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VOICE ARCHIVE

Stephen Diehl

@smdiehl
157 posts
2024-01-07
The advertising on Twitter seems to be nearly exclusively crypto scams, casinos and low quality mobile games. Really scraping the bottom of the barrel now after driving every sensible company off.
2024-01-07 View on X
BleepingComputer

Users say that X is increasingly showing malicious crypto ads, including links to crypto drainers, fake airdrops, and Telegram channels promoting pump and dumps

Cybercriminals are abusing X advertisements to promote websites that lead to crypto drainers, fake airdrops, and other scams.

2023-12-06
> “Why do you feel so entitled to those answers?” Because your firm laundered billions for Hamas, ISIS, Al-Qaeda, Triads, Russian oligarchs, ransomware gangs, human sex trafficking, North Korea, and facilitated thousands of CSAM transactions. That's why. https://www.ft.com/...
2023-12-06 View on X
Financial Times

Binance CEO Richard Teng refuses to disclose the location of the company's global headquarters, maintaining a stance taken by former CEO Changpeng Zhao

Financial Times :

2023-11-26
> “The crime was the product. An opportunity to transform global financial infrastructure was greatly overstated and has not come to pass. I do not expect this to change.” https://www.bitsaboutmoney.com/ ...
2023-11-26 View on X
Bits about Money

A look at Binance and CZ's “Bond villain” compliance strategy and how their settlements will allow the US to deflate Binance while minimizing collateral damage

James Bond films have a certain formula to them.  It is more interesting when seen from the perspective of the villain.

2023-11-22
Another crypto kingpin is going to jail for a very long time. He spent years defrauding the public and calling every criticism FUD. And it was all a big scam, just like all of crypto. https://www.wsj.com/...
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.

Another crypto kingpin is going to jail for a very long time. He spent years defrauding the public and calling every criticism FUD. And it was all a big scam, just like all of crypto. https://www.wsj.com/...
2023-11-22 View on X
Wall Street Journal

Filing: Changpeng Zhao agrees to pay a criminal fine of $50M and can retain his majority ownership of Binance but can't hold an executive role at the company

2023-11-21
DOJ suit against Binance finally drops. And it comes with criminal charges against the founders. https://www.bloomberg.com/...
2023-11-21 View on X
Bloomberg

Sources: the US DOJ seeks $4B+ from Binance as part of a proposed resolution of a years-long probe; CZ would still potentially face criminal charges in the US

2023-10-20
Another case brought by New York State against a crypto exchange in an alleged $1.1 Billion fraud. This case is a really big deal. https://ag.ny.gov/...
2023-10-20 View on X
Fortune

New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+

and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...

2023-10-11
A stark reminder of a simple truth: crypto destroys lives. Stay away. https://www.cnbc.com/...
2023-10-11 View on X
New York Times

Caroline Ellison testifies that SBF “directed” her to commit crimes, like using FTX client funds for Alameda Research's venture investments and loan repayments

Ms. Ellison, who also dated Mr. Bankman-Fried, is the government's star witness in the criminal fraud trial of the founder of the FTX crypto exchange.

Have to keep stressing this point, crypto proliferation is directly at odds with the foreign policy interests of the United States. We should ban it. https://www.wsj.com/...
2023-10-11 View on X
CNN

Letter: Thierry Breton warns Elon Musk that X could face penalties under the DSA for hosting “illegal content and disinformation” about the Israel-Hamas war

European officials warned X on Tuesday that the company formerly known as Twitter appears to have been hosting misinformation …

Have to keep stressing this point, crypto proliferation is directly at odds with the foreign policy interests of the United States. We should ban it. https://www.wsj.com/...
2023-10-11 View on X
Wall Street Journal

Research: Palestinian Islamic Jihad-linked crypto wallets received ~$93M from August 2021 to June 2023; Hamas-linked ones received ~$41M over a similar period

whether those funds are in the form of fiat currency, gold, crypto or whatever. 1/3 @billhughesdc : “Hamas stopped publishing its donation addresses to protect donors' anonymity af...

2023-09-27
Non-compliant entity that scoffs at US laws is having existential problems. I know how this ends. https://www.wsj.com/...
2023-09-27 View on X
Wall Street Journal

Over a dozen senior executives left Binance over the past three months; Kaiko: Binance now handles ~50% of all direct crypto trades, vs. ~70% in January 2023

Key take-aways from the article:  — Over the past three months, more than a dozen top managers have quit. … Karsten Weide : Looks like ⁦‪@binance, controlling about half the market...

2023-09-18
Effective Altruism Macbeth : ACT V, SCENE V > “I'm broke and wearing an ankle monitor and one of the most hated people in the world,” he wrote. “There will probably never be anything I can do to make my lifetime impact net positive.” https://www.nytimes.com/...
2023-09-18 View on X
New York Times

A look at SBF's ~250 pages of reflections and self-justifications while under house arrest, which signal how he may defend himself at his October criminal trial

2023-09-17
Effective Altruism Macbeth : ACT V, SCENE V > “I'm broke and wearing an ankle monitor and one of the most hated people in the world,” he wrote. “There will probably never be anything I can do to make my lifetime impact net positive.” https://www.nytimes.com/...
2023-09-17 View on X
New York Times

A look at SBF's ~250 pages of reflections and self-justifications while under house arrest, which signal how he may defend himself at his October criminal trial

The FTX founder wrote hundreds of pages of reflections and self-justifications while under house arrest, shedding light …

2023-09-16
Effective Altruism Macbeth : ACT V, SCENE V > “I'm broke and wearing an ankle monitor and one of the most hated people in the world,” he wrote. “There will probably never be anything I can do to make my lifetime impact net positive.” https://www.nytimes.com/...
2023-09-16 View on X
New York Times

A look at Sam Bankman-Fried's ~250 pages of reflections and self-justifications while under house arrest, offering a window into how he may defend his actions

The FTX founder wrote hundreds of pages of reflections and self-justifications while under house arrest, shedding light …

2023-08-26
The Eurozone isn't going to be humouring the world's largest money laundromat anymore. https://www.bloomberg.com/...
2023-08-26 View on X
Bloomberg

Mastercard and Binance plan to end their Latin America and Middle East card partnership on September 22; Visa stopped issuing Binance cards in Europe in July

Where does it go from here for Binance and I wonder what some of the jurisdictions …

2023-08-25
The Eurozone isn't going to be humouring the world's largest money laundromat anymore. https://www.bloomberg.com/...
2023-08-25 View on X
Bloomberg

Mastercard and Binance plan to end their card partnership in Latin America and Middle East on September 22; Visa stopped issuing Binance cards in Europe in July

- Visa halts issuing new Binance Card while Mastercard ends pact  — Crypto exchange under legal and regulatory challenges globally

2023-07-15
This is a good article. I am as perplexed as Matt about this one. This case is such a complete inversion of our investing norms.
2023-07-15 View on X
Bloomberg

The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly

Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @...

2023-07-08
Leaving for “personal reasons,” which I'm going to presume means striking a deal for immunity with the Feds. https://fortune.com/...
2023-07-08 View on X
The Block

Report: Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie quit over CZ's response to the DOJ's probe

- Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources. Source: Fortune .

2023-07-07
Leaving for “personal reasons,” which I'm going to presume means striking a deal for immunity with the Feds. https://fortune.com/...
2023-07-07 View on X
The Block

Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ's response to the DOJ's probe

- Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources. Source: Fortune .

2023-06-19
Wow, congrats to the @FT for getting https://crypto.com/ to admit their conflicts of interest about an in-house prop desk on the public record. Quite the scoop and admission. https://www.ft.com/...
2023-06-19 View on X
Financial Times

Sources: internal teams at Singapore-based Crypto.com trade tokens for profit on the exchange and elsewhere, a little-known fact since the company's 2016 launch

Singapore group has desk to profit from market moves  —  Crypto.com, the exchange endorsed by Hollywood actor Matt Damon …