The confessions of SBF
Billion pulls back wiped cryptocurrency market
Cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion in 2020. Address Screening Copyright © 2023 MarketWatch, Inc. All rights reserved.
‘$300m in cryptocurrency’ accidentally lost forever due to bug
Billion pulls back off cryptocurrency market
Calculating and reporting losses for each of your cryptocurrency trades in a tax year can be tedious and painstaking. It can also be troublesome to generate gains and losses reports when you have transferred crypto between wallets (such as Coinbase and Binance), because exchanges may not know the original cost basis of the transferred coin. Which coins are soaring? Howells’s efforts to recover the money had clearly taken a toll on him. Like Poe’s Legrand, he was “infected with misanthropy, and subject to perverse moods of alternate enthusiasm and melancholy.” He had spoken to the press mainly in the hope that it might help him secure his treasure, and he admitted to me that some of his interviews hadn’t been entirely honest. To throw potential thieves off his trail, he said, he had fudged the number of bitcoins he had mined. (He showed me his bitcoin ledger, confirming that the true number was eight thousand.) When I insisted on confirming information directly with his business associates, he resisted, claiming that I might leak the information to a rival excavation team.