Daily Tech News 6 August 2022

Top Story

  • Right to jail, right away: How a crypto developer faked an ecosystem. (CoinDesk)

    Using eleven different names, one programmer built a multi-layered financial platform on top of the Solana blockchain. At its peak the Saber stablecoin exchange and the services built on top of it had a "total value locked" - TVL - around $7.5 billion, but that involved a lot of double counting.

    And no-one knows how much because one of those services - Cashio - got hacked and the whole thing imploded.
    Seven Saber ecosystem users told CoinDesk they felt abandoned by the Macalinao brothers. Some lost money in CASH tokens (the erstwhile stablecoin went to zero). Others say their crypto is stuck in derivative tokens issued by Sunny. One pseudonymous user, Brad_Garlic_Bread, said he lost around $300,000 across Sunny and Saber - "there's a lot of people worse off than me."

    The community assumes Ian is running the show "but no one knows for sure," Brad_Garlic_Bread said.

    He's still trying to get Ian's attention. On July 16, Brad asked if Ian "can pretend to be Surya [one of the fake identities] for like a day" to help Sunny Aggregator's investors recover locked tokens. Ian was answering questions in the Saber Discord; he skipped Brad's.

    Other SUNNY token-holders asked Ian for clues about the yield aggregator's future. Saber is moving to Aptos - will Sunny do the same? They asked what became of Sunny's lead developer.

    There is a time to ask questions, and there is a time to file lawsuits and press criminal charges. If these idiots can't work out what time it is, I have little sympathy for them.

    More generally, though: If someone offers you an investment opportunity in a "stablecoin", it's a scam. If they promise 17% returns per month, as some of these ventures have done, then it's your own fault if you fall for it.


Tech News



Disclaimer: I expect to arrive in orbit in December too.

Posted by: Pixy Misa at 05:51 AM




Comments

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1 Good evening Pixy

Posted by: Skip at August 06, 2022 05:02 AM (k8B25)

2 As said tablet wife uses, my old one has refused to charge. See it's possible to replace battery.

Posted by: Skip at August 06, 2022 05:05 AM (k8B25)

3 hiya

Posted by: JT at August 06, 2022 05:10 AM (T4tVD)

4 Good morning morons

Local TV news reporting on a confrontation between security at City Hall and p.o.s Sup. Shamann Walton, who repeatedly called the Sheriff's Cadet the n-word.

Walton is one of the party apparatchiks who use the school board as a stepping-stone to advance his career and power. Want to know why our schools are a disaster? Ask Walton, he knows why.

Posted by: San Franpsycho at August 06, 2022 05:11 AM (EZebt)

5
g'mornin', 'rons

Posted by: AltonJackson at August 06, 2022 05:12 AM (ENBF0)

6 Florida Prosecutor Suspended by DeSantis Says He'll Continue Self-Identifying as a Prosecutor

“I’m still doing this job, the state attorney … and the governor signing something with a pen or crayon doesn’t change that,” Andrew Warren told reporters during a press conference.

Morning, hordelings. Evening, Pixy.

Posted by: Taqiyyologist, Rickrolled by Jesus at August 06, 2022 05:17 AM (M9XmQ)

7 Link at Bongino Report, goes to Epoch Times.

Posted by: Taqiyyologist, Rickrolled by Jesus at August 06, 2022 05:18 AM (M9XmQ)

8
♪ Let’s pee in the corner, let’s pee in the spotlight.♪

Posted by: Divide by Zero at August 06, 2022 05:19 AM (jE276)

9 Overnight airstrikes kill 10 in Gaza

Posted by: San Franpsycho at August 06, 2022 05:28 AM (EZebt)

10
♪ Hold me closer, Tony Danza ♪

Elton John

Posted by: Divide by Zero at August 06, 2022 05:28 AM (jE276)

11 Stories that make you go, huh? Three people killed by a lightning strike outside the White House.

Posted by: San Franpsycho at August 06, 2022 05:30 AM (EZebt)

12 Overnight airstrikes kill 10 in Gaza
Posted by: San Franpsycho

Sounds . . . . sporty.

Posted by: Infidel at August 06, 2022 05:30 AM (mn1Pi)

13 Morning, Tech Peeps

Posted by: fluffy at August 06, 2022 05:30 AM (UnQlg)

14 I think Pixy is telling us caveat emptor.

Posted by: fluffy at August 06, 2022 05:32 AM (UnQlg)

15
♪ Excuse me while I kiss this guy ♪

Jimi Hendrix

Posted by: Divide by Zero at August 06, 2022 05:32 AM (jE276)

16 That's Woke Zombie Jimi Hendrix

Posted by: Skip at August 06, 2022 05:42 AM (k8B25)

17
Joe Biden then: "I'm going to shut down the virus."

The virus: "I'm going to shut down that old fool."

Posted by: Divide by Zero at August 06, 2022 05:44 AM (jE276)

18 Morning, 'rons and 'ettes.

Posted by: olddog in mo, No Cheetos allowed on the 'toon at August 06, 2022 05:46 AM (nb5Ym)

19
♪ Sweet dreams are made of cheese ♪

The Eurythmics

Posted by: Divide by Zero at August 06, 2022 05:48 AM (jE276)

20 Now do Steve Miller Band

Posted by: San Franpsycho at August 06, 2022 05:49 AM (EZebt)

21
&9834 We’re caught in a trout ♪

Elvis Presley

Posted by: Divide by Zero at August 06, 2022 05:52 AM (jE276)

22 A good Saturday morning, folken! I slept until just before the alarm, which is amazing. Why an alarm on a Sat., you ask? Because I have must arise to feed Stirling the Evil Black Kitten of War and Pestilence after our bound-into-human's-lap-and-purr time. And Miss Linda and I are trekking out for breakfast and to explore the Aldi store nearby. Thus, coffee!

Posted by: Wolfus Aurelius at August 06, 2022 05:53 AM (c6xtn)

23
The pompatus of love gave me a STD.

Posted by: Divide by Zero at August 06, 2022 05:57 AM (jE276)

24 Hot mug, warmed almond coconut milk, piping hit coffee.

Posted by: San Franpsycho at August 06, 2022 05:57 AM (EZebt)

25 Whenever time I set the alarm, most times wake up minutes before

Posted by: Skip at August 06, 2022 05:58 AM (k8B25)

26 The pompatus of love gave me a STD.
Posted by: Divide by Zero at August 06, 2022 05:57 AM (jE276

*sad trombone*

Posted by: San Franpsycho at August 06, 2022 06:00 AM (EZebt)

27 KRAK OF DAWN HAS ARRIVED

Posted by: Skip advising you of your Nood threads at August 06, 2022 06:01 AM (k8B25)

28 That was quick. Maybe one of the shortest threads ever.

Posted by: Wolfus Aurelius at August 06, 2022 06:02 AM (c6xtn)

29 "And that's when we fuck 'em with NFTs!"
-Vic Chaos aka Butters

Posted by: David Prince at August 06, 2022 07:30 AM (WUxVt)

30 It must be Spanish chorizo. Mexican chorizo is raw.

Posted by: Chatterbox Mouse at August 06, 2022 07:36 AM (C1rbv)

31 I absolutely have no sympathy for people that want to deal in crypto currency and lose all their real money. boo hoo on u

Posted by: sidney at August 06, 2022 08:12 AM (itAo5)

32 >>>I expect to arrive in orbit in December too.

?

Posted by: m at August 06, 2022 08:26 AM (euHgA)

33 Speaking of Cows in the Kitchen?

https://tinyurl.com/8vhz48jc

Be very glad this did not happen to your new house. I hope you are settling in and enjoying the life as Landed Gentry.

Posted by: rd at August 06, 2022 11:41 AM (Z32m1)

34 Respectfully, I don't think a digital recording TAKEN from an Analog recording can be better than the analog.

Is that what happened?

Posted by: LiveFreeOrDie at August 06, 2022 12:04 PM (Z4oqp)

35 I get paid over $85 per hour working from home with 2 kids at home. I never thought I'd be able to do it but my best friend earns over 10k a month doing this and she convinced me to try. The potential with this is endless.
Here's what I've been doing... http://www.salarycash1.com

Posted by: Sarah at August 06, 2022 02:28 PM (S+WjR)

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