The lead academic in that (in)famous study postulating that Bitcoin prices were manipulated by Tether updated it with this added doozey: a single “whale” was behind most of it, trading large amounts of bitcoin against tether on Bitfinex, Tether’s sister company.
The union of cryptocurrency and Wall Street is much like a Medieval arranged marriage: A little bit of wealth is at stake but everyone seems miserable and most people involved are in need of a bath. Few are as upset about the whole thing as those who are involved in crypto for ideological reasons—or, at least, those who say they are.
On Thursday, a judge granted Ira Kleiman’s attorney a 21-day extension on the motion to quash the subpoena against Modern Consensus contributor Brendan Sullivan (that’s me). This, along with a yet-to-be published interview with Craig Wright and a document filed in court earlier this week, leads me to think that settlement talks are in the works. I’ll go through all three documents and why they matter.
On Monday I got a great scoop on the huge Bitcoin lawsuit between Craig Wright and the estate of Dave Kleiman. Modern Consensus ran my short interview before the courts made any announcement. On Tuesday, someone waited outside my unlisted home address to give me a subpoena for all of my calls, texts, recordings, Whatsapp, and even my encrypted Signal and Snapchat messages. Here’s how it went down and how I’m going to fight it.