Activity tagged "crypto"

Read:
"Rabbit Holed".
Edward Zitron in Ed Zitron's Where's Your Ed At. Published .
The problem here is not that Rabbit Inc. used to be an NFT company, or that Jesse Lyu was its CEO, or that any of the GAMA team is or was part of making the Rabbit R1. Companies pivot. It happens.   When they do so they communicate how they’re doing so to their users, and do so with transparency. The problem is that it appears that GAMA holders, and anyone who took significant interest in GAMA and the things that Lyu promised — a comic, a television show, a Massively Multiplayer Online Role Playing Game, a physical store to educate people on Web3 and NFTs, a rocket ship with a satellite — were left in the lurch. Less than a year before the Rabbit R1 launched, Lyu was discussing integrating AI into a completely different product, and people believed that he was sincerely focused on creating all the things he’d promised to in GAMA and the Gamaverse. 

Avraham Eisenberg, the person who was just found guilty of exploiting the Mango Markets crypto project, has now been charged with possession of child sexual abuse material.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK UNITED STATES OF AMERICA v. AVRAHAM EISENBERG, Defendant. INFORMATION 24 Cr. 251 COUNT ONE (Possession of Child Pornography) The United States Attorney charges: 1. From at least in or about 2017 through at least in or about 2022, in the Southern District of New York and elsewhere, AVRAHAM EISENBERG, the defendant, knowingly possessed and accessed with intent to view a book, magazine, periodical, film, videotape, computer disk, and other material that contained an image of child pornography that had been mailed, shipped and transported using a means and facility of interstate and foreign commerce and in and affecting interstate and foreign commerce by any means, including by computer, and that was produced using materials that had been mailed, shipped and transported in and affecting interstate and foreign commerce by any means, including by computer, to wit, EISENBERG possessed sexually explicit images of minors on his electronic devices, including images of prepubescent minors and minors who had not attained 12 years of age, in Rockland County, New York and in Puerto Rico. (Title 18, United States Code, Sections 2252A(a)(5)(B) and (b)(2).) FORFEITURE ALLEGATION 2. As a result of committing the offense alleged in Count One of this Information, AVRAHAM EISENBERG, the defendant, shall forfeit to the United States, pursuant to Title 18

this is not altogether surprising, given an august 2023 filing in his market manipulation case that disclosed that the FBI had found CSAM while searching a cell phone of his in relation to his crypto theft

interesting, Roger Stone deleted one of his tweets shilling a "MAGA Memecoin" after I pointed out that these tweets likely violate SEC rules

Tweet by Roger Stone (@RogerJStoneJr) Donald Trump has at least $2M in @MAGAMemecoin in his crypto wallet - get yours- this cryptocurrency is going UP! -The announcement of our partnership gained us double digit growth TODAY Tweeted at 2:50 AM · Apr 18, 2024

most of his other promo tweets remain, though, and have similar issues

The SEC is asking the judge in the Terra lawsuit to order $4.2 billion in disgorgement, a $420 million penalty against Terraform Labs, and a $100 million penalty against Do Kwon.

PLAINTIFF’S MOTION FOR FINAL JUDGMENT AGAINST DEFENDANTS Plaintiff Securities and Exchange Commission (“SEC”) respectfully moves the Court to enter final judgment against Defendants Terraform Labs PTE LTD. and Do Hyeong Kwon (collectively, “the Defendants”). On April 5, 2024, the jury returned a verdict against the Defendants on all counts. For the reasons set forth in the SEC’s memorandum of law and the accompanying declarations of Avron Elbaum and Donald Battle, submitted herewith, the Court should (1) enjoin Defendants from further violation of Sections 5 and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; (2) jointly and severally order them to pay disgorgement of $4,192,147,847 plus $545,748,909 in prejudgment interest; (3) ordering Terraform and Kwon to pay a $420 million and a $100 million civil penalty, respectively; (4) imposing a conduct-based injunction on Defendants, and an officer-and-director bar on and a sworn accounting from Kwon; and (5) holding that the fraud- related monetary remedies imposed on Terraform are non-dischargeable in bankruptcy, and enter final judgment.

They also want Kwon banned from serving as an officer or director of a publicly traded company.

Kwon has opposed any injunction or disgorgement against him, and says that the potential penalties should be somewhere around $250,000–$300,000.