mom i'm scared can you come pick me up? the all in guys are tweeting about crypto again
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there have been a LOT of letters coming in from Celsius creditors who are having issues receiving reimbursements from the bankruptcy case
over forty letters were filed yesterday, and more are coming in each day
even the crypto industry journalists are over it
Justice James Mellor:
Dr. Wright is not the author of the Bitcoin White Paper.
Second, Dr. Wright is not the person who adopted or operated under the pseudonym "Satoshi Nakamoto" in the period 2008 to 2011.
Third, Dr. Wright is not the person who created the Bitcoin System.
And, fourth, he is not the author of the initial versions of the Bitcoin software.
Full written judgment still to come.
(via CoinDesk)
oh.
Yuga Labs has asked the court to sanction Ryder Ripps for destroying private keys to wallets containing RR/BAYC NFTs, despite knowing he would likely be subject to an injunction requiring him to transfer or burn the NFTs.
Ripps claims he did this in order to "permanently ensure that [he] did not inadvertently engage in any activity on any cryptocurrency wallet that could be interpreted as violating the Court's earlier October 25, 2023 injunction."
Yuga's not buying that at all:
They've also asked the court to sanction both Ripps and his co-defendant Jeremy Cahen for not transferring $120,000 within two weeks, as stipulated. Counsel for Ripps and Cahen say the two are unable to pay, and that Yuga needs to obtain a writ of execution to enforce the judgment.
Yuga doesn't seem to buy that Ripps and Cahen can't afford the $120K, claiming that since the court order they've seen Cahen withdraw $30,000 from a crypto wallet he owns to an exchange, and drop $11,200 on an NFT.
Former Binance CEO Changpeng Zhao has been ordered to surrender his Canadian passport. His bond conditions have also been updated to reflect previous rulings prohibiting him from leaving the US.
https://www.courtlistener.com/docket/68026006/71/united-states-v-zhao/
Kickstarter's bizarre blockchain announcement in December 2021 makes so much more sense now that we know Andreessen Horowitz secretly promised them $100 million to pivot to a blockchain-based product built on the also-a16z-backed Celo blockchain.
At the time, I wondered why COO Sean Leow was so insistent on the move despite being apparently very confused about the whole concept.
Kickstarter's COO, Sean Leow, did an interview with The Beat to discuss the announcement. He seemed to be a little bit confused on the whole concept throughout, and seemed to believe that "open source" is some sort of competing idea to blockchains. At one point he stated, "We believe that that data can be structured in a way through a blockchain where it ... can move in a much more efficient and effective way between services ... in a way that open source doesn't allow". Later in the interview he spoke about governance, saying, "our understanding is that [governance] is done more effectively with blockchain then with open-source."– February 2022 Web3 is Going Just Great entry
I suspect Tom McKay , then writing at Gizmodo, didn't know how right he was:
crypto folks out there like "is this anything?" while searching around for the next narrative to draw in new bagholders