COINDESK DAILY: Will Mayor Adams Join Sam Bankman-Fried and Diddy in Prison?; Crypto Hacks in Q3
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 26 September 2024
⏱️ 2 minutes
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| 0:00.0 | SBF and Diddy could be getting a new high-profile jailmate and a look back at CryptoHacks in Q3. |
| 0:07.2 | This is Queen S Daily. I'm your host Christine Lee. |
| 0:14.6 | Crime makes strange bedfellows. |
| 0:17.1 | While Sam Bankben-Fried and Sean Diddy Combs are sharing the same jail housing unit, |
| 0:22.4 | they could possibly get a new bunkmate, New York mayor Eric Adams. |
| 0:27.4 | The internet is speculating the three could share the same dorm-style room in a Brooklyn detention center |
| 0:33.1 | after Mayor Eric Adams is indicted following a federal corruption investigation. |
| 0:38.3 | In the months before the collapse of Bankman Freed's Exchange, FTX, |
| 0:42.3 | SPF rubbed shoulders with high-profile politicians, including Mayor Adams, |
| 0:47.3 | dining with the mayor at his favorite Midtown Manhattan restaurant. |
| 0:50.3 | Adams is known to be a crypto fan. |
| 0:52.3 | His first mayor paycheck was denominated in Bitcoin |
| 0:56.3 | and Ether. PayPal will let its business clients buy, hold, and sell crypto directly from their |
| 1:03.0 | accounts in the United States, potentially opening up a larger market. It's been a few years |
| 1:08.5 | since the payment giant has allowed its retail users to do the |
| 1:11.7 | same via PayPal and Venmo accounts. The expansion of service comes after the company saw demand |
| 1:17.8 | from business owners too, according to a statement released Wednesday. However, the service will not |
| 1:23.4 | be available to business clients in the state of New York in the beginning, and PayPal has yet to |
| 1:28.8 | give a timetable for when that would change. Hackers stole $409 million worth of crypto in the third |
| 1:36.0 | quarter and an additional $3 million was lost to fraud. That's a coin to report by Immunify. |
| 1:42.1 | The Bug Bounty platform added that the figure is 40% less than in the year earlier period. |
| 1:49.2 | Most of the quarter's losses came from hacks of crypto exchanges with India's Wazir X losing $235 million and Singapore's BingX, $52 million. |
... |
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