cryptocurrency

Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist
16 Nov

Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist

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In perhaps the most adorable hacker story of the year, a trio of technologists in India found an innovative way to circumvent Apple’s location restrictions on AirPod Pro 2s so they could enable the earbuds’ hearing aid feature for their grandmas. The hack involved a homemade Faraday cage, a microwave, and a lot of trial and error.On the other end of the tech-advancements spectrum, the US military is currently testing an AI-enabled machine gun that is capable of auto-targeting swarms of drones. The Bullfrog, built by Allen Control Systems, is one of several advanced weapons technologies in the works to…
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Silk Road Creator Ross Ulbricht Is Waiting for Trump to Keep His Word—and Set Him Free
14 Nov

Silk Road Creator Ross Ulbricht Is Waiting for Trump to Keep His Word—and Set Him Free

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At sentencing, the judge was also permitted to take under consideration the murder-for-hire allegations, despite them never having been charged at trial. “Until the Supreme Court rules otherwise, relevant but uncharged crimes of this sort can be and are regularly considered by judges,” says Richman.Ulbricht has never fully acknowledged the harm inflicted by the Silk Road’s vast sales of drugs that included heroin and other opiates, and he still shows little remorse for his actions in his public posts to Twitter, argues Jared Der-Yeghiayan, a former Homeland Security Investigations agent who infiltrated the Silk Road undercover as part of the…
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As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring
06 Nov

As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring

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On the campaign trail, Trump went out of his way to court their favor. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump duly sang from the bitcoin hymn sheet, promising to cement the US as the foremost bitcoin mining powerhouse, establish a national “bitcoin stockpile,” and appoint a bitcoin advisory council if reelected. Trump claimed he would turn the US into the “crypto capital of the planet.”In October, Trump went as far as to launch his own crypto platform, World Liberty Financial, which his family has marketed as a way to “make finance great…
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Ubisoft stealth released an NFT game absolutely no one needs
31 Oct

Ubisoft stealth released an NFT game absolutely no one needs

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A new tactical RPG game for PCs from Ubisoft requires NFTs to play it. Per Ubisoft Quartz, the publisher’s NFT platform, has released Champions Tactics: Grimoria Chronicles without much fanfare.It’s not really billed as a Web3-based game in the trailer, probably because NFTs are as popular of an investment as Blackberry phones or fax machines. However, it still plays a major part in Champions Tactics. The game starts you with a handful of free temporary figurines to start you off but you’ll need to buy your own NFTs to compete using in-game currency or cryptocurrency that can reach into the…
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Meet ZachXBT, the Masked Vigilante Tracking Down Billions in Crypto Scams and Thefts
24 Oct

Meet ZachXBT, the Masked Vigilante Tracking Down Billions in Crypto Scams and Thefts

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As ZachXBT has pursued that career as a crypto vigilante, he has also kept his mask firmly in place. Online, he appears only as his avatar, a kind of platypus cartoon figure in a detective's trench coat or sometimes a hoodie. To avoid retaliation from his many enemies in the world of crypto criminals and con artists, he has never publicly shown his face nor revealed his real name or exact age and would only speak to WIRED on the condition that I not try to dig up those identifying details.On some of their early conference calls, McGill says, ZachXBT…
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Nigeria Drops Charges Against Tigran Gambaryan, Jailed Binance Exec and Former IRS Agent
23 Oct

Nigeria Drops Charges Against Tigran Gambaryan, Jailed Binance Exec and Former IRS Agent

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For eight months, the criminal investigator who pioneered cryptocurrency tracing as a law enforcement technique has, in a bizarre twist of fate, been detained and then jailed in Nigeria facing charges of money laundering and tax evasion. Now, he may finally be coming home.On Wednesday in Abuja, a court ruled that criminal charges against Gambaryan, a Binance executive who previously served as an IRS criminal investigator for a decade, will be dropped on medical grounds as pressure from the US government has grown to secure Gambaryan's release.Gambaryan was detained in February and later jailed after being invited to the country…
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Peter Todd Was ‘Unmasked’ As Bitcoin Creator Satoshi Nakamoto. Now He’s In Hiding
22 Oct

Peter Todd Was ‘Unmasked’ As Bitcoin Creator Satoshi Nakamoto. Now He’s In Hiding

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In the week before the documentary was released, online betting markets had Len Sassaman, a cryptographer who moved in similar online circles to Satoshi, as the most likely candidate to be revealed as the Bitcoin creator. Sassaman took his own life in 2011 at the age of 31, shortly after Satoshi disappeared.The case for Sassaman was first outlined in 2021 by Evan Hatch, founder of crypto gaming platform Worlds. Whenever speculation about Sassaman bubbles periodically to the surface, the spotlight is thrown on his widow, software developer Meredith Patterson, who believes the theory is unfounded.“People used to be really fucking…
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In the Kentucky Mountains, a Bitcoin Mining Dream Becomes the Stuff of Nightmares
21 Oct

In the Kentucky Mountains, a Bitcoin Mining Dream Becomes the Stuff of Nightmares

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In both cases, Biofuel claims, the firms shipped equipment from China to its hosting facility in Eastern Kentucky, then walked away with the bitcoin produced, leaving behind hundreds of thousands of dollars in unpaid energy bills and hosting fees.Biofuel reached a settlement with Touzi in early 2022 for $60,000, but despite having handed back the mining equipment, it claims not to have received the sum it is owed under the agreement.In the still-unresolved spat with VCV, Biofuel received permission from the Martin County Circuit Court in Kentucky to sell off the mining equipment, claims Whites, to recoup a portion of…
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Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door
17 Oct

Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door

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While the biometric-scanning Orb and the World network have their roots in crypto tokens, “crypto” wasn’t an oft-mentioned word during the event. Instead, Altman and Blania emphasized World’s blockchain service, digital asset management, and virtual communication tools.Blania claimed during the press briefing that, in the future, World hopes to build the “largest finance network” on the planet.In a separate interview with WIRED, Blania said that during regular Sunday meetings at Atlman’s house, the pair were inspired by the rise of PayPal. Similar to the way that Peter Thiel, Max Levchin, and others once pioneered digital payments and fundamentally changed online…
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Trumpcoin Launches With a Whimper
16 Oct

Trumpcoin Launches With a Whimper

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The Trump family’s new crypto venture, World Liberty Financial, is off to an inauspicious start after website crashes limited the ability for investors to participate in an inaugural token sale event.The crypto token, WLFI, went on sale at around 9 am Eastern time on Tuesday. At the time of writing, the website continues to be plagued by reliability issues, pushing some visitors to an error page. “We can’t connect to the server for this app or website at this time,” the notice states.Data from analytics platform Etherscan shows that only 8,500 people have participated in the token presale so far,…
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