Tag: crypto

Sam Bankman-Fried Found Guilt Of Massive Fraud By CHRISTINE DOLAN Crypto-magnet Sam Bankman-Fried, otherwise known as “SBF,” whose FTX cryptocurrency exchange crashed last year, was found guilty on all seven charges of fraud and conspiracy on Thursday. It was a spectaculr fall from grace for the 31 year-old, who portrayed himself as a math nerd, as did the sycophants who enabled him. He painted a picture with an altruistic image of a man who wanted to make as much money as possible, save the world, and pledge a boatload of money for the good of humanity. The prosecutors brushed a vastly different portrait peppered with control, deceit, intentional lies, believing his own hubris, and holding a grip on the galactic importance of his own false image. The jury of nine women and three men did not buy the defendant’s defense, and found the swindling convict guilty of all seven charges. Prosecutors claimed the defendant orchestrated a scheme to steal as much as $10 billion from his investors. He was charged with stealing the monies to finance political contributions, venture capital investments and lavish spending. Prosecutors accused Bankman-Fried of using other people’s money as if those monies were his own personal piggy bank. He used customers’ money to bolster his own image and ambitions and prop up Alameda Research, which he also controlled. Prosecutors called more than a dozen witnesses, including three former top advisors to Bankman-Fried. All of the three pleaded guilty and agreed to cooperate fully with the prosecutors. Caroline Ellison, his former girlfriend, was one of them. She ran Alameda Research, the crypto trading firm the defendant founded. Prosecutors also called a half-dozen former employees of Mr. Bankman-Fried as witnesses. Bankman-Fried’s defense team called three witnesses, including the defendant, whose own testimony spanned three days. Bankman-Fried’s defense team attempted to paint their client as the math nerd who had no intent to defraud anyone and was just swept up in a situation by factors beyond his control. It was risky. During his testimony, Bankman-Fried stated he “couldn’t recall” more than 140 times on cross-examination. The closing argument proffered by the prosecutors made it very clear. Bankman-Fried’s business was built on a “foundation of lies and false promises.” During the defense counsel’s closing statement, his attorney said that the only reason the three co-operating prosecutors’ witnesses testified the way they did was to save themselves from long prison sentences. Before his empire crashed, Bankman-Fried’s worth was valued at $32 billion. The jury began their deliberations on Thursday after nearly two weeks of testimony spread over the last month. The charges Bankman-Fried is convicted of carry a maximum sentence of 110 years. The court set Bankman-Fried’s sentencing for March 28 at 9:30 a.m. Bankman-Fried is expected to appeal. Sam Bankman-Fried Found Guilt Of Massive Fraud By CHRISTINE DOLAN Crypto-magnet Sam Bankman-Fried, otherwise known as “SBF,” whose FTX cryptocurrency exchange crashed last year, was found guilty on all seven charges of fraud and conspiracy on Thursday. It was a spectaculr fall from grace for the 31 year-old, who portrayed himself as a math nerd, as did the sycophants who enabled him. He painted a picture with an altruistic image of a man who wanted to make as much money as possible, save the world, and pledge a boatload of money for the good of humanity. The prosecutors brushed a vastly different portrait peppered with control, deceit, intentional lies, believing his own hubris, and holding a grip on the galactic importance of his own false image. The jury of nine women and three men did not buy the defendant’s defense, and found the swindling convict guilty of all seven charges. Prosecutors claimed the defendant orchestrated a scheme to steal as much as $10 billion from his investors. He was charged with stealing the monies to finance political contributions, venture capital investments and lavish spending. Prosecutors accused Bankman-Fried of using other people’s money as if those monies were his own personal piggy bank. He used customers’ money to bolster his own image and ambitions and prop up Alameda Research, which he also controlled. Prosecutors called more than a dozen witnesses, including three former top advisors to Bankman-Fried. All of the three pleaded guilty and agreed to cooperate fully with the prosecutors. Caroline Ellison, his former girlfriend, was one of them. She ran Alameda Research, the crypto trading firm the defendant founded. Prosecutors also called a half-dozen former employees of Mr. Bankman-Fried as witnesses. Bankman-Fried’s defense team called three witnesses, including the defendant, whose own testimony spanned three days. Bankman-Fried’s defense team attempted to paint their client as the math nerd who had no intent to defraud anyone and was just swept up in a situation by factors beyond his control. It was risky. During his testimony, Bankman-Fried stated he “couldn’t recall” more than 140 times on cross-examination. The closing argument proffered by the prosecutors made it very clear. Bankman-Fried’s business was built on a “foundation of lies and false promises.” During the defense counsel’s closing statement, his attorney said that the only reason the three co-operating prosecutors’ witnesses testified the way they did was to save themselves from long prison sentences. Before his empire crashed, Bankman-Fried’s worth was valued at $32 billion. The jury began their deliberations on Thursday after nearly two weeks of testimony spread over the last month. The charges Bankman-Fried is convicted of carry a maximum sentence of 110 years. The court set Bankman-Fried’s sentencing for March 28 at 9:30 a.m. Bankman-Fried is expected to appeal.

Sam Bankman-Fried Found Guilt Of Massive Fraud

By Christine Dolan

November 2, 2023

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Hyperbitcoinization Coming, Says Bitcoin OG As ‘Wholecoiners’ Hit 1 Million

US Government Continues Assault On Crypto As Uncle Sam Prepares Its Own CBDC

June 6, 2023

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Warren’s Alleged Work With Short-Seller Shows Anti-Crypto Army Heating Up

Warren’s Alleged Work With Short-Seller Shows Anti-Crypto Army Heating Up

June 4, 2023

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An internal FBI document on extracting messages and metadata from messengers has appeared on the Web. The merged list includes popular messengers: WhatsApp, Telegram, Viber, Signal, Threema, WeChat, Line, and Wickr. However, the anonymous Utopia P2P blockchain messenger, which is gaining popularity, is not on the list. This is because of the unique messenger background, privacy principles, and decentralized technology on which the messenger is built. The combination of these components makes the messenger safe for daily communication without data leakage risks. Are you wondering about the privacy details? In this article, you will learn more about the Utopia messenger's security principles that are ideal for private chatting. What kind of document was it? The FBI documents that have been leaked to the network confirm speculation that it is monitoring the activity of WhatsApp and Facebook users. The document shows the scope of the FBI’s legitimate extraction of Facebook, WeChat, WhatsApp, Telegram, Viber, Signal, Threema, Line, and Wickr messages and metadata. For example, messengers such as iMessage and WhatsApp provide the FBI with access to more categories of data than other platforms, including the content and history of messages received and sent. In addition, they work closely with the authorities, providing any user data upon request. What is the Utopia P2P? Utopia P2P is a decentralized privacy ecosystem that provides security for each user. It offers the functions of a common messenger but with 100% data security and privacy. It has been created by a team of crypto enthusiasts — the 1984 Group that does not disclose their real names. Such anonymity helps them avoid pressure from the state and other interested parties. Since 2013, they have been creating a messenger in complete secrecy. Back in 2018, it was completely released and immediately gained a reputation as the safest messenger for private communication. The fact that the Utopia’s developers do not cooperate with the authorities and third parties only confirmed the users’ confidence in the correctness of their choice. Using Utopia, everyone can feel safe without state supervision, censorship, and data leak threats. There is no central server for data storage due to the technology on which it was created: each user has their own crypto container with a multi-level encryption method. So, no one except the user can access the data, even developers; it is impossible even theoretically. Besides, nobody knows Utopia user's real names because the registration is anonymous — users do not need to enter personal data, email, or phone numbers. Therefore, all users are anonymous, so it is unnecessary to be afraid to express your own thoughts about anything. Utopia has never been involved in data leak scandals since the architecture of the network does not allow hacking anything at all and intercepting data. Such complete anonymity and privacy, which was so lacking on the internet. By the way, Utopia is a unique private project because it is not just a common messenger but a whole ecosystem that provides users with all the tools in one place: instant messenger, encrypted email, anonymous browser, etc. Utopia P2P project’s verdict The 1984 Group has provided all aspects for the successful functioning of a truly secure and anonymous communication tool. The ecosystem offers complete freedom from any methods of control or censorship when using the Utopia network. This privacy project is a place without surveillance, tracking, censorship, or ads. It is this ecosystem that has become the main, reliable tool in the fight against internet restrictions around the world. Today, this is the most secure project that does not obey the authorities and does not cooperate with the FBI, as supported by leaked documents.

Utopia Crypto Messenger Is Not On The FBI List Of Accessible User Data

December 3, 2021

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China Issuing Bonds On Blockchain Is A Sign Of What's To Come

China Issuing Bonds On Blockchain Is A Sign Of What's To Come

January 28, 2020

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