Bitcoin proved me right
In August now we are above $75 billion lost for crypto grifts.
- OpenSea expects SEC lawsuit
- Bitcoin mining company goes under (hours after I called it 👇😁)
- It’s decentralised bro: losing 55 million to phishing has never been easier
- Ronin bridge hacked again
OpenSea vs SEC
“OpenSea has announced that they received a Wells notice from the U.S. Securities and Exchange Commission, warning them of a likely lawsuit from the agency. “[source]
Bitcoin mining company goes under
Rhodium Enterprises, a big Bitcoin mining company from Texas files for bankruptcy. Main reasons being fluctuating Bitcoin price, increasing electricity prices and reward halving. For more on the issue see my article, it’s a very short summary with illustrations.
$55 million lost to phishing
Oh, the wonders of no central authority to correct human error and bad decisions. Code is law, decentralisation is the future, and this “crypto whale” is shorter a couple millions. [sauce] One must wonder if seasoned pro crypto whales are this susceptible to these kinds of crimes…
