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CoinDesk Podcast Network

COINDESK DAILY: North Korea Is Infiltrating the Crypto Industry; Diddy Hires Sam Bankman-Fried’s Appeal Lawyer

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 2 October 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the news in the crypto industry from CoinDesk's investigation on North Korean IT workers in crypto to Diddy hiring Sam Bankman-Fried's appeal lawyer. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as a CoinDesk investigation reveals that crypto firms are unknowingly hiring IT workers from North Korea. Plus, Sean “Diddy” Combs has hired the lawyer who handles Sam Bankman-Fried's appeal and Bitwise registered a trust entity in the state of Delaware, taking a first step at an XRP ETF. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee, Jennifer Sanasie, Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

North Korea is infiltrating the crypto industry and Diddy is hitting up SBF's lawyer to get out of jail.

0:06.6

This is CoinDest Daily. I'm your host, Christine Lee.

0:13.5

A CoinDest investigation revealing that crypto firms are unknowingly hiring IT workers from North Korea.

0:22.8

Tracing wallets linked to North Korea,

0:29.2

Quina spoke to over a dozen companies, including sushi, Uren Finance, and Cosmos Hub, admitting that they were duped into hiring North Korean developers using fake IDs and impressive resumes.

0:35.4

In some cases, these hires led to multi-million dollar hacks and

0:40.0

legal risks as hiring DPRK workers violates U.S. sanctions. Sources estimate over 50% of

0:47.6

job applicants across the entire crypto industry are coming from North Korea.

0:53.0

Sean Diddy Combs has crossed paths with Sam

0:55.7

Bankman Fried again after they already share a cell with each other. The rapper hired

1:00.6

SBF's lawyer Alexander Shapiro to appeal a New York judge's decision to keep him

1:05.7

locked up while he awaits trial. Alexander Shapiro handled Bankman-Fried's appeal shortly after his conviction,

1:12.2

and just last month she filed a 102-page appeal requesting a new trial for the fraudster

1:17.9

and accusing the judge overseeing his case of being unfairly biased against him.

1:23.4

Bitwise has taken a stab at a potential XRP ETF. The Cryptonative Asset Manager registered a trust entity in the state of Delaware on Tuesday, which appeared on the state's division of corporations website.

1:36.2

A spokesperson for Bitwise confirming that the filing was real since there have been similar but illegitimate filings uploaded to the website in an attempt to pump the token's price.

1:47.5

That's it for CoinDest Daily. Get more updates on CoinDest.com and we'll see you next time.

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