The Global Hunt for Crypto’s Most Wanted Man

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 6 November 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

When cryptocurrencies TerraUSD and Luna collapsed, it wiped out $40 billion from the crypto market and set off investigations into the tokens’ founder that sparked an international manhunt. WSJ reporter Alexander Osipovich joins host Zoe Thomas to explain how he was eventually found. Plus, another former crypto boss Sam Bankman-Fried has been convicted of fraud, but that’s not the end of the saga. WSJ reporter Caitlin Ostroff explains and you can hear more on the trial on The Journal podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Tech News briefing is supported by F.T.I. Consulting
0:03.7	from the world's largest cyber breaches to global fraud investigations.
0:06.7	F.T. consulting is the number one expert-based firm
0:09.6	organizations turn to and there are moments of truth.
0:13.0	Learn more at FTI Consulting.com.
0:17.0	Welcome to Tech News Briefing.
0:22.0	It's Monday, November 6th. I'm Zoe Thomas for the Wall Street Journal.
0:27.0	In May 2022, two cryptocurrencies TerraUSD and Luna crashed in value, erasing $40 billion from the
0:37.0	cryptocurrency markets and triggering a chain reaction that pushed other
0:41.4	digital asset firms into bankruptcy. It also set off an
0:45.4	investigation into the company behind the tokens, Terraform Labs, and its
0:50.4	founder, a man named Doquon.
0:53.0	That would lead to charges in multiple countries, a fake passport,
0:56.9	and a global manhunt.
0:58.8	Our cryptocurrency's reporter Alexander Osipovich
1:01.6	is going to join us with the story of crypto's most famous fugitive.
1:11.0	But first, Elon Musk's artificial intelligence startup showed off its first product, a joke-telling
1:17.4	chatbot named Grock.
1:19.6	The company, X-A-I, said the bot is designed for tasks including information retrieval and coding assistance.
1:26.4	In a series of social media posts, Musk showed a sample of responses from Grock and boasted that it has a love of sarcasm and the ability to access real-time
1:36.2	information via X, the platform formerly known as Twitter.
1:40.5	Musk said premium plus subscribers to X will have access to the chatbot after beta testing with a limited group of users.
	...

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