Colorado Pastor's $3.2M Crypto Scam

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gm Scrollers,

Here’s your midweek scroll! Headlines include updates for Mt. Gox creditors, Grayscale transfers to Coinbase, and a pastor following “The Lord’s word” to create a million dollar crypto scheme 🛐

• Mt. Gox, a former Bitcoin exchange, is preparing to distribute 200k BTC for creditor repayment (@BitcoinNewsCom)

• Grayscale continues to transfer and dump BTC via Coinbase; 15,816 BTC (~$680M) (@Ashcryptoreal)

• Grayscale adds to the $680M of BTC transferred to Coinbase, with another $760M sent today (@BTC_Archive)

• FTX was responsible for dumping about 50% of Grayscale’s $2B of Bitcoin, selling 22 million shares (RT)

• FTX affiliate, Alameda Research, drops lawsuit against Grayscale (CD)

• Strike CEO calls out JPMorgan CEO Jamie Dimon about his relations to Jeffery Epstein and negative sentiment towards Bitcoin (@BitcoinMagazine)

• Terraform Labs files for bankruptcy (P)

• Bitcoin takes massive dip on January 23, reaching a bottom of $38,660

• 1RoundTable, a digital asset VC, aims for $800M growth stage fund for NFTs, gaming, infrastructure, financial services (NFTG)

• Paper Ventures launches inaugural $25M web3 & blockchain venture Fund I (NBTC)

• Core Chain announces $5M Africa Innovation Fund following recent $200M ecosystem fund close (NFTG)

• Polymer Labs secures $23M to bring IBC to ETH (M)

• Renzo Protocol, a restaking hub, announces closure of $3.2M seed round led by Maven11 (@RenzoProtocol)

• A crypto fund claims they tripled investors investment (DLN)

• Arbitrum proposed a $85M grant program (BW)

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• BRICS members Russia and India partner to develop a digital economy (WG)

• Independent bankruptcy examiner to investigate FTX collapse (P)

• The effect Indonesias election could have on crypto could be big (CD)

• Colorado Pastor accused of $1.3M crypto scheme, “led by The Lord” (BBC)

• Socket recovers 1,032 ETH from $3.3M Bungee exploit (BLOCK)

• Blockchain’s new use has to do with none other than AI security (CNBC)

• A sophisticated crypto scam stole $32M since April (MR)

• Crypto crime was down 29% last year (D)

• North Korea crypto hacks skyrocket in 2023, with total cases increased, but amount of crypto stolen down (CNBC)

@fomocapital

This is wild #fyp

• 96 Azuki NFTs were swept for $1.51M, leaving the floor at 7.6 ETH (@thedropnft)

• Nethermind pushes hot fix as client caused invalid blocks on Ethereum (CT)

• Developers are wanting to bring EVM to BTC (TD)

• ETH Devs expect 10X lower rollup cost after Dencun upgrade (CT)

• Scaling on Ethereum becomes easier with based boosted rollups, launching dApps across multiple L1 chains at once (@therollupco)

• ETH foundation sells $1.6M of ETH (TD)

• OKX token halves amid liquidation crisis (CD)

• Avalanche Foundation reveals guidelines and plans for $100M memecoin purchases (CD)

• Magic Eden has plans to incentivize NFT traders heavily (DT)

• Bitcoin ETF Fund score card created to view the inflows and outflows by ETF offering (@invest_answers)

• Bitcoin users in El Salvador halved to 12% last year (TD)

• Global crypto ownership grew 34% in 2023 (MR)

• BlackRock’s head of iShares ETF department says every aspect of Spot Bitcoin ETF launch has been successful

• Cornell University approves of a new Bitcoin-focused degree, along with the Bitcoin Club on campus (BM)

• Web3 & Blockchain developers are pushing for decentralized AI (CD)

• Research finds that blockchain is an “unnecessary technology” in most use cases (TX)

• The importance of non-crypto blockchain applications for blockchain adoption (BCJ)

• How to successfully get a real job in crypto (@punk6529)

• The difference between Proof of Work and Proof of Stake (M)

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