- cypherpunks - lists.cpunks.org

Cryptocurrency: Privacy Coin Ban EU Says In Leaked Docs
by grarpamp 19 Nov '22

19 Nov '22

Don't let their FUD and silly "bans" and "laws" tell you what you can and cannot do with your money and the fruits of your labor, who you can and cannot barter trade and do business with, what local p2p things you can do with other people, what communities you can build. It's all brainwashing, privacy is your right not theirs, so tell them to FUCK OFF. Spread and use privacy freedom. https://www.coindesk.com/policy/2022/11/15/privacy-enhancing-crypto-coins-c… https://moneroj.net/metcalfeusd/ https://academic.oup.com/cybersecurity/article/7/1/tyab004/6166133 "A set of tools to combat privacy-coins may include means of a different technological, regulatory, economic (fiscal) nature, also including state attacks on underlying privacy-blockchains. The letter tool, as possible regulatory access points of the blockchain space, was already mentioned by Finck [16], however, without further analysis in that domain. The AML/CFT measures should concentrate on the cryptocurrency of indicated networks, instead of targeting the people who are members of their communities. The tools can and should aim towards reducing the particular currencies’ value, consequently inducing a voluntary outflow of their users." Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans Crypto providers would be forbidden from touching the likes of monero or dash under proposed government amendments to anti-money laundering rules. The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk. The plans from Czech officials, who are chairing talks among EU governments on the proposed law, would represent the latest nail in the coffin for anonymous means of payment following tough new rules agreed over the summer. “Credit institutions, financial institutions and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins,” said a legislative draft seen by CoinDesk, dated Nov. 9, which has been circulated to the bloc's other 26 member states for comment. An EU diplomat told CoinDesk that the measure was intended to avoid the risk stemming from crypto assets that are specifically designed to avoid traceability. The ban on privacy coins, which prevent snooping into blockchain activity, is intended to mirror one on anonymous instruments such as bearer shares and anonymous accounts that was included in the original bill proposal. The Czech proposal responds to a demand from countries negotiating the text, said the diplomat, who spoke on the condition of anonymity on negotiations taking place behind closed doors. The Anti-Money Laundering Regulation was proposed in July 2021 by the European Commission as part of a package that would also forbid large cash transactions and create a new anti-money laundering agency, AMLA, to vet practices at large financial institutions. Under the Czech plans, crypto asset providers would be obliged to verify customers' identity even for occasional transactions of under 1,000 euros ($1,040), and to probe the nature and purpose of the business for larger payments. That would make rules more onerous than for other kinds of firms such as banks, where due diligence rules only kick in for larger payments, apparently due to fears that crypto payments can easily be broken up into smaller chunks. Crypto service providers doing business outside the EU would need to verify whether their counterparty is licensed, and verify what money laundering controls they have, the document also proposed, with details of the vetting to be set out by AMLA. In their parallel amendments to the bill, lawmakers at the European Parliament have zeroed in on the processing of dirty money via the metaverse, decentralized finance and non-fungible tokens (NFTs). The bill must be agreed by both the Council and the European Parliament to pass into law. If it does, it would represent the latest in a regulatory onslaught against online anonymity – which has legitimate purposes, but which regulators also worry can be used to process criminal funds, bust sanctions, or raise money for terrorists and other pariahs. In August, the U.S. Treasury imposed sanctions on Ethereum-based privacy tool Tornado Cash, which it said was used to raise money for North Korea's weapons program — the first time sanction powers were invoked against a decentralized protocol. The EU’s own Markets in Crypto Assets Regulation (MiCA), agreed but not yet in force, prevents exchanges from allowing the trading of anonymous crypto assets unless they’ve identified the holders. A parallel set of rules on the transfer of funds imposes extra checks on anyone handling the likes of monero or dash.

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Cryptocurrency: Enclave Market ... Is a CEX Not A True DEX
by grarpamp 19 Nov '22

19 Nov '22

On 11/16/22, professor rat <pro2rat(a)yahoo.com.au> wrote: > https://www.enclave.market/ Requires KYC, only erc20 not cross-L1, thus garbage. If you can't trade/swap between all L1 coins (and thus all their platform children) that can make a crypto signature, if you have to "deposit coins" to a NYKNYC instead of being atomic, then you're just using a CEX or scam or not a true DEX. Any opensource market running on I2P/Tor would be better than that IP address too. Also, use relevant subject lines, asshole.

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🚨 Stablecoin stop sign
by Gunnar Larson 18 Nov '22

18 Nov '22

---------- Forwarded message --------- From: Axios Crypto <crypto(a)axios.com> Date: Fri, Nov 18, 2022, 12:22 PM Subject: 🚨 Stablecoin stop sign To: <g(a)xny.io> Plus: A new wallet for FTX | Friday, November 18, 2022 [image: Axios] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tP3V…> <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5heGlvcy5jb20_dXR…> Open in app <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9heGlvcy5wYWdlLmxpbms…> View in browser <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tL25…> Axios Crypto By Crystal Kim and Brady Dale ·Nov 18, 2022 *Crypto exchanges* are mysteriously suspending support for select Solana-based stablecoins. Plus, Multicoin. - Documents, balance sheets, emails or otherwise that show FTX contagion —if you've got 'em, share 'em: crypto(a)axios.com. *Today's newsletter is 1,238 words, a 5-minute read.* 🛑 1 big thing: Solana-based stablecoins halted [image: Illustration of the eyes emoji with two coins with the letter s in them for pupils.] Illustration: Brendan Lynch/Axios *Binance and OKX yesterday* suspended deposits in Circle's (USDC) and Tether's (USDT) stablecoins based on the Solana blockchain, in a puzzling display of crypto exchange operations. - Beyond the notices of the suspension, the exchanges said little more to explain the reason for the abrupt move. - "Just extra mitigation of on-chain risk," Lennix Lai, director of financial markets at OKX, tells Axios. - Binance did not respond to emailed queries yesterday and today. *Why it matters:* The top two dollar-pegged stablecoins by market capitalization are listed on dozens of exchanges, but the sudden, unexplained actions taken by a few of those exchanges raise the question of how stable the Solana ecosystem is. *Driving the news:* The suspension of support for the two top Solana-based stablecoins was largely noticed with the announcement <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYmluYW5jZS5jb20…> from Binance, but the first to take action was Crypto.com, when the exchange halted <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuY29pbmRlc2suY29…> them last week in the mayhem of FTX's unwinding. - Crypto.com's chief said withdrawals, in general, have resumed <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmN…>, but there are no explanations specific to the Solana-based stablecoins. - Binance resumed deposits <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYmluYW5jZXpoLmp…> for USDT yesterday, "after internal assessment and review." No word yet on USDC. - OKX posted a message <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cub2t4LmNvbS9zdXB…> on its website yesterday saying it would delist those tokens at 3am UTC or 10pm ET. It updated the message to say that support for deposits and withdrawals would be halted. (It's effectively the same thing but with less harsh phrasing.) *What they're saying:* If there was an FTX-related angle for the move, it wasn't obvious: "Is there some angle to Alameda I don't understand causing the delistings?" Twitter user @cmsholdings <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9jbXN…> asked. - Circle CEO Jeremy Allaire responded: "Not clear what the motivations are for exchange actions, which are disappointing." - Circle spokesperson Rachel Busch tells Axios that the USDC natively issued on Solana was "functioning fine." *What others are saying:* Kraken supports Solana-based USDC, the exchange's Bill King tweeted <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9iaWx…> yesterday. *Context:* FTX contagion spread to the Solana ecosystem <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzI…> quickly, owing to the leadership role of FTX founder and former CEO Sam Bankman-Fried (SBF) in that community. - The Solana blockchain has not suffered any incidents <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9zdGF0dXMuc29sYW5hLmN…> this month. *The intrigue: *If Circle presented any risk, exchanges might have reason to check things out. - Some alarm bells were raised when the yield on Circle's Earn product showed zero on Wednesday; archived web pages <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93ZWIuYXJjaGl2ZS5vcmc…> showed a 0.25% yield on them the day earlier. - The change seemed to coincide with Genesis Global's crypto lending unit announcing that it would halt customer withdrawals and loan originations, which led to the Winklevoss twins' exchange Gemini suspending its yield-earning Earn product. - "Circle chose to change the yield from 0.25% yield to 0% before Genesis closed their credit lines," Busch, the spokesperson for Circle, says. "Circle Yield has historically been driven by demand to borrow in crypto capital markets." *What we're watching: *Circle is set to file third quarter <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuY2lyY2xlLmNvbS9…> earnings in a few days. [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+🛑+1+big+thing:+Solana-based+stablecoins+halted&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A🛑+1+big+thing:+Solana-based+stablecoins+halted%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D0%26utm_term%3Demshare#story0> 💇‍♂️ 2. Charted: Markets contra the contrarian Data: CoinGecko; Chart: Thomas Oide/Axios *Here's something *you won't hear many other crypto investors say: "I expect in 10 years' time, Bitcoin will be irrelevant," *Brady writes*. - Multicoin Capital co-founder Kyle Samani said exactly that last year in an interview with Cointelegraph <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cueW91dHViZS5jb20…>. It's not a new position <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9LeWx…> for him. *Background: *Multicoin has always positioned itself as a contrarian investor. Not only is it critical of Bitcoin, it's also been making bets against the original smart contract blockchain, Ethereum. - In 2018, it came out with a thesis in support of EOS <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9tdWx0aWNvaW4uY2FwaXR…>, a smart contract blockchain, which would ultimately complete the largest initial coin offering of them all. That didn't work out. - In recent years, it's been one of the biggest boosters of Solana, another smart contract blockchain launched by tech industry veterans. That blockchain has been hit especially hard <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzI…> by the FTX unwinding. *State of play: *The whole market is down, but bitcoin isn't down nearly as bad as some of Multicoin's biggest bets. - Not completely eschewing Ethereum, in September 2021, Multicoin led <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9tdWx0aWNvaW4uY2FwaXR…> a $17.4 million round in Eden Network, a transaction relay. - Helium <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzI…>, the grassroots data network, represented its single biggest position in its first fund <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9tdWx0aWNvaW4uY2FwaXR…>. Early this year, it announced it was looking for more projects <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9tdWx0aWNvaW4uY2FwaXR…> that worked like Helium. - *Not shown: *In January, it announced <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9tdWx0aWNvaW4uY2FwaXR…> co-leading a $46 million round in Metaplex, a protocol for NFTs, whose token did not come out till September, when it first sold for about $0.88. Now it trades around $0.06, according to CoinGecko <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuY29pbmdlY2tvLmN…> . *What they're saying: "*We don't comment on performance," Multicoin spokesperson John Robert Reed told Axios via email last night. - Reed told Axios that any rumor about the firm's health is "entirely false and has no merit." *What we're watching: *One Twitter user claiming to be an LP expressed concerns <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9EclN…> this morning. Axios is in the middle of reporting out such complaints. *Be smart:* No one said this would be easy. Polychain, a premiere crypto fund, was feted for hitting a billion-dollar valuation <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9mb3J0dW5lLmNvbS8yMDE…>, only to have questions swirl as its bets tanked <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cud3NqLmNvbS9hcnR…> amid Crypto Winter. - By 2020, the limited partners who stuck it out were crowing again about wild gains <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuY29pbmRlc2suY29…> . [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+💇‍♂️+2.+Charted:+Markets+contra+the+contrarian&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A💇‍♂️+2.+Charted:+Markets+contra+the+contrarian%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D1%26utm_term%3Demshare#story1> 🔐 3. Securities regulator secures FTX assets Photo illustration: Leon Neal/Getty Images *The Securities Commission of the Bahamas* announced today that it had moved FTX Digital Markets (FDM) assets to wallets in the control of the government agency, *Brady writes*. *What they're saying: *"The Commission has the authority to apply for a judicial order to protect the interests of clients or customers of a registrant of the Commission," the letter said <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuc2NiLmdvdi5icy9…> . *Details:* The value of the assets on FDM is not clear. *What we're watching: *A venue battle <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuY25iYy5jb20vMjA…> over the FTX bankruptcy is underway. A filing yesterday sought <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly9wYWNlci1kb2N1bWVudHM…> to bring proceedings under the Bankruptcy Court for the District of Delaware. - However, the Bahamas letter included this cryptic statement: "It is not the understanding of the Commission that FDM is a party to the U.S. Chapter 11 Bankruptcy proceedings." - Axios contacted the regulator about the statement. It replied only to note we would receive subsequent statements on the case, without acknowledging the question. *The other side: *"This appears to be part of a turf battle between Bahamian authorities and the U.S. bankruptcy proceedings," Matthew Gold and Dov Kleiner, bankruptcy partners at Kleinberg Kaplan, tell Axios in a statement. *Yes, but: "*On its face, there is nothing alarming about this move. If the SEC secured these digital assets — in the wake of an unprecedented collapse, apparent fraud, and looming legal fight — it might be considered prudent by many," Renato Mariotti, partner with Bryan Cave Leighton Paisner, tells Axios via a spokesperson. - He noted that authorities in the Bahamas appear willing to cooperate with other nations. [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+🔐++3.+Securities+regulator+secures+FTX+assets&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A🔐++3.+Securities+regulator+secures+FTX+assets%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D2%26utm_term%3Demshare#story2> 🚁 4. Catch up quick 🕳 *Digital Currency Group* company Genesis has been seeking $1 billion in emergency funding. (WSJ <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cud3NqLmNvbS9saXZ…> ) 👀 *More details* on investments that SBF made. (Semafor <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuc2VtYWZvci5jb20…> ) 📊 *DEX volumes* are up significantly as traders flee centralized exchanges. (Bloomberg <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmN…> ) 🩹 *Blockchain industry* licks its wounds in D.C. while lawmakers offer reassurance. (Axios <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tLzI…> ) [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+🚁+4.+Catch+up+quick&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A🚁+4.+Catch+up+quick%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D3%26utm_term%3Demshare#story3> Sponsored by [image: NO AD TODAY logo] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tLz9…> Top coins Data: CoinGecko; Table: Axios Visuals [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+Top+coins&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0ATop+coins%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D4%26utm_term%3Demshare#story4> 📰 5. Culture hash: #RIPTwitter [image: Elon Musk opines on FTX coverage on Twitter, the social media platform he recently bought.] Screenshot: @elonmusk (Twitter <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9lbG9…> ) *#Twittershutdown *and #GoodByeTwitter are trending on Twitter amid what looks like a standoff <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYnVzaW5lc3NpbnN…> between the social media giant's employees and its new CEO Elon Musk, *Crystal writes*. *What's happening*: A potential shutdown couldn't come at a worse time for Crypto Twitter. - Details of FTX's implosion unfolded right on the platform. *Zoom out*: Meanwhile, the man who kicked off the crypto chaos made his own meta comment <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9jel9…> on Twitter news. *💭 Our thought bubble*: It's nuts what folks won't say on the record to a reporter, but will freely tweet. *The intrigue*: Finra is looking into <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmlucmEub3JnL3J…> that. [image: Share on Facebook] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuZmFjZWJvb2suY29…> [image: Tweet this Story] <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly90d2l0dGVyLmNvbS9pbnR…> [image: Post to LinkedIn] <https://link.axios.com/click/29742089.11786/aHR0cDovL3d3dy5saW5rZWRpbi5jb20…> [image: Email this Story] <?subject=From+Axios:+📰+5.+Culture+hash:+#RIPTwitter&body=g%40xny.io%20has%20shared%20an%20Axios%20story%20with%20you%3A%0A%0A📰+5.+Culture+hash:+%23RIPTwitter%0Ahttps%3A%2F%2Fwww.axios.com%2Fnewsletters%2Faxios-crypto-dabf4851-0982-4a95-a2f8-6b023e9078a7.html%3Fchunk%3D5%26utm_term%3Demshare%23story5> *This newsletter was edited by Pete Gannon and copy edited by Carolyn DiPaolo. * Who's scared Twitter will get shut down?—*B & C* [image: Axios] Why stop here? Let's go Pro. Join the thousands of professionals <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tL3B…> reading Axios Pro: Fintech Deals to better understand the forces shaping their industry. Axios thanks our partners for supporting our newsletters. If you’re interested in advertising, learn more here <https://link.axios.com/click/29742089.11786/aHR0cHM6Ly93d3cuYXhpb3MuY29tL2F…>. Sponsorship has no influence on editorial content. Axios, 3100 Clarendon B‌lvd, Arlington VA 22201 You received this email because you signed up for newsletters from Axios. Change your preferences or unsubscribe here. <https://link.axios.com/oc/62155aad577a4801a449ec18hph55.93e/c2b593ad> Was this email forwarded to you? Sign up now <https://link.axios.com/join/5fx/signup-all?utm_source=forwarded_email> to get Axios in your inbox. 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Your Freedom of Information Law Request FOIL-2022-089773-018375
by Gunnar Larson 18 Nov '22

18 Nov '22

2022-089773: “Dear Sir or Madam: Please submit any and all records related to the LendingClub.com September 11 Board of Directors resignation below. The date of the resignation is in question. You may understand the sensitive nature of the date of the resignation. Gunnar Larson Sun, Oct 24, 2021, 5:06 PM to Anuj, Investor, Press Hello there: Thank you very much for the reply. Gunnar On Sun, Oct 24, 2021, 11:36 AM Anuj Nayar wrote: Hi Gunnar On September 11, 2021, in connection with her nomination to serve as superintendent of the New York State Department of Financial Services, Adrienne Harris notified us of her resignation, effective September 12, 2021, from the Company’s Board. Details can be found in the 8k filed on 9/15/21 (below) https://d18rn0p25nwr6d.cloudfront.net/CIK- 0001409970/bbc437e4-2920-4d5d-8e0d-86bca622f0ca.pdf From: Gunnar Larson Date: Saturday, October 23, 2021 at 9:37 AM To: Investor Relations , Press Cc: Gunnar Larson Subject: [EXT] LendingClub: Current Board of Directors CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Madam or Sir: Good day to you. Surveying market research, I was wondering if you can kindly confirm, from LendingClub's July 15, 2021 press release: Is Ms. Adrienne Harris currently a member of LendingClub's board of directors? https://www.prnewswire.com/news-releases/lendingclub-appoints-adrienne-harr… board-of-directors-301335198.html#financial-modal [prnewswire.com] Reviewing your website, Ms. Harris is not referenced:https://www.lendingclub.com/company/leadership Bloomberg and other sources do not reference Ms. Harris as a LendingClub board member: https://www.bloomberg.com/quote/LC:US [bloomberg.com] Sending you the very best regards. Thank you, Gunnar -- Gunnar Larson - xNY.io [xny.io] | Bank.org [bank.org] MSc [unic.ac.cy] - Digital Currency MBA [unic.ac.cy] - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454- 9107 New York, New York 10001” Expected due date: 10.27.22. ---------- Forwarded message --------- From: <Carmen.Garrett(a)dfs.ny.gov> Date: Thu, Oct 27, 2022, 12:42 PM Subject: Your Freedom of Information Law Request FOIL-2022-089773-018375 To: <g(a)xny.io> Good Afternoon: Attached, please find correspondence from the New York State Department of Financial Services pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2022-089773-018375

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FBI Top Stories: Investigation Thwarts Brazen Bribery Scheme | Federal Bureau of Investigation
by Gunnar Larson 18 Nov '22

18 Nov '22

“There are places in the world that have given up. They have corruption at such a level that their governmental systems have completely failed,” Beeckman said. “The public there has no confidence in the people who run their country. We’re not there in this country, and we have no intention of getting there.” Bribery is a federal crime. If you suspect it, contact the FBI <https://tips.fbi.gov/>. A common worry is that if you submit a tip, you will be the sole cause of an open investigation about a public official. This is not accurate. Beeckman confirmed that a public corruption case cannot be opened based on a single source. “No detail is too small. You could be the person who supplies the last bit of information that we need—the puzzle piece that makes it all make sense,” he said. ---------- Forwarded message --------- From: FBI <fbi(a)subscriptions.fbi.gov> Date: Fri, Nov 18, 2022, 12:01 PM Subject: FBI Top Stories: Investigation Thwarts Brazen Bribery Scheme | Federal Bureau of Investigation To: <g(a)xny.io> Investigation Thwarts Brazen Bribery Scheme An attorney, an elected official, and a businessman engaged in an outrageous corruption scheme, but the FBI thwarted their efforts. Nov. 16, 2022 Full Story <https://www.fbi.gov/news/stories/bribery-story-111622?utm_campaign=email-Im…> ------------------------------ <https://www.facebook.com/FBI> <https://twitter.com/FBI> <https://www.youtube.com/user/FBI> <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> * You have received this message because you are subscribed to one or more of the following categories: FBI Top Stories * Manage Subscription <https://delivery.fbi.gov/account-reminder> | Unsubscribe <https://delivery.fbi.gov/subscriber/c57956fe9830b3f02d21fe7a2581942df706f0b…> If you have questions about this service, email us at delivery(a)subscriptions.fbi.gov. Help <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> | Privacy Policy <http://www.fbi.gov/privacy_policy?utm_campaign=email-Immediate&utm_medium=e…> | Visit FBI.gov <https://www.fbi.gov/?utm_campaign=email-Immediate&utm_medium=email&utm_sour…>

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Re: Your Freedom of Information Law Request FOIL-2022-092267-018524
by Gunnar Larson 18 Nov '22

18 Nov '22

Thank you very much. Gunnar Gunnar Larson xNY.io - Bank.org 646-454-9107 On Fri, Nov 18, 2022, 10:23 AM <Carmen.Garrett(a)dfs.ny.gov> wrote: > > Good Morning: > > Attached, please find correspondence from the New York State Department of > Financial Services pertaining to your FOIL request. > > Thank you. > > Tracking Number:FOIL-2022-092267-018524 >

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Fwd: Your Freedom of Information Law Request FOIL-2022-092267-018524
by Gunnar Larson 18 Nov '22

18 Nov '22

2022-092267: “Dear Madam or Sir: On May 18, 2022 xNY.io - Bank.org received a copy of a financial disclosure form for Mr. Richard Weber (General Counsel, NY-DFS) noting an advisory council role at the Las Vegas Museum of Organized Crime and Law Enforcement. No address was provided: https://drive.google.com/file/d/1CCIh9CQiwxVILSv86B54kEcipVRnx1YQ/view?usp=… We would like to receive any and all records NY-DFS and Human Rights hold for this appointment approval for a state associated represenative. ---------- Forwarded message --------- From: <Carmen.Garrett(a)dfs.ny.gov> Date: Fri, Nov 18, 2022, 10:23 AM Subject: Your Freedom of Information Law Request FOIL-2022-092267-018524 To: <G(a)xny.io> Good Morning: Attached, please find correspondence from the New York State Department of Financial Services pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2022-092267-018524

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Fwd: FOIL #2022-089772 Appeal
by Gunnar Larson 18 Nov '22

18 Nov '22

“Many experts are concerned about MIA Coin and resulting NYCCoin disasters. We would like to receive any and all documents related between the NY-DFS Superintendent and the New York City Mayor’s office related to NYCCoin”. The Determination informed you that your FOIL request did not reasonably describe the records that you sought from the Department because FOIL requires that a requestor must describe the records sought and provide sufficient detail so that the agency can identify and locate the records requested. See Konigsberg v. Coughlin, 68 N.Y.2d 245 (1986); In re Farbman & Sons v. NYC Health & Hosps. Corp., 62 N.Y.2d 75 (1984); Matter of Wright v. Hippolyte, 2014 N.Y. Misc. LEXIS 1247, 2014 NY Slip Op 301705 (U) (Sup. Ct. N.Y. County 2014). ---------- Forwarded message --------- From: Tomczak, Christine (DFS) <christine.tomczak(a)dfs.ny.gov> Date: Fri, Nov 18, 2022, 9:27 AM Subject: FOIL #2022-089772 Appeal To: g(a)xny.io <g(a)xny.io> Dear Mr. Larson. See attached letter. Christine M. Tomczak Assistant Counsel New York State Department of Financial Services 1 State Street, New York, New York 10004

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priceless
by punk 18 Nov '22

18 Nov '22

can't make this shit up, even if you try for a million years

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Cryptocurrency: FTX Fraud Exposes Scam Of Woke Capitalism
by grarpamp 18 Nov '22

18 Nov '22

https://michaelshellenberger.substack.com/p/crypto-fraud-exposes-woke-capit… Michael Shellenberger Crypto Fraud Exposes Woke Capitalism As A Scam Why do people keep falling for it? Michael Shellenberger Nov 17 Klaus Schwab, Executive Chairman, World Economic Forum; Sam Bankman-Fried, founder, FTX; President Bill Clinton Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response. He spoke at, and presumably donated to, the World Economic Forum’s Davos conference last May and the Clinton Foundation’s Clinton Global Initiative in September. Bankman-Fried is similar to Bernie Madoff in that both men used philanthropic giving, and the veneer of humility, to create a positive reputation while running pyramid schemes that should have set off red flags among investors, regulators, and journalists. In truth, the Bankman-Fried scandal shows that all do-gooder capitalism should set off red flags. Bankman-Fried claimed he was only trying to get rich in order to raise money for charity, and investors and journalists overwhelmingly took him at his word, even while visiting him at his $40 million home in the Bahamas. “You were really good at talking about ethics for someone who kind of saw it all as a game with winners and losers,” a Vox reporter said to Bankman-Fried last night, to which he responded, “ya, hehe… I feel bad for those who get fucked by it. By this dumb game we woke westerners play where we say all the right shiboleths [sic] so everyone likes us.” Kelsey Piper: you were really good at talking about ethics, for someone who kind of saw it all as a game with winners and losers Sam Bankman-Fried: ya. Hehe. I had to be. it’s what reputations are made of, to some extent. I feel bad for those who get fucked by it, by this dumb game we woke westerners play where we say all the right shiboleths and so everyone likes us. Defenders of do-gooder capitalism say that socially-responsible investing, which was rebranded as ESG to refer to investing that takes environmental, social, and governance issues into account, has done a lot of good. They point to ESG investments in things like renewable energy, electric vehicles, and carbon offsets as proof that capitalism and philanthropy can co-exist. But ESG has been rocked by scandal after scandal for greenwashing things that are bad for the environment, people, and democracy. Few carbon offsets actually reduce carbon emissions. Many are scams. Some pay landowners to not cut down trees they were never going to log. Others pay renewable energy developers who were already going to build wind and solar projects. Most solar panels and electric car batteries are made in Xinjiang, China by incarcerated Uyghur Muslims. Solar projects require 300-600 times more land than nuclear or natural gas plants and are devastating fragile desert environments. And there is no waste disposal solution for used solar panels, a hazardous waste, which means they will be sent to landfills or dumped on poor nations. Even Bankman-Fried acknowledges that “ESG has been perverted beyond recognition.” “Fraud” may seem like a harsh word for describing ESG, but Black’s Law defines fraud as an activity that relies on deception in order to achieve a gain, and ESG certifiers, and sellers of solar panels and solar projects, know perfectly well that their projects violate the letter and spirit of ESG. Representatives of the renewable energy industry for years claimed their products were cheaper than other energy sources even as they were lobbying Congress for $369 billion in subsidies. And many ESG funds exclude nuclear energy even though nuclear has the smallest environmental footprint of any energy source, pays higher wages than solar, and enjoys the strictest regulatory governance of any energy source. CoinDesk - Unknown Clinton with Bankman-Fried at the Clinton Global Initiative, September 17-19, 2022. In truth, societies are much more vulnerable to ESG, renewable energy, and offset frauds than to con artists like Madoff and Bankman-Fried. The latter are caught as soon as the stock market crashes and their pyramid scheme collapses. ESG, renewables, and offsets, by contrast, continue to find customers despite scandal after scandal — as do the the Clinton Foundation and World Economic Forum. The Clinton Foundation is still holding pay-to-play conferences despite having been caught accepting $10 to $25 million from Saudi Arabia and $1 million from Qatar before and while, respectively, Hillary Clinton became Secretary of State. And the World Economic Forum’s founder, Klaus Schwab, was at the G-20 meeting this week despite revelations that WEF promoted FTX. As such, the question is not why Woke frauds like Bankman-Fried do what they do, nor why they get caught, but rather why people fall for it. Why do such transparent efforts to buy public sympathy through greenwashing and woke-washing continue to work? Wokeism Is The New “Greed Is Good” Andrew Ross Sorkin and Kate Rooney referring to Bankman-Fried as “the JP Morgan” and “Michael Jordan,” respectively, of crypto. Over the spring and summer, as investors pulled their money out of cryptocurrencies, Bankman-Fried started bailing out cryptocurrency firms. He characterized his actions as altruistic. Many reporters uncritically accepted this interpretation. CNBC’s Jim Cramer called Bankman-Fried the “J.P. Morgan of this generation,” in reference to banker John Pierpont Morgan’s famous 1907 bail-out of failing banks. “They call him the J.P. Morgan of crypto,” said CNBC’s Andrew Ross Sorkin of the influential show, Squawk Box, while introducing a September 16, 2022 profile of Bankman-Fried. “Yeah, the Michael Jordan of crypto!” responded financial reporter Kate Rooney. She went on. “He spent hundreds of millions of dollars to bail out struggling companies facing bankruptcy, liquidity issues — you name it. The CEO, though, lives a relatively understated life for a billionaire. He drives a Toyota Corolla to FTX's offices in The Bahamas. He lives with 10 roommates. And a golden doodle named Gopher sometimes sleeps under his desk on a beanbag chair.” Rooney didn’t mention that Bankman-Fried’s home is valued at $40 million, even though she interviewed him in it. In fact, Bankman-Fried’s FTX allegedly spent $74 million on real estate in the Bahamas. “You said FTX has a responsibility to seriously consider stepping into the time to save companies,” swooned Rooney. “Why did you have that sense of responsibility?” In retrospect, there were red flags everywhere. In several interviews this fall, Bankman-Fried’s leg is shaking nervously. In 2020, Bankman-Fried admitted to using stimulants. “In general, probably half of all people or more should be taking meds of some kind, because they just make your life a lot better,” he told a podcaster. And in April, Bankman-Fried appeared to admit that his company was a Ponzi (pyramid) scheme to a Bloomberg reporter named Matt Levine. “You start with a company that builds a box,” Bankman-Fried told Levine. “Maybe for now actually ignore what it does or pretend it does literally nothing. It's just a box…. This box is worth zero obviously … But on the other hand, if everyone kind of now thinks that this box [cryptocurrency] token is worth about a billion dollar market cap, that's what people are pricing it at and sort of has that market cap.” The interviewer, Matt Levine, a former investor and one of the leading crypto reporters in the U.S., interjected, “You're just like, ‘Well, I'm in the Ponzi business and it's pretty good,’” to which Bankman-Fried said, “I think that’s a pretty reasonable response… that's one framing of this. And I think there's like a sort of depressing amount of validity.” At that very moment, Bankman-Friedman appears to have been using FTX’s own cryptocurrency as collateral for lending FTX customer money to his hedge fund, Alameda Capital. In retrospect he appears to be making something of a confession to Levine back in April. “Everyone's gonna mark to market,” said Bankman-Friedman. “In fact, you can even finance this, right? You put X token in a borrow lending protocol and borrow dollars with it. If you think it's worth like [not] less than two-thirds of that, you could even just like put some in there, take the dollars out [and] never, you know, give the dollars back.” And yet, Levine writes, “I came away from that conversation bullish on FTX and Bankman-Fried. My view was, and is, that if you talk to a crypto exchange operator and he is like ‘crypto is changing the world, your old-fashioned economics are just FUD, HODL,’ then that’s bad. A wild-eyed crypto true believer is not the person to operate an exchange. The person you want operating an exchange is a clear-eyed trader.” Levine’s not alone. In his various interviews, Bankman-Fried came across with humility and an “aw shucks” style while also communicating quiet confidence. Six times, in response to questions from Chuck Todd of “Meet the Press” last September, Bankman-Fried said, silkily, “It’s a good question.” The way Bankman-Fried said it sounded like a compliment, like he was praising the journalist for his intelligence. As such, Bankman-Fried was making a classic confidence artist move. In many cons, the confidence artist expresses his own confidence in his mark so that the mark will reciprocate by investing his confidence in the con artist. Humans are so wired to reciprocity that it feels rude not to feel confident in someone who has expressed confidence in us. And con artists like Bankman-Fried and Madoff expressed progressive values broadly shared by elites, including journalists. On “Meet the Press,” Bankman-Fried told Todd that he was making pandemic prevention and response a key part of his “effective altruism” philanthropy. “Covid is one of the clearest examples of this,” he said, “where we did not as a country, or as a world, frankly, have a coherent strategy.” Why, then, do frauds like Madoff and Bankman-Fried get away with it? And why do we keep trusting people like the Clintons and Klaus Schwab of the World Economic Forum? Because many people, particularly liberal-minded investors, but also journalists and members of the voting public, want to trust them. Wishful thinking is powerful. We saw a similar dynamic with the fraud carried out by Theranos Founder Elizabeth Holmes. Rich and powerful people wanted to believe in her for the same reason people wanted to believe in Bankman-Fried. And liberals especially wanted to believe Bankman-Fried. That’s because they tend to feel guiltier than conservatives and libertarians about their greed. They thus need Wokeism, an alternative religion, to justify it. “Greed is good,” said the hostile takeover investor played by Michael Douglas in the 1987 classic, “Wall Street.” Douglas proceeded to give the standard justification of capitalism provided by Adam Smith in 1776. “Greed, in all of its forms — greed for life, for money, for love, knowledge — has marked the upward surge of mankind,” said the Douglas character. Such a justification doesn’t work for liberals. They need to feel that their greed is good because their greed is altruistic. What hucksters like Bankman-Fried, the Clintons, and Klaus Schwab provide is a Woke justification for their greed. Breaking The Woke-Greed Trance World Economic Forum’s Klaus Schwab speaking at the G-20 meeting on Monday, November 14, 2022. © 2022 Michael Shellenberger Privacy ∙ Terms ∙ Collection notice Publish on Substack Get the app Substack is the home for great writing

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