Oh and one of the “victims”:
Nothing good comes from Kouvola.
Vox Day
That guy?!?
Also… Rebel Run? They’re ripping off Toyah…
Buy your hostile neighbourhood compliance officer a drink…
The gaps in its compliance programme enabled hackers, drug traffickers and fraudsters to launder crypto worth at least $2.35 billion in funds through the exchange.
…
Both Shroders previously worked at Uber Technologies, where they helped drive the ride-hailing company’s dramatic rise. Some six of Brian Shroder’s former Uber colleagues joined to fill senior Binance.US positions.
…
One target of the new boss was the compliance department, which early this year numbered some 20 people.
Run away, run away, run away…
Purpleurchin cryptocurrency miners spotted scouring free GitHub, Heroku accounts
A stealthy cryptocurrency mining operation has been spotted using thousands of free accounts on GitHub, Heroku and other DevOps outfits to craft digital tokens. GitHub, for one, forbids the mining of coins using its cloud resources.
[…]
While scouring cloud compute resources to mine coins isn’t a new tactic – and usually against the terms of service – the people behind this particular endeavor employed a number of sophisticated automation and obfuscation techniques, we’re told.
[…]
Purpleurchin may be in it for the coin, Morin suggested, though it is worth noting that the cryptocurrencies the gang currently mines – Tidecoin Onyx, Surgarchain, Sprint, Yenten, Arionum, MintMe and Bitweb – have low profit margins.
“We can say with a medium amount of confidence that the actor has been experimenting with different coins,” Morin added. So it’s possible that the criminals see this as a “low-risk, low-reward test” before they move on to Monero or Bitcoin, which are higher value but also more closely monitored by law enforcement.
It’s also possible that Purpleurchin is using its mining operations to prepare for a larger heist, in which they attack the underlying blockchain and steal millions of dollars worth of cryptocurrency.
“This large-scale operation could be a decoy for other nefarious activities,” Morin said, noting APT32’s earlier cryptomining operations that allowed the cyberspies persistent network access for their espionage campaign.
[…]
Talk about privatizing the gains and socializing the costs.
At least they know how to capitalism.
At long last, the Cryptobros have their island nation! /S
NFTs are dead. And stupid. Don’t just take our word for it – Bill Gates, widely considered a pretty smart guy, described them as “100 percent based on greater fool theory” and analyst Forrester recently said “most consumers aren’t interested in NFT stunts.”
Clearly the crypto-bros behind the NFT.London conference didn’t get the memo because they’ve plopped “Europe’s first NFT vending machine” outside the event’s venue, the Queen Elizabeth II Centre in Westminster.
While Her Maj is probably rolling in her grave to have her name even tangentially associated with it, the machine is purported to dispense non-fungible tokens for £10 ($11.22) – an almighty fall from grace for a concept whose most sought after examples once fetched multiple millions.
[…]
X-posted because there is also stuff about crypto:
Ay, there’s the rub…
“Blockchain protocols may be good for some things but they’re not good for Solid,” a web decentralization project led by Berners-Lee, he said. “They’re too slow too expensive and too public. Personal data stores have to be fast, cheap and private.”
Is she technically in a “grave”?
I thought the Royals have been keeping their ancestors in a basement somewhere
It’s like a very advanced form of hoarding
Yes. A mass grave, even.
The “billions” seem to be in cryptocoin, but still. The moment that the plug is pulled on these metaverses, that few people have heard of, let alone visit, it’s gone!
It reminds me of that site long ago, where you could buy pixels on their home screen.
