re: Official CryptoTalk Thread

Brandon is gonna get assblasted by Russia is he wants to regulate crypto right now.

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Looks like some of the crypto selloff today could be related to rumblings that President* Biden's administration is going to start doing executive orders trying to regulate crypto (see Barron's link below that's behind a partial paywall).

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Could be this also. Its either the second or third time this congressman has been asked to insert this language into bills.

America Competes Act

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Holy mother of god. Sifu of Wonderland is Michael Patryn, cofounder of QuadrigaCX.
I don't even know where to start. This is fricking insane.

If you are unfamiliar with Quadrigacx, that is the Canadian exchange that collapsed in 2019 after the founder Gerald Cotten disappeared (supposedly died with his body cremated before anyone had a chance to verify his death) with $169m gone. It was the biggest exchange in Canada at the time.

People back then was coming after Michael Patryn because of his past as a scammer. He literally is a convicted felon from the US who moved to Canada and changed his name. His name before was Omar Dahani.

Basically, Canadians back then figured out pretty much "Sifu" (Omer/Patryn) had more ownership of the hacked exchange than the "dead" founder.

They basically ran a Ponzi with the exchange after most people lost their funds and couldn't withdraw, that the founder strangely disappeared and supposedly died, taking all the blame with his death.

Strangely enough, Omar and his wife ended up with the majority of the assets while most of their users lost all their money.

I don't even know where to start. This is just insane that this guy been running the treasury. Omar/Sifu/Patryn has a long and extensive history with ponzis, fraud and scams and even had plastic surgery to change his face. He also had a history with money laundernig. I can't believe this. Reality is stranger than fiction.

Dani is a fricking retard.

Source: https://twitter.com/zachxbt/status/1486591682728673282

Edit:It gets even worse.

Most of you guys don't even realize how deep this whole thing is.

Omar(Sifu) and Cotten ran a ponzi knowing the exchange was illiquid and didn't stop until the majority of investors couldn't withdraw.

Then Cotten mysteriously died in India and his body was cremated so no one could verify anything. They all put the blame on Cotten even though Omar owned more of the exchange and was basically the leader. THey said Cotten controlled all the private keys and majority of funds was kept by him in his private wallet (not even multisig). Cotten was the fall guy that died and disappeared in India because of IBS (weirdest shite ever).

Omar/Sifu has an extensive criminal record, had plastic surgery, changed his names so many times and was caught on multiple ponzi schemes.

Most of the Quadrigacx users that lost their life savings pretty much came to the same conclusion that Omar is the main puppeteer behind the whole thing.

I knew Wonderland had shite tokenomics but I didn't realize they had this guy on board as well. Dani knew so now I'm starting to wonder who the frick this Dani guy is?

Where did his money come from? Did Sifu gave him the money as the front man? Because Sifu basically got all his assets scamming users that lost their money from Quadrigacx "hack".

While most Quadrigacx users lost their life savings, Omar came off with millions of assets in houses the law enforcement couldn't take because it was classified as "profit" from the exchange. Did anyone really do a background check on how Dani got his money?

Edit: even more

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LINK

sorry dude.

yea I haven't sold my time/wmemo so I guess we will see. one thing I've learned from past bear markets is to hodl and wait while everyone is scared

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Damn, luna getting rekt

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UST fud with the overall market conditions doing a number on it.

not sure if you guys saw, Trezor was going to implement AOPP (Address Ownership Proof Protocol) so that you could display proof of ownership over a wallet when you send crypto from an exchange.

This is naturally not super popular among people who self-custody as privacy is one big draw for owning a hardware wallet. Trezor is no longer going to be using AOPP in response to the community.

I personally use Ledger, but I think I'm gonna go ahead and start using my laptop to run Bitcoin Core and host a node just in case I ever get uneasy about all the other custody options.

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UST fud with the overall market conditions doing a number on it

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Yep, and I’ve bought more at $10 intervals from the drop. $80, $70, 60, but not pulling the trigger again at $50

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Just be careful. I think your funds can be seized if you get caught.

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That is my fear..

Keep buys on the smaller end and transfer somewhere secure at regular intervals to mitigate that risk