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$190,000,000 Crypto Theft...Again


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#1 Rogerdodger

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Posted 02 August 2022 - 08:30 AM

"Due Diligence" with Crypto is non existent.
U.S. crypto firm Nomad, a "security-first" keeping users' funds safe, has been hit by a $190 million theft, including ether and the stablecoin USDC.

Nomad, which last week raised $22 million from investors including major U.S. exchange Coinbase Global (COIN.O), makes software that connects different blockchains - the digital ledgers that underpin most cryptocurrencies.
The heist targeted Nomad's "bridge" - a tool which allows users to transfer tokens between blockchains.

Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022.

KITCO



#2 gismeu

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Posted 02 August 2022 - 11:24 AM

"Due Diligence" with Crypto is non existent.
U.S. crypto firm Nomad, a "security-first" keeping users' funds safe, has been hit by a $190 million theft, including ether and the stablecoin USDC.
Nomad, which last week raised $22 million from investors including major U.S. exchange Coinbase Global (COIN.O), makes software that connects different blockchains - the digital ledgers that underpin most cryptocurrencies.
The heist targeted Nomad's "bridge" - a tool which allows users to transfer tokens between blockchains.
Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022.
KITCO


Maybe I should consider that as a lucrative hobby once I am retired?

gis
If you can't buy Happiness, STEAL IT!

#3 pdx5

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    I want return OF my money more than return ON my money

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Posted 02 August 2022 - 12:32 PM

 

"Due Diligence" with Crypto is non existent.
U.S. crypto firm Nomad, a "security-first" keeping users' funds safe, has been hit by a $190 million theft, including ether and the stablecoin USDC.
Nomad, which last week raised $22 million from investors including major U.S. exchange Coinbase Global (COIN.O), makes software that connects different blockchains - the digital ledgers that underpin most cryptocurrencies.
The heist targeted Nomad's "bridge" - a tool which allows users to transfer tokens between blockchains.
Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022.
KITCO


Maybe I should consider that as a lucrative hobby once I am retired?

gis

 

If you need a getaway car driver and lookout, I will consider.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 Rogerdodger

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Posted 02 August 2022 - 01:45 PM

$300 million crypto pyramid scheme
The U.S. Securities and Exchange Commission (SEC) charged 11 individuals for creating and promoting a crypto pyramid and Ponzi scheme that raised more than $300 million from investors worldwide.
The crypto scheme launched in January 2020 under the name Forsage. It was a website that "allowed millions of retail investors to enter into transactions via smart contracts that operated on the Ethereum, Tron, and Binance blockchains," the SEC said.

Forsage allegedly operated as a pyramid scheme for more than two years. Existing investors could earn profits by recruiting more people into the plot. "Forsage allegedly used assets from new investors to pay earlier investors in a typical Ponzi structure," the SEC said.
KITCO
 

Speaking of Crypto...

 

Now is your once in a lifetime chance to buy the latest CRYPTO COIN: ROGERDODGER COIN.

100% guarantee that it will make one person rich!

But wait! Order now and I will give you TWO for the price of one.

HURRY! This offer will not last long. (But neither will the coin or your money!)


Edited by Rogerdodger, 03 August 2022 - 04:55 PM.


#5 Rogerdodger

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Posted 03 August 2022 - 07:40 PM

New crypto oversight legislation arrives as industry shakes...

 

After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry.

The latest bipartisan proposal came Wednesday from Sens. Debbie Stabenow, D-Mich., and John Boozman, R-Ark. It would hand the regulatory authority over Bitcoin and Ether to the Commodities Futures Trading Commission. Stabenow and Boozman lead the Senate Agriculture Committee, which has authority over CTFC.

Bills proposed by other members of Congress and consumer advocates have suggested giving the authority to the Securities and Exchange Commission.

 

This year, crypto investors have seen prices plunge and companies crater with fortunes and jobs disappearing overnight, and some firms have been accused by federal regulators of running an illegal securities exchange. Bitcoin, the largest digital asset, trades at a fraction of its all-time high, down from more than $68,000 in November 2021 to about $23,000 on Wednesday.

Some crypto brokers have falsely claimed that their customers’ deposits are backed by deposit insurance, like banks are.



#6 Rogerdodger

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Posted 05 August 2022 - 05:47 PM

The government crackdown on crypto has begun.

The crypto market sees green headed into the weekend as Bitcoin hovers near $23,000

 

COIN takes off! Up 47.79% this week!

https://schrts.co/BVbBKJEH


Edited by Rogerdodger, 05 August 2022 - 05:51 PM.


#7 Rogerdodger

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Posted 10 August 2022 - 01:43 PM

"Due Diligence" in crypto is not possible, at this time anyway
 
You can lose thru hacker theft, and then lose more by price collapse upon the news of the theft!
 

Hackers steal $611,500 worth of user’s funds by hijacking the Curve Finance homepage

Hackers continue to search for weaknesses in popular decentralized finance protocols, and Curve Finance is the latest platform to fend off an attack. On Tuesday the popular decentralized stablecoin exchange fell victim to a domain name system (DNS) hijack in which hackers briefly took control of the project's homepage.

The exchange posted a tweet on Tuesday warning users to refrain from using the website due to the front page being compromised after several users reported a change in the nameserver.

Curve Finance is one of the top DeFi protocols in the cryptocurrency ecosystem, serving a crucial role as the main stablecoin exchange with a total value locked of $6.13 billion.

As news of the attack spread across social media, the price of the protocol's native CRV token plunged by 11.37% from a price of $1.40 to a low of $1.27.


Edited by Rogerdodger, 10 August 2022 - 01:49 PM.


#8 Rogerdodger

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Posted 11 August 2022 - 01:09 PM

SHARKS IN THE CRYPTO WATER!!!

 

Say it ain't so Mr. Wonderful!

Mark Cuban accused of operating a ‘Ponzi Scheme’ with Voyager Digital

The lawsuit, which was filed in the United States District Court of Southern Florida on Wednesday, claims that Cuban played a crucial role in promoting the Voyager platform and misrepresented the firm on numerous occasions, at one point saying the platform was “as close to risk-free as you are going to get in the crypto universe.”

As part of a promotion to drive traffic to the platform, there was even a period of time when the Dallas Mavericks offered $100 in Bitcoin to those who downloaded the Voyager app and made a deposit of $100 of their own money.

This was directly referenced in the lawsuit, which stated, “Voyager Platform relied on Cuban’s and the Dallas Maverick’s vocal support and Cuban’s monetary investment in order to continue to sustain itself until its implosion and Voyager’s subsequent bankruptcy.”

It all started to go south for the platform following the collapse of Terra (Luna) and its TerraUSD (UST) stablecoin, which sent shockwaves across the crypto ecosystem and led to the demise of the crypto hedge fund Three Arrows Captial (3AC)

 


Edited by Rogerdodger, 11 August 2022 - 01:11 PM.


#9 Rogerdodger

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Posted 11 August 2022 - 02:26 PM

The IRS ramps up its effort to crack down on crypto tax evaders

KITCO.COM

Thursday brought news that the Internal Revenue Service has set its sights on the cryptocurrency prime dealer SFOX Inc., seeking customer records to ensure that users are paying their taxes.
Based on court filings in New York and Los Angeles, the agency has asked federal judges for clearance to serve summonses to SFOX and M.Y. Safra Bank, the banking partner of SFOX, which offered customers cash deposit accounts backed by the Federal Deposit Insurance Corporation.
The main focus of the investigation is on customers who conducted more than $20,000 worth of cryptocurrency transactions over the course of one year, from 2016 to 2021. According to the rules laid out by the IRS, users can buy digital assets with U.S. dollars and hold them in their wallets without being subject to tax. But once an asset is sold or traded, that becomes a taxable event, and traders are expected to report those activities when they file their taxes.
According to documents provided by the government, the 175,000 registered users of SFOX have conducted more than $12 billion in transactions since 2015.



#10 Rogerdodger

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Posted Yesterday, 10:46 AM

NFTs.jpg

 

"I WANT MY NFT"

 

Get your money for nothin' (I want my, I want my)
Chicks for free (I want my NFT)
Money for nothin', chicks for free (I want my, I want my, I want my NFT)
Get your money for nothin' (I want my, I want my)

 

 OpenSea’s policy punishes users who inadvertently purchased previously-stolen NFTs.

OpenSea Changes Stolen NFT Policy Following User Outcry.

The top marketplace will require a police report for NFTs that are said to be stolen, and is considering further tweaks.

 

The World’s First Yacht NFT Just Sold for $12 Million

—With an IRL 110-Footer to Follow.

The owner will pay for the Gregory C. Marshall design in the crypto currency Ethereum.

NFT-BOAT.jpg


Edited by Rogerdodger, Yesterday, 11:05 AM.