CZ

CZ: Jailbound or free as a bird? Is Blast about to implode in midair? And the Genesis vs. Gemini saga continues.

By Dahveed | Noncense | 26 Nov 2023


CZ is looking at 12-18 months of US jail though prosecutors want more. Still, since CZ is not a US citizen/resident and is worth $15B, jail isn't happening for him. In fact, Monopoly just introduced the CZ Pass card: Do not go to jail but do collect $200 million for beating the US government at Go. 

BLAST has been criticized for launching a bridge before the L2, locking funds for 3 months, and being run by a 3/5 multisig. So if the 3 are compromised, the only thing left to the bagholders is the BS.

KyberSwap hacker drained $46 million using the "infinite money" glitch, also known as The US Federal Reserve. Brrrrr. 

Genesis sued Gemini for withdrawing over $689 million within 90 days of Genesis filing for bankruptcy, making this the costliest last-minute pulling out fail since the conception of Putin. 

CoinDesk was bought by an obscure crypto exchange, Bullish. Considering that CoinDesk reporting sank its previous owners, the move sounds pretty bullish for Bullish' competitors. 

 

That's all the noncense for now. Back with more next time.

 

 

 

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Dahveed
Dahveed

Crypto copywriter and investor. Publisher of Noncense - crypto news with a punchline. Far too obsessed with NFTs, especially city-builder game types.


Noncense
Noncense

Crypto news with a punchline.

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