Weekend Wrap: SBF's internet sucks, BlackRock denies Voyager buy and more


Sam Bankman-Fried on dial-up stage internet

Former FTX CEO Sam Bankman-Fried’s attorneys have once more requested a courtroom to quickly launch the previous FTX boss claiming the poor internet connection in his Brooklyn jail is interfering with their trial prep.

In a Sep. 8 letter to District Judge Lewis Kaplan, Bankman-Fried’s lawyer Mark Cohen mentioned his shopper can’t entry an internet-enabled laptop twice per week for 4 to 5 hours as previously agreed to with United States prosecutors.

Cohen’s letter to Judge Lewis Kaplan. Source: CourtListener

Citing an Aug. 30 incident, Cohen claimed Bankman-Fried misplaced two hours of “review time” as a result of an unrelated delay involving one other inmate on the jail.

Once Bankman-Fried was finally introduced as much as the visiting room the internet connection was so gradual that it took 10 minutes for the house web page to load, his attorneys claimed.

“By 1:00pm — 1.5 hours later — Mr. Bankman-Fried was only able to load one document from the database to review. Effectively, Mr. Bankman-Fried had no access to the internet for the entire 5-hour period.”

“The defendant cannot prepare for trial with these kinds of limitations,” the letter reads.

Cohen claimed Bankman-Fried hasn’t been in a position to successfully put together for his trial for the higher a part of a month and pushed for a brief launch saying it’s vital as a way to make up for the misplaced time.

BlackRock’s buy of Voyager was one large lie

Asset administration large BlackRock has denied shopping for bankrupt crypto brokerage agency Voyager Digital — regardless of a extensively shared press launch stating in any other case.

A Sep. 8, a pretend press releasesyndicated to the Associated Press — claimed that BlackRock deliberate to accumulate Voyager, citing “industry insiders.”

Faked press launch of BlackRock’s buy of Voyager on AP. Source: Associated Press

A BlackRock spokesperson instructed Cointelegraph it’s not buying Voyager and tales suggesting in any other case are false.

As first famous by crypto journalist Colin Wu in an X (Twitter) post the identical day, the social media account linked on the backside of the discharge directed to a newly-created X account with one submit and one follower.

The social media account linked on the backside of the faked press launch set its show title to “Voyager” however its deal with is “@JoyTyger930897.” Source: X

EINPresswire was seemingly the primary to submit the press launch, which exhibits an organization known as MK Digiworld offered the information. That firm’s website solely directs customers to message a Pakistan-based quantity.

Voyager’s VGX token nonetheless spiked 15% to $0.153 inside 12 hours of the AP’s syndication on Sept. 9. However the token has since returned to $0.126, according to CoinGecko.

Remember the man who threw 8,000 BTC within the trash?

Early Bitcoin (BTC) investor James Howells is gearing up for a lawsuit in opposition to a south Wales council over its refusal to let him attempt to dig up and discover a arduous drive he threw out over 10 years in the past containing 8,000 BTC.

In a Sep. 8 report within the British paper The Telegraph, Howells mentioned the arduous drive was by chance binned by his ex — ending up in a tip managed by Newport City Council.

Since then Howells has been preventing with the council about entering into the tip to search out the drive — which it’s refused a number of instances citing the damaging environmental affect of digging up garbage.

On Sep. 4, Howells despatched an open letter to the council demanding he’s allowed to entry the dump and begin work by Sep. 18 or face a lawsuit with damages looking for practically $560 million — more than double what the stash can be at the moment value at practically $206 million.

“I’ve tried everything I can for 10 years,” Howells mentioned. “They didn’t want to play ball, so now we have to go down the legal route.”

Previously, Howells has proposed a venture-backed $11 million project to dig up the drive that might make use of synthetic intelligence and robotic canine to kind the trash together with specialists in excavation, waste administration and information extraction.

Someone pays $500,000 in Bitcoin charges

The on-line crypto group has been left scratching their heads over a single Bitcoin transaction the place somebody paid practically 20 BTC, or over $515,000 in charges.

The Sep. 10 transaction was picked up by the blockchain-tracking X account Whale Alert and pseudonymous X consumer “mononaut” posted the transaction “makes absolutely no sense.”

“My best guess is that this was created manually by pasting addresses and amounts into some kind of wallet software,” mononaut wrote.

They defined the consumer could have by chance pasted an output quantity into the price field of the software program then despatched the transaction with out checking.

Bitcoin pockets supplier Casa co-founder Jameson Lopp mentioned the transaction “looks like an exchange or payment processor with buggy software.”

He added the tackle appears to function as a companies “withdraw-only hot wallet” and in all probability miscalculated a change output as a result of having across the identical variety of despatched and obtained transactions.

Also making information

The X account of Ethereum co-founder Vitalik Buterin was compromised on Sep. 9 with hackers posting a phishing hyperlink that led to them netting an almost $700,000 payday.

The identical day, FTX sued cross-chain protocol LayerZero Labs to attempt claw back $21 million allegedly illegally withdrawn previous to the crypto alternate’s November 2022 chapter.

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Additional reporting by Brayden Lindrea.