[go: up one dir, main page]

Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts

Monday, May 29, 2023

Investigation into the bitcoin side business of a Los Angeles Department of Water and Power executive hints at revolving door corruption

LATimes (the story focuses on whether the executive is impermissibly running a side business mining bitcoin in Colorado, but):

[He] secured an economic development deal with Colorado Springs Utilities, a publicly owned electricity, natural gas, water and wastewater services utility, in 2018, to get a reduced rate for electricity.

[He] said he chose to invest in Colorado Springs because he was able to get “a one-of-a-kind building.” He secured a “very low” rate in Colorado Springs for electricity, he said.

In 2018, the general manager of energy supplies at Colorado Springs Utilities was [a man who worked with the DWP executive] at the DWP before [the man] was hired by Colorado Springs Utilities in 2015.

[That man then] rejoined the DWP last year as its chief operating officer, the No. 2 position at the utility.

Monday, January 24, 2022

Fun story about finding a hacker that believed he could crack a hardware wallet containing valuable crypto

The Verge:

Grand designed his program so that if and when the glitch worked, his computer would call out: “Hack the planet!” — a nod to the 1995 film Hackers. When the time came to do the hack for real last May, Reich flew to Portland for two days. They spent the first day getting everything set up — they filmed the hack with a professional crew — and the next day, Grand launched his script.

Then they waited. And waited some more. Then they ate pizza and waited some more.

After nearly three and a half hours, the computer finally called out

(27:00)

Sunday, January 23, 2022

The Brazilian town known as “New Egypt” because of the popularity of crypto pyramid schemes

AP:

With so many alleged pyramid schemes, Cabo Frio came to be known as the “New Egypt.” And as the town’s top dog [he] was dubbed the “Bitcoin Pharaoh.”

Police say [he] began trading in Bitcoin after leaving his job as a waiter in 2014. A one-time evangelical preacher in training, he enlisted clients from the Universal Church of the Kingdom of God, Brazil’s largest neo-Pentecostal group, who earned a referral fee for bringing in fresh recruits and kicking back money to G.A.S., police documents say.

...

Rio state police have also linked two attempted killings to [him] and what they called his “extermination team.”

...

Prosecutors have identified at least 27,000 G.A.S. victims

Thursday, September 9, 2021

A New York government employee was charged with hiding dozens of machines at his workplace to mine crypto

Long Island Express:

[He] has been employed by Suffolk County since 2000, and he is currently the assistant manager of information technology operations for the Suffolk County Clerk’s Office.

...

Investigators executed search warrants at the County Center on Aug. 19, resulting in the seizure of 46 cryptocurrency mining devices. The devices were found hidden in six rooms throughout the building in various spaces, including underneath removable floorboards, on top of or inside server racks, and inside an unused electrical wall panel.

“One of these rooms housed critically important computer servers, secure data storage systems, and communications equipment for the entire county government, and when investigators entered the room, an alarm was going off that indicated the temperature was too high,” [the District Attorney] said. “Within hours of the devices being shut down, the temperature in the room dropped 20 degrees. 

Tuesday, September 7, 2021

Today in crypto: Steph Curry becomes a Crypto global ambassador; Howard University cancels classes due to ransomware attack; Coinbase went down again as prices collapsed

Mercury News:
“I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for first-time users,” Curry said in a press release. “FTX is likeminded when it comes to giving back to the community in meaningful ways and I can’t wait to see what we can achieve together.”

Techcrunch:

In order to enable its IT team to fully assess the impact of the ransomware attack, Howard University has canceled Tuesday’s classes, opening its campus to essential employees only. Campus Wi-Fi will also be down

LAT:

This week, El Salvador will become the first country to accept bitcoin as legal tender, a controversial move pushed by the young, headstrong and exceptionally popular president, Nayib Bukele.

But the rollout of cryptocurrency has been upstaged by a more urgent concern: a series of withering attacks by Bukele and his ruling party on El Salvador’s three-decade-old democracy.

...

Bukele . . . has been hailed as a visionary by bitcoin backers around the world

Fast Company:

On Tuesday after Labor Day, a number of factors coalesced to bring about a staggering drop in the cryptocurrency market, eradicating more than $400 billion of its total value in a matter of hours. Tokens across the board were down midday, with bitcoin shedding over 8%, ethereum over 10%, and Dogecoin over 15% in the past 24 hours.

But to many investors’ agony, in the midst of the massive dip—and the inevitable panic sell-off that came with it—popular crypto-trading platform Coinbase was down as well. Users on social media reported being unable to access the platform’s exchange services, instead receiving alerts of canceled transactions. Other users were unable to log in at all, due to “connection issues” or unspecified server errors.


Wednesday, August 25, 2021

He's suing the parents of the kids he believes stole $1 million in bitcoin from him

Brian Krebs:

In 2018, [the plaintiff] was digitally mugged for approximately $1 million worth of bitcoin. After several years of working with investigators, [he] says he’s confident he has located two young men in the United Kingdom responsible for developing a clever piece of digital clipboard-stealing malware that let them siphon his crypto holdings. [He] is now suing each of their parents in a civil case that seeks to extract what their children would not return voluntarily.

Wednesday, August 11, 2021

A hacker reportedly stole over $600 million worth of cryptocurrency, but plans to return it

MarketWatch:

The hacker behind one of the largest cryptocurrency heists ever started returning the stolen assets Wednesday.

On Tuesday, decentralized-finance platform Poly Network said it had been hacked, with losses estimated around $613 million in various crypto assets, and pleaded with the hacker to contact the company and return the haul.

On Wednesday, the hacker apparently did just that — and at last count had returned about $260 million of cryptocurrencies, tokens and stablecoins from three separate blockchains

CNBC:

A blockchain is a ledger of activities upon which various cryptocurrencies are based. Each digital coin has its own blockchain and they’re different from each other. Poly Network claims to be able to make these various blockchains work with each other.

Poly Network is a decentralized finance platform. DeFi is a broad term encompassing financial applications based on blockchain technology that looks to cut out intermediaries — such as brokerages and exchanges. Hence, it’s dubbed decentralized.

Friday, July 30, 2021

Bitcoin farm in the snow; Firefighters face a daunting sight; Sea anemone couture





Friday, July 2, 2021

Esports organization FaZe clan has suspended three members and dismissed another for their involvement in a cryptocurrency promotion

PCGamer:

it's been suggested that this release had many of the hallmarks of a "pump and dump" scheme, a colloquial term for getting high-profile buyers to promote and push up up the value of a token ahead of launch before selling as quickly as possible, extracting as much money out of it as possible before its value crashes.

Kotaku:

Faze Clan, a video game group known for its vlogs and streetwear releases, is under hot water over cryptocurrency endorsements that have cost fans money. While a scam has not been outright proven, many are questioning whether or not members of the group capitalized on their fame to put a bad investment in front of millions of young and impressionable followers.

The investigation has been spearheaded by YouTuber SomeOrdinaryGamers in a lengthy video that points out a number of strange coincidences. While the YouTuber starts the investigation with a disclaimer that he is not calling this a straight-up scam, it is clear that what transpired involved a lapse in judgment from multiple Faze Clan members.

Thursday, July 1, 2021

Guerilla bitcoin mining, perhaps?; Mountain created by 100mph rockslide; Drones filming sheephearding









Thursday, June 24, 2021

Two South African brothers have reportedly disappeared with $3.6 billion in Bitcoin

Engadget:

Cryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. 

...

Complicating any recovery attempt is that South Africa’s Finance Sector Conduct Authority can’t launch a formal investigation into the incident because cryptocurrency isn’t legally considered a financial product in the country.

Yahoo:

The incident would make it one of South Africa’s biggest ever incidents related to crypto

Here's a thread about the company's investor presentation. 


Good interview about the recent collapse in collectible card values

Both interviews in this video are enjoyable, but especially starting around 25 minutes, a discussion about the connection between the collapse in crypto and collectible cards.
 

Thursday, June 17, 2021

"Mark Cuban-Backed Cryptocurrency Crashed 100% In One Day—And These Other Buzzy Tokens Have Also Collapsed"

Forbes:

"I got hit like everyone else. Crazy part is I got out… [Then] Bam," Cuban tweeted late Wednesday about Iron Titanium's crash. The plunging prices exposed a flaw in the token's design that created an arbitrage opportunity, effectively allowing investors to make unlimited money by buying and selling the token, which drove prices down further.  

Saturday, May 22, 2021

Catbus zoetrope; The entire room is designed to feature a pinhole camera; Cryptoart













*Bonus: Dungeon and Dragons session with some fun FX.

Thursday, April 22, 2021

Did the head of a Turkish cryptocurrency exchange flee the country with as much as $2 billion in investors' assets?

DW:

Turkish news agency HaberTurk said Thodex suspended trading after running a promotional campaign that sold Dogecoins at a rebate but did not allow investors to sell.

...

Turkish security officials have released a photo of [Thodex's founder] going through passport control at Istanbul airport on his way to an unspecified location.

Tuesday, January 12, 2021

Thursday, January 7, 2021

Finland to sell hugely valuable stash of Bitcoin seized from drug traders

The value of the stash from the time it was seized until now has grown roughly from $1 million to $70 million.

Wednesday, November 4, 2020

Are you the mysterious person that just emptied a Bitcoin wallet containing almost $1 billion?

Vice on a wallet that had been dormant since 2015:

On Tuesday, whoever is in control of the Bitcoin address "1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx" transferred all its contents—a staggering 69369.16716000 BTC or roughly $964,000,000. At this point, it's impossible to know whether this was a heist or just the long-dormant owner of the wallet moving out their savings to another wallet. 

That wallet has been an object of speculation for cryptocurrency enthusiasts for years, and until the transfer it was one of the most valuable Bitcoin addresses in existence. More recently, several hackers have been trying to break into it, trying to bruteforce the passcode that protects the wallet in an attempt to steal the funds. 

Sunday, May 17, 2020

"Multiple supercomputers across Europe have been infected this week with cryptocurrency mining malware and have shut down"

ZDNet:
Security incidents have been reported in the UK, Germany, and Switzerland, while a similar intrusion is rumored to have also happened at a high-performance computing center located in Spain.

Saturday, February 22, 2020

"Irish drug dealer loses £46m bitcoin codes he hid in fishing rod case"

Guardian:
In early 2017 Clifton Collins, an Irish drug dealer, had a dilemma: where to hide the codes of his illicit €55m (£46m) bitcoin fortune.

His solution was to print them on to an A4 piece of paper and stash it in the aluminium cap of a fishing rod case kept at his rented home in Farnaught, Cornamona, County Galway. It seemed a good idea at the time.

Then three things happened.