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Well, I guess at least his claim that America is a third world country will come true… 
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Hmmmmm. I put 50 bucks into dogecoin like 2-3 years ago, mind you this was before Musk was telling people to invest in it. I did so mostly on a whim because i felt like i could lose $50, or at the very least break even. There was a point years ago where i could’ve cashed out at like 200-ish dollars but decided not to, now it is at maybe 300-ish. I’m kind of inclined to sit on it longer out of morbid curiosity, i don’t know.
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Just thought that the snark in the headline helps put the industry in perspective.
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yeah, that’ll work out just great!
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[…]
One interesting tidbit related to the US’s seizure was that during the government’s process of converting some of the seized cryptocurrency into dollars, an unnamed cybercriminal was apparently watching this going on and attempted to hijack the funds involved.
On October 24, regarding $20.7 million worth of “a relatively obscure virtual currency token” accepted by the US Marshals Service, an attacker “was able to access the funds and/or manipulate the transaction and thereby steal the tokens.”
The attacker was unable to liquidate around $19.5 million worth of these after the US froze the other $1.2 million and, as a result, anonymously returned them to the US, minus around $200,000 worth of blockchain fees, which are now lost for good.
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[…]
Over three years of operation, Harmon laundered 354,468 bitcoins (around $311 million at the time, around $32 billion these days) and charged a possible 2.5 percent fee for transactions.
“No one has ever been arrested just through Bitcoin taint, but it is possible and do you want to be the first?” he wrote on Helix’s website to encourage people to use his underworld service […]
[…]
He set up the Bitcoin-promoting site Coin Ninja, but in February 2020 he was arrested and charged with money laundering, operating an unlicensed money transmitting business, and conducting money transmission without a license, all in connection with the operation of Helix.
[…]
However, his younger brother Gary managed to access a seized cryptocurrency storage device using his brother’s credentials and stole more than 712 Bitcoin. He then rather foolishly went on a spending spree, being photographed in a bath full of money and buying a luxury condo in Cleveland. In 2023 he was sentenced to four years and three months in prison for the theft.
[…]
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Well the universe gave me a reason to cash out. My cat has had an upset stomach, but still seemingly ok. I took him to the vet today and i want to run some tests on him just to ensure he didn’t eat something that his system isn’t passing or getting rid of. It’s gunna cost me like 500-ish, i can afford it but that’s still a lot of money. Cashed out my Doge coin and the small amount of Bitcoin i happen to have, it’ll bring my out of pocket down to maybe 100-150 bucks. Money well spent if i can ensure that my kitty is healthy.
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