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#AxieInfinity

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#OpenSea, the place you buy and sell monkey JPGs & #Trump NFTs, is (almost certainly) about to be charged by the #SEC. Its the latest in a long line of companies in the portfolio of #Trump converts/megadonors #MarcAndreessen and #BenHorowitz to be indicted.

This is why these #billionaires are backing Trump (see my 📌 toot for more).

Their (mostly crypto & AI) venture capital firm #AndreessenHorowitz/#a16z also backed disasters like:

1. the "let's exploit Filipinos" #AxieInfinity game
2. the recently arrested #BitClout
3. #NorthKorea's favorite money laundry #Uniswap

(A "Wells Notice" is a private letter the SEC sends to say "we're about to indict you, any last words?". Very rarely a co. can talk their way out of trouble but never as far as I'm aware has any co. that made its notice public ever managed to do so.)

image courtesy @web3isgreat, the best account for news of the rolling catastrophe some call "the #cryptocurrency industry"

Erin Plante is a #privatedetective who specializes in chasing down stolen #cryptocurrency. In March of 2022, she got the biggest assignment of her career: #Hackers had broken into an online game called #AxieInfinity and made off with over $600 million worth of #digitalmoney. It was the largest #crypto #heist in history. And now it was Erin's job to find that #money and get it back.

podcasts.google.com/feed/aHR0c

Google PodcastsPlanet Money - How to launder $600 million on the internetErin Plante is a private detective who specializes in chasing down stolen cryptocurrency. In March of 2022, she got the biggest assignment of her career: Hackers had broken into an online game called Axie Infinity and made off with over $600 million worth of digital money. It was the largest crypto heist in history. And now it was Erin's job to find that money and get it back. Erin's investigation would lead her to face off against some of the world's most formidable digital money launderers, whose actions would soon raise alarms at the highest levels of government — even threaten the nuclear security of the entire planet. This episode was hosted by Jeff Guo and Keith Romer, produced by James Sneed, edited by Jess Jiang, fact-checked by Willa Rubin & Sam Yellowhorse Kesler, and engineered by Maggie Luthar. Alex Goldmark is our executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.