molly0xfff

molly0xfff, 10 months ago to random

so SBF and an attorney:
• falsified a "payment agreement" between FTX & Alameda
• backdated it by ~2y
• wet signed it to avoid DocuSign timestamp
• submitted it to an external auditor
• used it to obtain a $400M funding round

relic of the first draft of the sham agreement that Attorney-1 created in March 2021—nearly two years after Bankman-Fried supposedly signed it. Bankman-Fried and the FTX Group also used the sham Payment Agent Agreement to support their claim to the outside auditor that fiat currency of FTX.com customers did not need to be recorded in FTX Trading Ltd.’s audited financials. FTX Trading Ltd. informed its auditor that, pursuant to the agreement, Alameda “provides cash management services to FTX.” A member of FTX Trading Ltd.’s external accounting team who was closely involved in the audit explained in an e-mail to the FTX Group’s external counsel working on the IPO that pursuant to this “cash management agreement,” Alameda “manages the fiat aspects for customers.” She explained, because “we have been using Alameda as our payment processor, we have not recorded the customer fiat nor their crypto balances on our books as an asset or liability.” After Attorney-1 caused the outside auditor to be provided with the Payment Agent Agreement, the outside auditor prepared an audited financial statement of FTX Trading Ltd. that inaccurately and misleadingly characterized FTX Trading Ltd.’s relationship with Alameda, and did not record any fiat currency of FTX.com customers. While the IPO was not ultimately consummated, the FTX Group proceeded to share the false and misleading audited financials with potential investors in connection with its $400 million Series C financing that closed in Ja

molly0xfff, 6 months ago to ai

AI is going just great
https://404media.co/users-cant-speak-to-viral-ai-girlfriend-carynai-because-ceo-is-in-jail/

#AI

molly0xfff, 3 months ago to random

need to start keeping a list of all the times some big supposed display of bleeding edge technology turns out to just be A Guy

molly0xfff, 10 months ago to random

summertime dog ownership is just repeating "we don't eat bees" 20x a day

molly0xfff, 1 year ago to random

Starting in 30 minutes: a Senate hearing titled "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets".

Livestream at https://www.banking.senate.gov/hearings/crypto-crash-why-financial-system-safeguards-are-needed-for-digital-assets

Witnesses will be:
• Lee Reiners (policy director at the Duke Financial Economics Center, crypto skeptic)
• Linda Jeng (crypto lobbyist)
• Yesha Yadav (law prof at Vanderbilt, pro-crypto, big on crypto self-regulation)

Written testimonies linked at same URL above.

#SenateHearing

molly0xfff, 4 months ago to random

finally! i've always wished i could look at my #NFTs on [checks notes] the dashboard of my mercedes

molly0xfff, 4 months ago to random

Issue 48 – Bitcoin has "no chance" of going to the moon

Bitcoin ETF fakeouts, imaginary CEOs, and a bridge hack make for an eventful start to the new year.

https://citationneeded.news/issue-48/
#newsletter #CitationNeeded #crypto #cryptocurrency

molly0xfff, 1 year ago (edited 1 year ago) to random

Sam Bankman-Fried has filed motions to dismiss all but three charges in the criminal case against him.

The charges he is not contesting atm are:
5. Conspiracy to commit commodities fraud
6. Conspiracy to commit securities fraud
and
11. Conspiracy to commit money laundering

https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.136.0.pdf

#crypto #ftx

molly0xfff, 11 months ago to random

hello my pretties
#gardening

molly0xfff, 11 months ago to random

happy 90 days after this tweet.

as i write this, bitcoin is priced at $25,000, below its $26,000 price point on march 17 and a mere $975,000 away from reaching the $1M price point as balaji predicted

molly0xfff, 9 months ago to journalism

can someone rescue politico? they seem to be trapped in 2021

#journalism #TechHype #metaverse

molly0xfff, 8 months ago to oxygennotincluded

help i've been nerdsniped

#OxygenNotIncluded

molly0xfff, 11 months ago to random

cursed sentence

molly0xfff, 6 months ago to random

font-size: 3000%;
[hacker voice]: i'm in

image/png

molly0xfff, 1 month ago to random

Sam Bankman-Fried has just been sentenced to 25 years in prison.

#SBF #SamBankmanFried #crypto #cryptocurrency

molly0xfff, 2 months ago to random

super cool that all these companies have decided to make customers opt OUT of having their data sold for AI training purposes

"but no one would do it if it was opt-in!"

yeah, THAT IS THE PROBLEM

molly0xfff, 11 months ago to random

today i learned that crypto betting platform polymarket has a "billionaires" category

molly0xfff, 1 year ago to random

binance going with the classic "we were just moving fast and breaking things!" defense

via https://nytimes.com/2023/04/26/technology/binance-crypto-crackdown.html

molly0xfff, 9 months ago to HeavyMetal

wound up with a gojira pick from the gojira/mastodon/lorna shore show 🤘

#LiveMusic #HeavyMetal #Metal #TheOtherMastodon

molly0xfff, 6 months ago to random

okay, that's enough, we need to put a limit on names in the tech industry. if you're named sam and you're hoping to become a prominent figure in tech, please pick something else. mar(c/k)s, you're on notice too.

molly0xfff, 1 year ago to random

Ted Cruz says "I'm a Bitcoin investor personally. I have a standing buy order. Every morning I have a buy of Bitcoin that comes in... I own a little more than 2 BTC."

Per his STOCK Act disclosures he bought btwn 0.4 and 1.4 BTC in Jan 2022. Hasn't disclosed any purchases since.

#crypto #cryptocurrency

video/mp4

molly0xfff, 10 months ago to random

Arkham Intelligence's "Intel Exchange" is live, and someone's already put up a bounty for Elon Musk's crypto wallet information lol

1000 ARKM ≈ $660

molly0xfff, 11 months ago to random

amused that the Tech Won't Save Us episode title format makes it sound like i am the final boss

molly0xfff, 9 months ago to random

i hope if i ever have the misfortune of appearing before a federal judge, courtroom sketch artists will also make me look shredded

molly0xfff, 1 month ago to random

really upsetting to see former Wikimedia Foundation director and CEO Katherine Maher getting targeted by the rightwing outrage machine in her new role as NPR CEO. she's wonderful, and NPR is lucky to have her. i hope they stand behind her.