One of the weird little elements to the Sam Bankman-Fried debacle —and there are so many, and we journalists are quite grateful for them — has been the determined way the media has tried to make his political donations appear bi-partisan. “The FTX scandal is prompting lawmakers from both parties,” wrote Politico, “to symbolically give up campaign contributions from the crypto exchange’s top executives, underscoring the firm’s political toxicity in the aftermath of its collapse.” “[Sam] Bankman-Fried, 30, and his younger brother Gabriel donated lavishly to members of both political parties,” the New York Post noted. In fact, SBF was the seventh largest donor of the entire 2022 cycle, according…
-
-
Blockchain Intelligence Group Fights Fraud in Earthquake Relief
Crypto watchdog ensures that donor money reaches legit charities
The scale of the disaster in the wake of last week’s earthquake is almost impossible to describe. For 33,000 souls to vanish from the earth in the space of a few minutes can only be conceptualized by picturing it as metaphor—“it’s like eleven 9-11s” or “it’s like the disappearance of everybody at a Yankees playoff game.” In other words, there are no words. In the modern world, where there’s a disaster, there’s money. Generous citizens from around the globe have stepped up to donate to crisis relief, especially needed since the quake affected parts of the globe already traumatized by war and terrorism. It’s been inspiring to watch—one anonymous donor…
-
Injective Protocol
Modern Consensus talked to Eric Chen, CEO of Injective Labs
An introduction Eric Chen is CEO and co-founder of Injective Labs, a core contributor behind the Injective decentralized exchange. Injective Protocol decentralized exchange protocol (DEX) backed by big names like Binance and Mark Cuban. The protocol is designed to be permissionless, fully decentralized, and fast with low gas fees. It runs on a governance proposal procedure, community members are a pivotal part in all of Injective’s decisions. “Injective is purely community driven. Governance dictates everything.” What is Injective Protocol? “It’s pretty similar to the overall model of Uniswap. Which is basically all the protocol upgrades and contract upgrades are dictated by the community, a governance vote is required for major…
-
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
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…
