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VOICE ARCHIVE

Dan McArdle

@robustus
24 posts
2024-03-29
25yrs is less time than a lot of people who harmed fewer people, and with less deliberate disregard, get. But it's still 2+ decades. Let's credit crypto twitter here with the job done in the immediate aftermath, when NYT, media, pols, etc, were still giving way too much benefit...
2024-03-29 View on X
Reuters

A US judge sentences Sam Bankman-Fried to 25 years in prison for stealing from users of his now-bankrupt FTX crypto exchange and orders him to forfeit $11B+

Past 6 pm on December 29 … Matthew Russell Lee / Matthew Russell Lee's Newsletter : Aftermath: SBF Sentenced to 25 Years in Prison After Coin Flip and Presidential Aspirations Cite...

2024-03-28
Furthermore the judge *did* dismiss part of the case, which was an unexpected win for Coinbase imo
2024-03-28 View on X
Reuters

A US judge rules that the SEC's lawsuit against Coinbase can proceed, but dismisses one claim that Coinbase acted as an unregistered broker via Coinbase Wallet

2023-12-29
A reminder that DNS is a centralized system run by governments, and the world needs a name resolution system, ubiquitously supported clientside, that runs on a sufficiently decentralized blockchain.
2023-12-29 View on X
The Indian Express

India seeks to block the URLs of nine offshore crypto exchanges, including Binance, Kraken, KuCoin, and Huobi, for not complying with anti-money laundering laws

The Indian Express :

2023-11-23
Binance, Kraken, Coinbase: never lost customer money. DoJ &/or SEC go after them. FTX: biggest fraud since Madoff & customers rekt. Politicians accept millions in donations from SBF, and the bureaucrats get cozy with him Gov just keepin us all safe right? ¯\_(ツ)_/¯
2023-11-23 View on X
CNBC

Binance and CZ plead guilty to federal charges as part of a $4.3B settlement with the US DOJ; charges include violating sanctions and anti-money laundering laws

Binance, Kraken, Coinbase: never lost customer money. DoJ &/or SEC go after them. FTX: biggest fraud since Madoff & customers rekt. Politicians accept millions in donations from SBF, and the bureaucrats get cozy with him Gov just keepin us all safe right? ¯\_(ツ)_/¯
2023-11-23 View on X
Bloomberg

The US asks a court to reverse its decision to let Changpeng Zhao return to the UAE ahead of his February 2024 sentencing, citing his “substantial” flight risk

Over the government's objection, a US magistrate judge on Tuesday granted the multi-billionaire's request to return to the UAE before his February sentencing.

2023-11-22
Binance, Kraken, Coinbase: never lost customer money. DoJ &/or SEC go after them. FTX: biggest fraud since Madoff & customers rekt. Politicians accept millions in donations from SBF, and the bureaucrats get cozy with him Gov just keepin us all safe right? ¯\_(ツ)_/¯
2023-11-22 View on X
CNBC

Binance and CZ plead guilty to federal charges as part of a $4.3B settlement with the US DOJ; charges include violating sanctions and anti-money laundering laws

- The U.S. Department of Justice has brought criminal charges against Binance and its billionaire founder and CEO, Changpeng Zhao.

2023-11-04
Remember how the New York Times still had him scheduled as a speaker at their event, weeks after FTX imploded, and weeks after it was clear to ~everyone what happened?
2023-11-04 View on X
TechCrunch

A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and money laundering in the FTX trial; the judge sets SBF's sentencing for March 28, 2024

and what comes next Qadir AK / Coinpedia Fintech News : DOJ Cracks Down: Binance and Tether Face Terrorism Financing Charges PC Gamer : ‘The king of crypto’ found guilty of fraud, ...

2023-11-03
Remember how the New York Times still had him scheduled as a speaker at their event, weeks after FTX imploded, and weeks after it was clear to ~everyone what happened?
2023-11-03 View on X
TechCrunch

A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy in the FTX trial; the judge sets SBF's sentencing for March 28, 2024

Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty …

2023-06-07
Nobody wants your “protection”. You sound like a mob-boss, just with more delicate language. https://twitter.com/...
2023-06-07 View on X
Bloomberg

A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal

SEC v. Crypto  —  “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …

2023-06-06
Nobody wants your “protection”. You sound like a mob-boss, just with more delicate language. https://twitter.com/...
2023-06-06 View on X
Bloomberg

The SEC sues Coinbase, alleging the exchange operated as an unregistered broker since at least 2019 and broke the rules by offering “staking”; COIN drops 15%+

The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules.

2023-02-10
Do I have this right? - SEC bans retail staking in US - Good actors wind down staking products - Retail runs to shady offshore exchanges with their staking funds - Shady offshore exchanges do shady stuff, and retail loses money - SEC says “see, told ya you needed protecting” https://twitter.com/...
2023-02-10 View on X
Bloomberg

Kraken agrees to pay $30M and discontinue its crypto-asset staking products to settle SEC allegations that its staking services broke US securities rules

is Coinbase next? Simon Chandler / Cryptonews : Ethereum Price Prediction as $10 Billion Trading Volume Comes In - Can $ETH Reach $2,000 Soon? Tyler Pearson / DL News : SEC hammer ...

2023-02-09
SEC is a disaster - Prevented ~0 crypto scams - Got friendly with SBF & FTX - Preemptively goes after good actors, chills everyone except fraudsters - Goes after bad actors only after damage is done - Wants to ban the stuff that makes retail money in risk-minimized way https://twitter.com/...
2023-02-09 View on X
Bloomberg

Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”

Coinbase Global Inc.'s head Brian Armstrong escalated his war of words with the Securities …

2022-11-14
The corrupt stuff that happens in tradfi is all largely secret, details never publicly known. In crypto we watch 100s of millions in stolen funds move on-chain in real time and live-tweet it.
2022-11-14 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

Nikhilesh De / CoinDesk :

2022-11-13
The corrupt stuff that happens in tradfi is all largely secret, details never publicly known. In crypto we watch 100s of millions in stolen funds move on-chain in real time and live-tweet it.
2022-11-13 View on X
CoinDesk

FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets

trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going...

The corrupt stuff that happens in tradfi is all largely secret, details never publicly known. In crypto we watch 100s of millions in stolen funds move on-chain in real time and live-tweet it.
2022-11-13 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.  —  Crypto exchange FTX was not required …

2022-11-12
The corrupt stuff that happens in tradfi is all largely secret, details never publicly known. In crypto we watch 100s of millions in stolen funds move on-chain in real time and live-tweet it.
2022-11-12 View on X
CoinDesk

FTX claims it has been hacked, and instructs users not to install new upgrades or go to FTX.com and to delete FTX apps, after $600M+ in crypto left FTX wallets

FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.

2022-09-16
Eth folks already RTing one of the most aggressive and misleading esg trolls isn't great https://twitter.com/...
2022-09-16 View on X
The Block

Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake

First off, thank you for reading and as always, nothing you read or hear of my content is ever financial advice. Ryan Whitwam / ExtremeTech : Ethereum Switches to Proof-of-Stake, W...

9/ Additionally, I think the narrative on PoW will change over time. The ESG-based attacks are ludicrous on many levels, and enough people (& politicians) will see that eventually, and the remaining haters will matter even less.
2022-09-16 View on X
The Block

Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake

First off, thank you for reading and as always, nothing you read or hear of my content is ever financial advice. Ryan Whitwam / ExtremeTech : Ethereum Switches to Proof-of-Stake, W...

9/ Additionally, I think the narrative on PoW will change over time. The ESG-based attacks are ludicrous on many levels, and enough people (& politicians) will see that eventually, and the remaining haters will matter even less.
2022-09-16 View on X
Wall Street Journal

Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws

SEC chairman says system used by ether following software update could trigger securities laws  —  WASHINGTON—Ethereum's big software update …

Eth folks already RTing one of the most aggressive and misleading esg trolls isn't great https://twitter.com/...
2022-09-16 View on X
Wall Street Journal

Speaking hours after Ethereum's Merge update, SEC Chair Gary Gensler says cryptocurrencies that let holders stake coins may be subject to US securities laws

SEC chairman says system used by ether following software update could trigger securities laws  —  WASHINGTON—Ethereum's big software update …