workings of vDOS, KrebsOnSecurity was hit with a record breaking DDOS attack, that peaked at 620/Gbps, nearly double the most powerful DDOS attack previously on record. To put that in perspective, that's enough bandwidth to download 5 simultaneous copies of Interstellar in 4K resolution every single second, and still have room to spare. The attack was so devastating, Akamai, one of the largest providers of DDOS protection in the world had to drop Krebs as a pro bono client. Luckily, Google was willing to step in and place his site under the protection of Google's Project Shield, a free service designed to protect the news sites and journalists from being knocked offline by DDOS attacks. This attack was apparently in retaliation for the vDOS story, since some of the data sent in the attack included the string "freeapplej4ck". The attack was executed by a botnet of Internet of Things (or IoT) devices. These are those "smart" devices like camera systems, routers, DVRs. Basically things that connect to the cloud. An astounding amount of those are secured with default passwords that can be easily looked up from various sites or even the manufacturers' websites. This was the start of a discovery of a massive botnet that had been growing for years. Now time for a couple quick side stories: Dyn, a company who provides DNS to many major companies including Twitter, Reddit, and others came under attack, leaving many sites (including Twitter and Reddit) faltering in the wake of it. Potentially due to one of their engineers' collaboration with Krebs on another story. It turned out that the same botnet that attacked Krebs' site was at least part of the attack on Dyn And back to BackConnect, that DDOS protection firm that hijacked the IP addresses from vDOS. Well it turns out BGP Hijacks are old hat for the company. They had done it at least 17 times before. Including at least once (purportedly with permission) for the address 220.127.116.11. Aka, "leet". It turns out one of the co-founders of BackConnect actually posted screenshots of him visiting sites that tell you your public IP address in a DDOS mitigation industry chat, showing it as 18.104.22.168. They also used a BGP Hijack against a hosting company and tried to frame a rival DDOS mitigation provider. Finally, another provider, Datawagon was interestingly implicated in hosting DDOS-for-hire sites while offering DDOS protection. In a Skype conversation where the founder of Datawagon wanted to talk about that time he registered dominos.pizza and got sued for it, he brings up scanning the internet for vulnerable routers completely unprompted. Following the publication of the story about BackConnect, in which he was included in, he was incensed about his portrayal, and argued with Krebs over Skype before Krebs ultimately ended up blocking him. He was subsequently flooded with fake contact requests from bogus or hacked Skype accounts. Shortly thereafter, the record-breaking DDOS attack rained down upon his site. Back to the main tale! So, it turns out the botnet of IoT devices was puppeteered by a malware called Mirai. How did it get its name? Well, that's the name its creator gave it, after an anime called Mirai Nikki. How did this name come to light? The creator posted the source code online. (The name part, not the origin. The origin didn't come 'til later.) The post purported that they'd picked it up from somewhere in their travels as a DDOS industry professional. It turns out this is a semi-common tactic when miscreants fear that law enforcement might come looking for them, and having the only copy of the source code of a malware in existence is a pretty strong indicator that you have something to do with it. So, releasing the source to the world gives a veneer of plausible deniability should that eventuality come to pass. So who was this mysterious benefactor of malware source? They went by the name "Anna-senpai". As research on the Mirai botnet grew, and more malware authors incorporated parts of Mirai's source code into their own attacks, attention on the botnet increased, and on the people behind it. The attention was presumably the reason why Hackforums, the forum where the source code was posted, later disallowed ostensible "Server Stress Tester" services from being sold on it. By December, "Operation Tarpit" had wrought 34 arrests and over a hundred "knock and talk" interviews questioning people about their involvement. By January, things started to come crashing down. Krebs published an extensive exposé on Anna-senpai detailing all the evidence linking them to the creation of Mirai. The post was so big, he included a damn glossary. What sparked the largest botnet the internet had ever seen? Minecraft. Minecraft servers are big business. A popular one can earn tens of thousands of dollars per month from people buying powers, building space, or other things. It's also a fiercely competitive business, with hundreds of servers vying for players. It turns out that things may have started, as with another set of companies, two rival DDOS mitigation providers competing for customers. ProTraf was a provider of such mitigation technology, and a company whose owner later worked for ProTraf had on at least one occasion hijacked addresses belonging to another company, ProxyPipe. ProxyPipe had also been hit with DDOS attacks they suspected to be launched by ProTraf. While looking into the President of ProTraf, Krebs realized he'd seen the relatively uncommon combination of programming languages and skills posted by the President somewhere else. They were shared by Anna-senpai on Hackforums. As Krebs dug deeper and deeper into Anna-senpai's online presence, he uncovered other usernames, including one he traced to some Minecraft forums where a photoshopped picture of a still from Pulp Fiction contained the faces of BackConnect, which was a rival to ProTraf's DDOS mitigation business, and another face. A hacker by the name of Vyp0r, who another employee of ProTraf claimed betrayed his trust and blackmailed him into posting the source of another piece of malware called Bashlite. There was also a third character photoshopped into the image. An anime character named "Yamada" from a movie called B Gata H Hei. Interestingly, under the same username, Krebs found a "MyAnimeList" profile which, out of 9 titles it had marked as watched, were B Gata H Hei, as well as Mirai Nikki, the show from which Mirai derived its name. It continues on with other evidence, including DDOS attacks against Rutgers University, but in short, there was little doubt in the identity of "Anna-senpai", but the person behind the identity did contact Krebs to comment. He denied any involvement in Mirai or DDOS attacks.
"I don’t think there are enough facts to definitively point the finger at me," [Anna-senpai] said. "Besides this article, I was pretty much a nobody. No history of doing this kind of stuff, nothing that points to any kind of sociopathic behavior. Which is what the author is, a sociopath."
I don't have the time or energy to write another effortpost, and as is I'm over 20,000 characters, so here's a few other tidbits of Krebs' clashes with miscreants.
A source and security researcher he was talking to started blabbing about him working with Krebs, and also was selling data to hackers on the side. His example data in his sales post was fucking Brian Krebs'.
Another male feminist gets accused of sexual assault. The kicker? he was the founder of Study of Men and Masculinities at Stony Brook. The university that was recommended to braincels after the quarantine. (653 points, 283 comments)
ETC 51% attack, a nightmare for small altcoins As a top 20 crypto asset, Ethereum Classic is not seen as an easy target for a 51 percent attack, and yet in early January, its blockchain was successfully hijacked for several days with estimated losses of $1.1 million. This attack has caused many people to panic, as the small PoW consensus coins are vulnerable to 51 attacks. Luckily ETC has not been stunned by the 51 attack, after a short fall in prices, ETC quickly created a new record of the highest price.
The only not cool thing about Grin coin is its price Grin, with the “three nada” label-no ICO, no pre-digging, and no investors, was officially launched on 16 January. “Bitcoin 2.0”, “super privacy coins”… the cryptocurrency community was willing to give it all the good crowns. After the launch of its main network, the price of Grin coin has jumped up and down as was expected. Although Grin has experienced some bad luck as the dropout of its core developer Gary, by launching of the Asic mining machine and the Grin foundation receiving 50 bitcoin donations, this unique project is still motivated to move forward.
Lightning Network passed the torch all around the world and it is only a beginning On January 19, 2019, Bitcoinist Hodlonaut began a social experiment dubbed “Lightning Torch” to test the capabilities and UX experience of the Lightning Network. In total, the torch has been a great success. Many people believe that 2019 was the year, when the Lightning Network shined. However, its security and the ease of use were frequently challenged. Not long ago, the Bitfinex exchange announced support for Lightning Network deposits and withdrawals. This is a small step for the exchange but definitely a big step for the Lightning Network.
USDT is going to die? Nope, it is still safe and sound New York’s top cop accused USDT’s issuer of participating in a cover-up to hide the loss of about $850 million in client and corporate funds. People have revived doubts about Tether’s claim that each of its so-called stable coins is backed by $1 of assets — a feature that gives the coins a central role in crypto markets around the world. This has made many investors switch their boats to PAX and TUSD. But up to now, dapptotal data shows that USDT still has about 81% market share.
Justin stood Warren Buffett out Justin, Sun Yuchen, officially announced himself the winner of the charity lunch with Warren Buffett, chairman of the holding company Berkshire Hathaway, submitting a record $4.57 million on June, 4. This news has gone viral in China, making Sun a hot topic online. However, because of coming down with kidney stones, Sun decided to postponed this meal, which has made Sun again cover the headlines of the international news media.
Facebook unveils Libra White Paper Libra was officially announced by Facebook and 27 global industry giants on June 18, 2019. With such a global attention, Libra has faced strict regulations all around the world and many global central banks have started working on digital currencies, countering Libra. Over the past six months, after being abandoned by few of its core members of the association, Libra was forced to slow down its pace. However, worth mentioning, because of Libra, blockchain has become the focus of global attention in 2019.
PlusToken may be driving down the price of Bitcoin In July, Chinese media reported that the PlusToken scam attracted over 3 billion worth of cryptocurrency. Six individuals connected to PlusToken were arrested in June. The stolen funds have continued to move through wallets and be cashed out through the independent OTC brokers operating mostly on the Huobi platform. It has been speculated that PlusToken sccammers didn’t just steal $2+ billion worth of cryptocurrency. They may also be driving down the price of bitcoin.
The second halving of Litecoin Litecoin (LTC) has experienced an event that is designated to happen once in four years: the halving of the block rewards. On Aug. 5, 2019, Litecoin rewards for producing a block were halved from 25 LTC to 12.5 LTC. A co-founder of one of the largest mining pools, F2Pool, stated on Weibo that, given the electricity costs of 0.26 yuan ($0.037) per kilowatt per hour, some mining rigs like L3+ could close their business right away.
Bakkt isn’t the chosen one, but it is growing to be the one On September 23, silver-spoon-born Bakkt was officially launched. Specialists believed that it is likely to allow more investors and funds to enter the cryptocurrency industry. However, the platform has faced a great failure and only 72 bitcoins were traded on the first day. In early December, its daily transaction volume has quietly climbed to $ 37 million from only 72 bitcoins. Although the data is still relatively small compared to the top exchanges, being a certified platform by the regulatory body helps a lot. Through the continues development, Bakkt may become the influential platform for the Bitcoin pricing power, which will empower the platform with the super power.
Xi Jinping Urges Accelerated Blockchain Technology Adoption in China China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. President Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24, stressing that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries. The next day after Politburo meeting, the price of Bitcoin soared 42% to $10,500- hitting the biggest daily gain since 2011.
Chinese cryptomining giant Bitmain’s civil war breaks into open On 29 October, the Bitmain co-founder Wu Jihan returned to the company after an absence and replaced Mr Zhan’s name on the company’s registration documents with his own. Mr Wu threatened employees with punishment if they continued to meet or communicate with Mr Zhan or carry out any of his instructions. In the past two months, Wu Jihan offered three tempting and determined mining axes: installment payments, option hedging, and joint mining.
The call of future-Canaan is listed on NASDAQ On November 21, Canaan was listed in NASDAQ, commemorating the first share of the blockchain going public. The listing of Canaan was almost the biggest event in the blockchain industry in November. Unfortunately, CAN broke after a short rise of 40%, falling to $4.65 up to now, reaching half of its listed price. However, worth mentioning is that listing of Canaan represents that the traditional financial world has thrown an olive branch on blockchain concept stocks, marking the beginning of the long way to go.
For more information, please contact us via the following channels:
Here’s the sequel of our previous article. You wanted — you got it. Let’s roll! OneCoin OneCoin is a good example of a Ponzi scheme. In 2015, the Indian company One Coin Limited began to issue digital currency without a blockchain and decentralization. The old-school MLM (Multi-Level Marketing) strategy was used for the distribution of coins. The company was selling a wide range of training packages on crypto trading, mining and successful life. There were textbooks, presentations, and other rubbish, among which were OneCoin tokens. They were supposed to allow users to get even more tokens. But the thing was that only One Coin Limited had exclusive rights to issue of coinage. So there were no other options for mining this coin. On the international conference the founder of OneCoin, Ruja Ignatova, presents these tokens as theBitcoin killer. See how easy it is to fool users? Over the years, the company has spread its network globally. And only in 2017, the project gets into a number of investigations and restrictions. Owners and employees of the company more and more often could not answer questions from investors and carried on with the nonsense about “a bright crypto-future.” Finally, regulators and banks in Italy, Germany, Hungary, Belize, Thailand and other countries have banned the trade of OneCoin and warned users not to get engaged with this company. In early March 2019, the current OneCoin cryptocurrency leader Konstantin Ignatov, brother of Ruja Ignatova, was arrested at Los Angeles airport. He is accused of fraud and creating a financial pyramid. According to the United States Attorney’s Office, Ignatov and his sister misled investors all over the world, and as a result, the people invested billions of dollars in a fraud scheme. They are accused of building a billion-dollar cryptocurrency company, based entirely on deception. FBI Assistant Director-in-Charge William Sweeney, Jr. said:
“OneCoin was a cryptocurrency existing only in the minds of its creators and their co-conspirators. Unlike authentic cryptocurrencies, which maintain records of their investors’ transaction history, OneCoin had no real value. It offered investors no method of tracing their money, and it could not be used to purchase anything. In fact, the only ones who stood to benefit from its existence were its founders and co-conspirators.”
Despite all hardships, One Coin Limited continues to work. If you check out their website you will find everything there: a meaningless text about the benefits of a “revolutionary” token and other signs of a high-quality international project that deceives people. QuadrigaCX It’s not possible to take your savings to the grave, right? More than 100,000 clients of QuadrigaCX are ready to argue with that. So let’s try to recount the details of this strange story. QuadrigaCX was created in 2013 and was Canada’s largest cryptocurrency exchange. In December 2018, Gerald Cotten (founder and CEO of the QuadrigaCX) and his wife — Jennifer Robertson, were in India on their honeymoon. During this trip Cotten suddenly passed away from Crohn’s disease. After his death, it turned out that Gerald was the only one who had access to cold wallets of the exchange platform. Changpeng Zhao (Binance CEO) comments this situation on Twitter:
“That’s sad. There are many solutions to split private keys or signing to achieve 3/5, 5/7 etc. Never neglect security. Also, never have CEO carry private keys. Bad on many levels.”
On January 25, 2019 (that is, almost two months after Cotten’s death) a special meeting was convened to appoint QuadrigaCX’s new directors. As a result, the inconsolable widow Jennifer Robertson, her stepfather Thomas Beazley and Jack Martel were elected to take charge of a company. By the way, this meeting was held by a conference call as the widow was very busy by hastily selling the property of her deceased husband. Indeed, there was something to deal with: a yacht, a plane, and several houses. Also, dearly departed managed to take care of his Chihuahuas by opening a special trust account for them in the amount of $100,000 (which is interesting, as Cotten did not show such forethought about the clients of his company). It’s worth to mention that the clients of QuadrigaCX had problems with the exchange for a long time — mainly related to the withdrawal of funds. The first wake-up calls took place in March 2018, when press reports negatively about delays in the withdrawal of funds the total amount of which exceeded $100,000. But that’s all just moonshine compared to the fact that in June 2017 the exchange platform lost about 15 million Canadian dollars — as explained to the community, due to a bug in the smart contract. As a result, the Canadian Imperial Bank of Commerce (CIBC) froze about $22 million in QuadrigaCX accounts. This happened in November 2018, and for all users, it would have meant the end of a remarkable business but Mr. Cotten wasn’t explaining the problems to customers, wasn’t trying to solve them, and so on. He had just married and went on a honeymoon trip to pass away exactly two weeks after freezing the accounts. As the inconsolable widow stated in her testimony:
“To the best of my knowledge, most of the businesses of these companies was being conducted by Gerry whenever and wherever he and his computer were located”.
In February 2019, the head of Coinbase — Brian Armstrong unveiled the results of an independent investigation into the QuadrigaCX. He reported on his Twitter account the following:
“Sequence of events suggests this was a mismanagement with later attempt to cover for it.”“This implies that at least few people inside Qadriga knew that they were running fractional. If so, then it’s possible that untimely death of their CEO was used as an outlet to let the company sink”.
Brian Armstrong stressed that QuadrigaCX users started complaining about problems with withdrawing money long before Gerald Cotten’s death. Thus, the company management decided to invent a story about private keys on the laptop of the CEO to hide the financial insolvency, one of the reasons for which could be inefficient management. Nowadays, the Canadian cryptocurrency exchange QuadrigaCX is officially bankrupt. Users of the closed Quadriga are now leading legal battles in order to recover their funds. The total amount of which is about $190 million in crypto. The exact circumstances of the disappearance of user deposits remain uncertain. Do you think the story with QuadrigaCX was Exit Scam or Mismanagement? Bitfinex One of the largest crypto scandals of the year broke out on April 30, 2019. The New York State Attorney General’s Office has filed serious accusations against the biggest exchange platform — Bitfinex. According to Leticia James, the exchange platform used the reserves of Tether, an affiliated company to cover up a loss of $850 million. Questions to Tether have been in the air for a long time. In January 2018, the critics of the main stablecoin assumed that the company, in fact, produced more coins than it actually could sustain. Some critics accused the Bitfinex in fraud and manipulation of Tether’s rate and influenced through it on the price of Bitcoin. So what’s up with the Bitfinex? Investigators of the prosecutor’s office claim that the lost money belonged to the clients and iFinex corporation. That is why, back in October 2018, Bitfinex started having problems with the withdrawal of the funds: the clients complained about long response time and a delay in receiving currency. According to the authorities, Bitfinex transferred $850 million to Crypto Capital Corp., the payment company. The Tether reserves were used to fill the gap, but this information was not disclosed to the public. According to the first data, Tether provided funding in the amount of at least $700 million for this purposes. Withdrawing this amount of currency severely shook faith in the idea that Tether tokens are indeed fully backed by dollars. And then Bitfinex had extraordinary difficulties in satisfying the withdrawal demands from the platform since Crypto Capital refused to process withdrawals or simply could not return any funds. One of the senior Bitfinex executives opened a can of worms by writing the following:
“Please understand all this could be extremely dangerous for everybody, the entire crypto community. BTC could tank to below 1k if we don’t act quickly.”
Soon after it was known about the serious accusations against companies, Bitfinex’s users began to panic. They started buying Bitcoin and trying to get rid of their assets in USDT. As a result, BTC was trading $350+ (6.75%) more expensive than the crypto market average. Tether and Bitfinex published a joint statement on their official blogs in response to the allegations of missing funds. The posts allege that the companies did not receive any preliminary warnings, as well as that lawsuits from the New York Prosecutor General’s Office were “riddled with false assertions”. According to the latest information, Bitfinex is supposed to release its own token and attract $1 billion in Tether through IEO. What do you think about these scandals and scams? Tell us your thoughts in the comments below.
[Monday April 8 2019] Cats recognize their own names—even if they choose to ignore them; Stanford expels student admitted with falsified sailing credentials; Russia moves to free nearly 100 captive whales after outcry; Super fungus that kills nearly half of its victims in 90 days has spread globally
LastBluejay Tomorrow, Congress Votes on Net Neutrality on the House Floor! Hear Directly from Members of Congress at 8pm ET TODAY on Reddit, and Learn What You Can Do to Save Net Neutrality! Comments || Link
MajorTomintheTinCan British military called on to strip the Sultan of Brunei of honorary appointments awarded to him by the Queen, as backlash against new anti-LGBT laws grows Comments || Link
Molire [Title Post] Cats recognize their own names—even if they choose to ignore them. New research shows domestic cats distinguish between their monikers and similar-sounding words. Cats are not as keen as dogs to show their owners what they learned. Study included 78 cats from Japanese households and a “cat café.” Comments || Link
mvea Testosterone increased leading up to skydiving and was related to greater cortisol reactivity and higher heart rate, finds a new study. “Testosterone has gotten a bad reputation, but it isn’t about aggression or being a jerk. Testosterone helps to motivate us to achieve goals and rewards.” Comments || Link
ekser A potential new immune-based therapy to treat precancers in the cervix completely eliminated both the lesion and the underlying HPV infection in a third of women enrolled in a clinical trial. Comments || Link
JamOnTheOne TIL Principal Akbar Cook installed a free fully-stocked laundry room at school because students with dirty clothes were bullied and missing 3-5 days of school per month. Attendance rose 10%. Comments || Link
persiancaviar TIL that Steve Martin's wedding came as a surprise to his guests. The roughly 75 star-studded attendees (including the likes of Tom Hanks, Diane Keaton, Eugene Levy, and Carl Reiner) said that he had invited them to his house just for a "party." To their shock, upon their arrival his wedding began. Comments || Link
PM-ME_YOUR_TITS-GIRL TIL that it cost $20 million to evict the last four tenants of a Manhattan apartment building to renovate it. The last tenant was so stubborn and savvy that he received $17 million of the money, plus use of a $2 million condo for life. Comments || Link
Lord_Vermoud [WP] You're a financial advisor. In 1994, you get a weird phone call from a man asking you if he can get any Bitcoin below $200k, and the call cuts off before you can ask him what Bitcoin was. Years later you get a call again from the same man, claiming he's calling back seconds after disconnection. Comments
This articleis provided for informational purposes only. Your decision to invest in cryptocurrency cannot be made on the basis of this text. At the time when cryptocurrencies gather pace and many new altcoins appear, it seems hard to decide which one to choose for the investment. There are some notions that can help to make a decision. https://preview.redd.it/49vonh8kv1y31.jpg?width=1024&format=pjpg&auto=webp&s=b6b1ec1e200632fedc1e56a7af8f4d5139852ce6 What affects the value of cryptocurrency? The price of cryptocurrency depends on different factors. First of all, the basic economic principle of demand and supply works here. High demand for limited coins will raise their prices. The more coins are mined, the harder it is to get new ones. As a result, they become more precious. Usefulness of coins also matters. When people understand that they can solve specific cases using cryptocurrency it may be in demand. For this reason, DASH became famous in countries which suffer difficulties with official banking system. Mass media and historical events affect the value of cryptocurrency too. If negative publicity appears or the government puts a strict regulation against the use of coins, their price goes down. It works the opposite way too. Microsoft started accepting BTC as a payment method in 2014. They set an example for many other global companies and promoted the cryptocurrency. Rise and fall As it has already been mentioned, notable cases influence the market. In 2013 the Bitcoin price raised to 266$ but crashed and it costed 109$ in October. It happened because of the Silk Road arrest. This anonymous trading floor sold illegal goods and commonly used BTC for getting payments. Cryptocurrency market has capped the climax several times in 2017. The price of BTC was growing from April and in the middle of December gained its maximum reaching 20 000 dollar mark. Meantime the price of BTC was close to 11 000$ at the beginning of September 2019 but came down to 8 000$ at the end of the month. Coin market capitalization Cryptocurrency capitalization is an integrated cost of all issued digital coins at the market. US Dollar usually serves as a monetary indicator. This characteristic helps to understand if cryptocurrency is attractive to invest in or not. Two main factors affect the capitalization. One of them is a coin emission (the amount of coins in turnover) and another is a coin rate. In most cases, the emission always grows because of the mining process. The more coins have been mined the harder to get some new ones. This process affects the rate too. For example, this scheme works with BTC. There are some cryptocurrencies (such as NXT) with initial emission. Capitalization here is directly related to the rate and market activity because the total amount of coins is unchangeable. Who risks nothing, gains nothing? When one tries to choose cryptocurrency for the investment, attention should be paid to its capitalization. High level of capitalization tells about better market fluctuation tolerance of the currency. It is more stable but a rapid increase in the rate can not be expected. On the other hand, assets with lower capitalization show significant swings in a short period of time. Famous quotes
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” – Eric Schmidt, Executive Chairman of Google“Bitcoin is a technological tour de force.” – Bill Gates, Co-founder of Microsoft
Interesting fact One of the world’s most famous and successful investment in cryptocurrency was made by Norwegian student Kristoffer Koch in 2009. He got to know about bitcoins while he was writing a thesis on encryption. Kristoffer purchased 5 000 bitcoins for 150 Krones ($26.60) and forgot about them soon afterwards. “Cryptography and computer security interests me: I’m a technical guy, not an investor. So I just bought a few at that time.” – said Mr. Koch. In 2013 cryptocurrency was vividly discussed in mass media and it made the Norwegian remember about his investment. The idea of how much his coins had come to be worth struck him. 150 Krones turned into 885 000 dollars and some part of this money was used to buy a spacious apartment in a prestigious district of Oslo. Cryptocurrency investing can be really profitable. It bring its benefits if one takes into account all moments which influence the market and stays aware of changes in this sphere. No matter which cryptocurrency you choose to invest in, you can always exchange one coin for another using StealthEX. It is an anonymous and limitless cryptocurrency exchange with the top concern about user’s privacy. Follow us onMedium,Twitter,Facebook, andRedditto getStealthEX.ioupdates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
“Pedophile ring” DEN was founded by an abuser, his former victim, and a well-known child actor Brock Pierce, a frequent Villard subject who appeared in “The Mighty Ducks” films, was introduced to Marc Collins-Rector and Chad Shackley by “The Usual Suspects” director Bryan Singer. Collins-Rector and Shackley met in a chatroom, began dating, and moved in together when Shackley was 15 and Collins-Rector was 31. After starting an internet service provider, they recruited Pierce to form the Digital Entertainment Network, a 1998 precursor to modern streaming platforms. DEN provided original content starring child actors. Prior to the company’s planned $75 million IPO, the trio was hit with sexual abuse allegations and a lawsuit filed by a New Jersey who’d worked for Collins-Rector. With an investigation underway, they fled the U.S.; Interpol arrested them in Spain in 2002. Collins-Rector spent 18 months imprisoned prior to extradition, then plead guilty to nine counts of child sexual abuse. He was soon released, and after registering as a convicted sex offender, he ran away to London. ....DEN’s early investors included a blockbuster director and a DreamWorks SKG co-founder In “An Open Secret,” journalist John Connolly says Singer — who has continued directing for the “X-Men” franchise — and David Geffen were among DEN’s original backers, contributing a respective $50,000 and $250,000. DEN executives threw drug-fueled sleepovers for young boys at their mansion At Collins-Rector and Shackley’s palatial Encino estate, a mandatory skinny-dipping was enforced for anyone who wanted go in the hot tub after dusk. Young actors who attended parties remember troves of prescription drugs and alcohol, plus Collins-Rector’s gun collection. One man recalled when, as a minor, Collins-Rector threatened his career if he did not sleep in his bed. Although the actor refused and camped out on the couch, he nonetheless awoke in Collins-Rector’s bed, convinced that a laced drink had led to abuse. Hollywood’s Underage Sexual Abuse Problem: 5 Shocking Injustices From ‘An Open Secret’
The Encino mansion known as the M&C Estate—owned by a convicted sex offender named in the lawsuit against Bryan Singer—was home to the wild gay sex parties where Hollywood bigwigs allegedly preyed on underage boys. It was also used to film a 1998 pilot for Digital Entertainment Network described as a "gay pedophile version of Silver Spoons," starring an as yet unknown Seann William Scott. Inside the Hollywood Sex Ring Mansion From the Bryan Singer Lawsuit
Brock Pierce is a controversial figure who has received surprisingly little attention despite connections to the Clinton Foundation, digital currency Bitcoin and involvement in a notorious scandal involving a child abuse ring. Pierce’s involvement with a child abuse ring, Digital Entertainment Network and The Clinton Global initiative were first highlighted in the documentary An Open Secret, Directed by Amy Berg. As detailed in Berg’s film, Brock was a member of the Clinton Global Initiative, former child actor who appeared in films such as the 1992 classic Mighty Ducks and Disney’s “First Kid,” and Chairman of the Board at the Bitcoin Foundation. Pierce also co-founded the Digital Entertainment Network (DEN), a forerunner of video sharing site Youtube. In 2010, Pierce also was also a participant at the Mindshift Conference, which was hosted by now disgraced billionaire pedophile and child sex trafficker Jeffrey Epstein. DEN was founded in 1996 amid the rapid growth of the dot-com bubble. It raised $72 million in investment before even opening in 1999, a massive amount of capital considering that, at least on the surface, DEN was not yet providing investors with anything in return. At the time news sources scoffed at the massive salaries top executives were paid when the company was not even creating revenue. An SEC filing obtained by Hollywood periodical Radar Online reveals that DEN’s investors included a shocking number of big name personalities such as media executives Garth Ancier and David Geffen, former Yahoo CEO Terry Semel, film producers Gary Goddard and Bryan Singer, Wall Street czar Mitchell Blutt, A&M Records head Gilbert Friesen (now deceased), former Disney executive David Neuman, manager and label executive Gary Gersh, investor Jeffrey Sachs, former Congressman Michael Huffington, actors Ben and Fred Savage, and tech companies such as Microsoft and Dell. The lack of apparent revenue raises questions about what investors in DEN were expecting in return. Tech Figure In Dot-Com Child Sex Scandal Was A Clinton Global Initiative Member
BitMEX Co-Founder ARRESTED 😱 Daily Cryptocurrency News (Oct. 1st, 2020) – Bitcoin, Ethereum, More! October 2, 2020 sgbitcoin.com ... This entry was posted in Ethereum and tagged 2020, aml, arthur hayes, bank secrect act, Bitcoin, bitcoin news, bitmex, bitmex exchange, ... Silk Road 2 Founder Sentenced. The founder of the notorious Silk Road 2 marketplace has been sentenced to prison this week for operating the illegal website for over a year. Thomas White was known ... Bitmex Money Laundering Bitmex news Arthur Hayes. U.S. authorities have filed charges against Bitcoin exchange BitMEX, accusing the Hong-Kong based company and its founders of allowing ... Russ Albert Medlin, the founder of the infamous Bitcoin Club Network has been arrested by the Jakarta police force. According to a Jakarta media outlet, Medlin who had previously been indicted by the United States department of justice over a $722 million Cryptocurrency scam was apprehended in South Jakarta on Monday, for engaging in sexual activities with underage girls. The founder of a crypto exchange was arrested for allegedly lying to US regulators, federal prosecutors say. In 2013, hackers stole 6,000 bitcoin from the platform founded by Jon Montroll and he ...
This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we wil... John McAfee Arrested! 150,000 Bitcoin MT Gox news. All Congressman receive $50 of crypto ----- Twitter -- https://twitter.com/goodfreephotos P... Divyesh Darji has been arrested in India. Is this the final nail in the coffin of Bitconnect? Referenced Article: https://news.bitcoin.com/india-bitconnect-h... Authorities arrested one of the founders of Bulgarian cryptocurrency business OneCoin on Friday. According to Gizmodo, law enforcement officials say OneCoin was nothing more than a pyramid scheme ... Elusive creator of Bitcoin has been arrested and his identity finally revealed. The elusive founder of the crypto currency Bitcoin, had for years gone by the pseudonym Satoshi Nakamoto until his ...