• Cameron Winklevoss, Co-Founder of Gemini, at Day 3 of TechCrunch Disrupt, May 6, 2015 in New York City. (Photo by Noam Galai/Getty Images for TechCrunch)
    Commentary,  Media,  People

    Did Cameron Winklevoss Libel Barry Silbert?

    Exceptionally nasty spat has Gemini chief accusing Genesis head of ‘fraud’

    July 12, 2023 /

    The crypto world is abuzz about the can’t-look-away anger between Cameron Winklevoss and Gemini on one side versus Barry Silbert and Genesis on the other. As fun as it would be to see this cage match as the undercard on a Musk-Zuckerberg UFC dream bout, it will actually unfold in a courtroom in State Supreme Court in Manhattan sometime this fall. Last Friday, Gemini sued Genesis, claiming that “Defendants DCG and Silbert engaged in a fraudulent scheme to induce a variety of depositors, including Gemini users for whom Gemini acted as custodian and agent, to continue to lend huge amounts of cryptocurrency and U.S. Dollars to DCG’s subsidiary Genesis Global…

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  • Razzlekhan via YouTube
    Media,  People

    Alleged Rapper Razzlekhan ‘The Crocodile of Wall Street’ and Her Husband Arrested for the Theft of Over $3 Billion in Bitcoin

    Solen crypto seized linked directly to 2016 Bitfinex hack

    February 10, 2022 /

    Wow Heather Morgan, Forbes contributor and rapper, and her husband Ilya Lichtenstein were arrested on Tuesday in Manhattan. The couple had in their possession roughly $3.6 billion in Bitcoin, which was hacked from Hong Kong exchange Bitfinex in 2016. The Justice Department reports that this seizure of crypto is its largest financial seizure to date. The charges going against the couple are conspiracy to launder money, and conspiracy to defraud the US. It is still unclear if they were the ones who orchestrated the hack. The couple allegedly laundered the money through a series of crypto wallets and transactions, and up until recently did a good job of it, they…

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  • The stablecoin Tether USDT is the third largest cryptocurrency by market cap. (Photo: DIAMOND VISUALS/Shutterstock)
    Media,  Tether

    CoinDesk ME Lewitinn May Be Eligible for $1M Reward on Tether Transparency

    Short researcher Hindenburg offered bounty to anyone who uncovers info

    February 7, 2022 /

    Anyone interested in great business journalism, or short-selling in general, must read Andrew Rice’s profile of short seller Nathan Anderson, the founder of Hindenburg research. But here at Modern Consensus, we read it and thought of its relevance to one reader in particular. Press play to hear a narrated version of this story, presented by AudioHopper. Last week I wrote about how CoinDesk has been on a jihad to shed some transparency on exactly how the stablecoin Tether funds its gigantic reserves. The company claims that those reserves are backed dollar for dollar with actual, real-world dollar and dollar equivalent investing instruments. But Tether, the world’s third-largest cryptocurrency, has a…

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  • Are tether tokens really backed by dollars? (via Shutterstock)
    Are tether tokens really backed by dollars? (via Shutterstock)
    Media,  Tether,  Uncategorized

    CoinDesk on the Verge of Victory in Fight to FOIL Tether Records

    Stablecoin has resisted sharing details of its reserves with publication it deems ‘unprofessional’

    February 4, 2022 /

    One of the biggest mysteries in crypto revolves around token issuer Tether. Crypto enthusiasts—and crypto journalists— have long tried to figure out exactly what hard assets comprise the massive reserves that tether, as a “stablecoin,” is required to keep its dollar for dollar ratio in backing bitcoin with American dollars. The question is not academic. Tether has more than $78 billion worth of tokens in circulation and is by far the largest stablecoin issuer, accounting for about half of all transactions against bitcoin on centralized exchanges. Press play to hear a narrated version of this story, presented by AudioHopper. If the market began to question the stability of those dollar…

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