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North Korean Hackers May Cash Out Stolen Crypto; State of Crypto in Hong Kong
Host Angie Lau takes a deep dive into the state of crypto in Asia as Hong Kong Virtual Asset Exchange (HKVAX) becomes the third licensed crypto operator in the city. Plus, the Federal Bureau of Investigation (FBI) warns that North Korea-based hackers Lazarus Group and APT38 may attempt to cash out stolen bitcoin (BTC) worth more than $40 million. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Donald Trump NFTs Surge; FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin and ether remain below levels that are likely to inflict "maximum pain" on buyers of August expiry option contracts. Bankrupt crypto exchange FTX wants to start selling, staking and hedging its crypto holdings. Plus, what is causing prices and volumes of Donald Trump’s NFT collections to surge?
'Napoleon Dynamite' Star Jon Heder Reflects on FTX Collapse, Focus on 'Altruistic Philosophy'
Verified Labs co-founder Jon Heder, who is also an actor known for the smash hit comedy “Napoleon Dynamite," reflects on the FTX implosion after being cast in the animated parody inspired by the crypto exchange's collapse. "It's pretty much Greek to me," Heder said. "I'm trying to make sense of it all as we go along."
Bitcoin Traders Move Past $1B Liquidation Event
Market intelligence platform Santiment notes that bitcoin's (BTC) price flirted with $26,800 in the past 24-hours, as large holders are returning to the market. The comes a week after $1 billion worth of crypto futures were liquidated after a sudden sell-off that hit trading volumes and the broader market recovery. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
FTX Saga Satirized by Web3 Studio in Interactive Series Called 'FORTUN3'
Verified Labs co-founder Jon Heder, who is also known for the smash hit comedy “Napoleon Dynamite,” joins Verified Labs CEO Justin Trevor Winters on "The Hash" to discuss the upcoming animated comedy about the FTX debacle called "FORTUN3," debuting this fall. Plus, the two discuss their plans to bridge the gap between entertainment and Web3.
How Charges Against Tornado Cash Developers Could Alter Future of DeFi
The Department of Justice alleged that two Tornado Cash developers, Roman Storm and Roman Semenov, have laundered "more than $1 billion" with the crypto privacy mixer, including "hundreds of millions" for North Korea's Lazarus Group. "The Hash" panel discusses the indictment and what it could mean for the future of decentralized finance.
Bankrupt FTX Wants Mike Novogratz’s Galaxy to Manage its Crypto Holdings
Bankrupt crypto exchange FTX is seeking to hire Mike Novogratz’s Galaxy as an advisor to help sell, stake and hedge its sizable crypto holdings, according to court filings. "The Hash" panel discusses the latest developments and the financial conditions of the defunct exchange as the bankruptcy case is burning as much as $1.5 million every day in legal costs.
Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.
Crypto Developers Are Being Charged Because They 'Opened the Door' to Illegal Activity: Lawyer
Tully & Weiss criminal defense attorney Joseph Tully weighs in on Tornado Cash developers Roman Storm and Roman Semenov facing allegations of money laundering and sanctions violations. "This is sort of along the same lines of law that we've seen starting with Napster, BitTorrent...even Silk Road, where developers are being charged not for things that they did, but because they opened the door, so to speak, for illegal activity," Tully said.
Tornado Cash Devs Charged With Money Laundering and Sanctions Violations
Tornado Cash developers Roman Storm and Roman Semenov were charged with violating sanctions and helping exploiters launder more than $1 billion, including "hundreds of millions" for North Korea's Lazarus Group, according to a statement from the U.S. Attorney's Office of Southern District of New York. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses what the legal developments could mean for the future of crypto privacy mixers.
