Tag: Paid

Millions in USDT paid for unlocking stolen iPhones as Apple refuses to act

The cryptocurrency tether (USDT) is used for hundreds of millions of dollars worth of transactions for illicit lost and stolen iPhone unlocking services. Apple appears to have taken little action despite being alerted to the ongoing security breach in their iCloud and Find My iPhone features. These claims were highlighted in a recent video by technology YouTuber and repair technician Luis Rossmann. A glitch in Apple Connect Apple’s renowned security measures are under scrutiny following reports of numerous iCloud unlocking services advertised on various platforms. These services claim to bypass…

Minister proposes government services paid in crypto

boss

Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as payment for government services. As reported in local news, the micro-European nation continues to embrace blockchain technologies. Risch, who also serves as finance minister, is quoted as saying: “A payment option with Bitcoin is coming.” However, he did not give a timeframe. Moreover, the principality is unlikely to accept Bitcoin and “hodl” (hold onto) the satoshis it receives. Instead, it will accept deposits in Bitcoin and immediately exchange them for Swiss francs, the national currency. The direct exchange…

Who paid for Twitter Blue verification? Here’s how to find out

boss

With Twitter allowing users to verify their accounts for a monthly fee, the number of accounts with a blue checkmark — previously associated with prominent figures — has flooded the social media platform. A browser extension available for Chrome, Firefox and Safari aims to bring back the balance by revealing the accounts that have paid $8 for subscribing to Twitter Blue. Under the direction of Elon Musk, Twitter rolled out the “Twitter Blue” subscription to discourage spam bots and fake accounts on the platform. However, when the service was initially…

FTX Paid SBF and Others $3.2 Billion 

FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.  According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam Bankman-Fried and other major employees according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed on March 15. FTX Transfers Over $3B to SBF and Other Key Employees Following SBF, who is the largest beneficiary,…

1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX

boss

Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The blockchain executive accepted the offer, the second in the series after the day prior, when cryptocurrency trader Algod offered a $1 million bet that LUNC would be lower than $88 per token on Mar. 13, 2023, to which Kwon also…

Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company

“For efficient travel and use of time, Stone Tower Air is a charter flight company used in the past by Core Scientific for primarily transporting employees, clients, and potential clients between our data center sites in remote locations,” which are often far from major airports, Chief Mining Officer Russell Cann said in an emailed statement on Friday. He noted that the move not only saves the company money, but also helps employees spend more time with their families. Source

Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’

The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.” On Feb. 15, attorneys for Eisenberg filed a motion in a New York District Court objecting to a lawsuit from Mango that asks for $47 million in damages plus interest starting from the time of Eisenberg’s October attack, whidrained around $117 million from the protocol. The lawyers argued that Eisenberg shouldn’t need to pay back any more funds to the DeFi platform…

Alameda Seeks to Recover $446M in Crypto Paid to Voyager After Lender’s Bankruptcy

Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token issued by FTX) and SRM (the token for the Serum protocol) as collateral for loans made to Alameda in the form of various cryptocurrencies including bitcoin, dogecoin, ether, USDC, litecoin and others. Source