It was probably only a matter of time, but former CEO of crypto exchange FTX and former billionaire (now hundred-aire) Sam Bankman-Fried (SBF) was arrested in the Bahamas at the request of the U.S. government. For those of you not watching this dumpster fire, crypto exchange FTX and its related companies leveraged the hell out […]
Continue reading → [DISPLAY_ACURAX_ICONS]Rackspace Admits Outage Related to Ransomware On Tuesday, five days into an outage of Rackspace’s hosted Exchange service, they admitted it was due to ransomware. They say it is going to impact revenue as they work to mitigate the problem. It is still a dumpster fire, but they are dribbling out information at last. I […]
Continue reading → [DISPLAY_ACURAX_ICONS]Cryptocurrency Collapse Continues Cryptocurrency lender and financial firm BlockFi filed for bankruptcy as the Ponzi scheme called Cryptocurrency continues its uncontrolled collapse. FTX was supposed to bail them out, but guess what – that is unlikely to happen. Withdrawals are “paused” for now, another term for you are screwed. Also remember that if you have […]
Continue reading → [DISPLAY_ACURAX_ICONS]Accounting firm Bansley & Kiener agreed to a $900k settlement to resolve a class action after a breach. The accounting firm was breached in December 2020 but did tell people about it. In May 2021 they discovered that information had been stolen. Side note: why did it take them six months to figure out that […]
Continue reading → [DISPLAY_ACURAX_ICONS]Putin is dealing with the reality of the worldwide financial sanctions crippling his economy. His solution is to create a financial system based on distributed finance or DiFi. An example is cryptocurrency. Using DiFi, Putin thinks he can get around sanctions. There are, of course, a couple of holes in this logic. First, who besides […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Great Crypto-Cop Brain Drain As if things weren’t hard enough for the cops, the ones that have been tracking down the bad crypto apples have discovered the grass is greener on the corporate side – a lot greener. And they are fleeing the government side, making things even harder for the remaining govies. Read […]
Continue reading → [DISPLAY_ACURAX_ICONS]