431–440 of 446 posts
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often the feds will surveil someone for a long time and just wait until they try to leave the country . it makes it much easier than trying to do the arrest elsewhere. it's all electronic . You buy a ticket, show your ID/passposrt, and your info will go out.
Couldn’t he have sent a canary to the boarding gate?
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The problem is that separation of powers make most frauds a state matter. If you were ripped off in NY, a local county district attorney would prosecute you. The problem with that is state laws and capabilities are inconsistent. Even in New York, where there is a well established body of law for things like financial frauds, the local prosecutors make lack capability or venue. If you live in Lake Placid, NY and are s…
Oh, this makes sense: since mail and phone spans the whole nation instead of states, it becomes a federal matter?
The Senate is by design very conservative (or regressive depending on POV). Stuff gets done by squinting at the law and finding new ways to get shut done.
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The tokens being traded on DEXes can be stablecoins. In a world where most usage of fiat is in the form of using stablecoins, or one where most financial institutions provide conversion of off-chain fiat to/from stablecoin fiat, most trading can happen on DEXes.
That's right, in a hypothetical world where this limitation might not matter, it might not matter.
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If SEC considers any of them securities, it's very strange for them to go after a single guy at Coinbase and not the entire company, since they've just declared them an illegal securities exchange. (As opposed to an illegal commodities exchange for bitcoin.)
I think maybe it's only strange if you assume the SEC has unlimited money and time. Grandparent comment says it better, but they're likely focusing on cases they think are pretty clear-cut.
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I met a guy living in Brazil once while I was staying at a hotel for work, he said he moved there specifically because he had enough of the governments reach into his personal matters. Two days later, his (Brazilian) bank started to withhold his (non-Brazilian) salary payments for money laundering suspicions because he forgot to file one random document, he was frantically trying to find a way to open a bank account…
I'm pretty sure the 30% of the Brazilians who don't have bank account, don't have these issues. Your friend picked to live in Brazil, but also didn't want to sacrifice his western conveniences (ie: A bank account, card, being connected to the "system"). He got the worst of both worlds.
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The DoJ isn't prosecuting them for `Insider Trading`. It's prosecuting them for Wire Fraud against Coinbase. Wire Fraud doesn't require there be a security involved at all.
Thank you, can you elaborate a bit? Insider trading involves trading of a company's securities, correct? Because crypto isn't a security in the SEC's eyes, this doesn't apply? How are they getting them on wire fraud charges? The texts back and forth describing the scheme?
I think the key to understanding how this is fraud is the fact that they acted on privileged Material Information to the disadvantage of their employer, not the exact nature of how they profited off it. Essentially, they stole company secrets.
I thought Hoeg's video on it was good:
Wow, the indictment references [this tweet][1] that caused Coinbase to investigate the matter and ultimately led the defendant in being caught at the airport before trying to leave the country. > On May 11, 2022, Coinbase’s director of security operations emailed ISHAN WAHI to inform him that he should appear for an in-person meeting relating to Coinbase’s asset listing process at Coinbase’s Seattle, Washington offic…
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The top decentralized exchange, Uniswap, has overtaken the top centralized exhanges in liquidity depth for several major trading pairs: https://uniswap.org/blog/uniswap-v3-dominance So there is a world where centralized exchanges have far less relevance than they do today.
Is it me or "decentralised" almost always means "crippled"? The critical function that exchanges have is to allow people to buy and sell tokens. Decentralised exchanges can't do that. They only allow trading a token for another token.
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There was no way they were going to let him leave the country, no matter when he booked the flight. booking the flight made it easier to arrest him. the meeting was set-up by the feds to arrest him there instead, but he thought that leaving the country would work, which it obv. didn't.
I mean I don’t intend on ever being a fugitive lol, but do they even check ID digitally when crossing the southern border on foot?