Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 722. (Read 26585999 times)
May 16, 2024, 10:01:15 PM
May 16, 2024, 09:05:35 PM
May 15 (UPI) — The Justice Department on Wednesday revealed it indicted two brothers in their twenties for a series of alleged crimes for manipulating the cryptocurrency market to steal $25 million in crypto in a 12-second period, according to reports.
Anton Peraire-Bueno, 24, of Boston, Mass., and his brother James Peraire-Bueno, 28, of New York were arrested Monday in their respective cities and are being charged for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering,
"This alleged scheme was novel and has never before been charged," Damian Williams, U.S. Attorney for New York's Southern District, said in a news release.
The Peraire-Bueno brothers Wednesday afternoon will be presented before U.S. Magistrate Judge Paul Levenson for the Massachusetts District, and U.S. Magistrate Judge Valerie Figueredo for New York's Southern District of New York.
If convicted, the brothers individually face a maximum penalty of 20 years in prison for each criminal count.
"As alleged in today's indictment, the Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds," Deputy Attorney General Lisa Monaco said in a news release.
So once again a hit piece against block chain integrity
see bold part.
it is from what I can gather an exchange - trader scam and has zero to do with block chain integrity.
Anton Peraire-Bueno, 24, of Boston, Mass., and his brother James Peraire-Bueno, 28, of New York were arrested Monday in their respective cities and are being charged for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering,
"This alleged scheme was novel and has never before been charged," Damian Williams, U.S. Attorney for New York's Southern District, said in a news release.
The Peraire-Bueno brothers Wednesday afternoon will be presented before U.S. Magistrate Judge Paul Levenson for the Massachusetts District, and U.S. Magistrate Judge Valerie Figueredo for New York's Southern District of New York.
If convicted, the brothers individually face a maximum penalty of 20 years in prison for each criminal count.
"As alleged in today's indictment, the Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds," Deputy Attorney General Lisa Monaco said in a news release.
Quote
https://www.yahoo.com/finance/news/doj-25-million-crypto-allegedly-190541829.html
The Justice Department alleges the Peraire-Bueno brothers had "meticulously" planned their "exploit" over the course of several months. The indictment says their alleged crimes began as early as December 2022 and continued as far as this month with a series of executed financial transactions.
Monaco indicated that Internal Revenue Service agents were instrumental in unraveling the "first-of-its kind wire fraud and money laundering scheme" allegedly committed by the brothers.
Williams says their alleged crimes "calls the very integrity of the blockchain into question."
According to the Justice Department, the brothers had studied computer science and math "at one of the most prestigious universities in the world." The internet links one of them to Massachusetts Institute of Technology.
The federal government alleges that the two "used their specialized skills and education to tamper with and manipulate the protocols relied upon by millions of Ethereum users across the globe. And once they put their plan into action, their heist only took 12 seconds to complete."
Among other things, DOJ says they took the time to learn the trading behaviors of the victim traders whose cryptocurrency they allegedly stole, and "took numerous steps" to conceal their identities and "lay the groundwork to conceal the stolen proceeds," which the government contends included setting up shell companies and using multiple private cryptocurrency addresses and foreign cryptocurrency exchanges.
The indictment asked for a series of JP Morgan Chase and Choice Bank accounts under their names to be seized along with other personal property. The federal government claims the two had executed a series of financial translations designed to conceal not only their identities, but the real ownership of the funds stolen.
But investigators had found that both brothers had a digital search history consistent with the alleged crimes committed by them, including lawyers and American extradition policies.
The Justice Department alleges the Peraire-Bueno brothers had "meticulously" planned their "exploit" over the course of several months. The indictment says their alleged crimes began as early as December 2022 and continued as far as this month with a series of executed financial transactions.
Monaco indicated that Internal Revenue Service agents were instrumental in unraveling the "first-of-its kind wire fraud and money laundering scheme" allegedly committed by the brothers.
Williams says their alleged crimes "calls the very integrity of the blockchain into question."
According to the Justice Department, the brothers had studied computer science and math "at one of the most prestigious universities in the world." The internet links one of them to Massachusetts Institute of Technology.
The federal government alleges that the two "used their specialized skills and education to tamper with and manipulate the protocols relied upon by millions of Ethereum users across the globe. And once they put their plan into action, their heist only took 12 seconds to complete."
Among other things, DOJ says they took the time to learn the trading behaviors of the victim traders whose cryptocurrency they allegedly stole, and "took numerous steps" to conceal their identities and "lay the groundwork to conceal the stolen proceeds," which the government contends included setting up shell companies and using multiple private cryptocurrency addresses and foreign cryptocurrency exchanges.
The indictment asked for a series of JP Morgan Chase and Choice Bank accounts under their names to be seized along with other personal property. The federal government claims the two had executed a series of financial translations designed to conceal not only their identities, but the real ownership of the funds stolen.
But investigators had found that both brothers had a digital search history consistent with the alleged crimes committed by them, including lawyers and American extradition policies.
So once again a hit piece against block chain integrity
see bold part.
it is from what I can gather an exchange - trader scam and has zero to do with block chain integrity.
May 16, 2024, 09:01:13 PM
May 16, 2024, 08:01:13 PM
May 16, 2024, 07:01:15 PM
May 16, 2024, 06:01:13 PM
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May 16, 2024, 04:01:15 PM
May 16, 2024, 03:01:13 PM
May 16, 2024, 02:54:02 PM
May 16, 2024, 02:50:28 PM
Dow Topped 40k today.
pretty good number.
pretty good number.
first time ever
Dollar is getting debased.
If you measure something with a shorter and shorter meter, it does not increase. If you see DOW/USD going up, it might not be the numerator increasing, but the denominator decreasing.
Indeed. The only thing that debasing the dollar really does to benefit anyone is make debt smaller in real terms. I'm personally against debt and have none whatsoever of my own, but this economy has definitely been a promoter of low interest debt. Doing it over again and being certain of what I know now, I'm not sure if I could resist the opportunity to finance my house at 3% and then stick it into equities and even money market accounts getting 5%+. It was so obvious at the time, but I avoid debt like the plague. Not sure I'll ever forgive myself for not betting the farm on oil when futures went negative though...
May 16, 2024, 02:13:26 PM
I don’t want to be a bulltard
there's nothing wrong with that
It's better than being a beartard.
May 16, 2024, 02:01:13 PM
May 16, 2024, 01:25:07 PM
It's going to be Ramen au gratin tonight, boys!
drumsticks 🍗 and riced cauliflower with fresh apples 🍎 for desert.
it's getting to the moon 🌝
That looks like a sweet, juicy plum.
Yeah, i enjoyed it too. You rarely see Allskycam photos of such events. It's a smart little fisheye lens on top of a raspberry pi camera and captures the sky all night long. I plan to set one on top of my roof, but the project has a larger realisation timeframe.
May 16, 2024, 01:01:15 PM
May 16, 2024, 12:30:39 PM
resume other direction
thx
thx
May 16, 2024, 12:30:21 PM
Dow Topped 40k today.
pretty good number.
pretty good number.
first time ever
Dollar is getting debased.
If you measure something with a shorter and shorter meter, it does not increase. If you see DOW/USD going up, it might not be the numerator increasing, but the denominator decreasing.
May 16, 2024, 12:02:54 PM
Dow Topped 40k today.
pretty good number.
pretty good number.
first time ever
May 16, 2024, 12:01:15 PM
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