Attempt – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 05 Jul 2025 12:59:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Attempt – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Governor Katie Hobbs Rejects New Attempt to Use Seized Crypto in Arizona https://earlybirdsinvest.com/governor-katie-hobbs-rejects-new-attempt-to-use-seized-crypto-in-arizona/ https://earlybirdsinvest.com/governor-katie-hobbs-rejects-new-attempt-to-use-seized-crypto-in-arizona/#respond Sat, 05 Jul 2025 12:59:24 +0000 https://earlybirdsinvest.com/governor-katie-hobbs-rejects-new-attempt-to-use-seized-crypto-in-arizona/

Governor Katie Hobbs has rejected a proposal to allow Arizona to hold Bitcoin
BTC


$108,317.04

and other cryptocurrencies seized during criminal investigations.

The latest bill, House Bill 2324, would have created a state-run digital asset reserve using these seized funds.

In a July 1 veto message to House Speaker Steve Montenegro, Hobbs explained that the bill could make local police less willing to work with the state on cases involving digital assets.

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She said this is because the bill would take control of those seized funds away from local agencies.

The proposal passed the Arizona House of Representatives in June, with 34 lawmakers in favor and 22 opposed. It had failed earlier in May but was later approved in a second attempt.

In May, Hobbs vetoed two Senate bills. The first one, Senate Bill 1025, would have let state retirement funds and the treasury invest up to 10% of their holdings in Bitcoin.

The other, Senate Bill 1373, would have allowed the state to keep seized digital currencies instead of converting them into dollars right away.

Still, Hobbs signed House Bill 2749 in May, which allows the state to store unclaimed digital assets without converting them to cash.

Meanwhile, the US Securities and Exchange Commission (SEC) has withdrawn 14 proposed rules, including two that targeted crypto custody and decentralized finance (DeFi) platforms. What were these two rules about? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Crypto Investor Tim Heath Fought Attackers, Dodged Kidnapping Attempt https://earlybirdsinvest.com/crypto-investor-tim-heath-fought-attackers-dodged-kidnapping-attempt/ https://earlybirdsinvest.com/crypto-investor-tim-heath-fought-attackers-dodged-kidnapping-attempt/#respond Thu, 03 Jul 2025 08:40:12 +0000 https://earlybirdsinvest.com/crypto-investor-tim-heath-fought-attackers-dodged-kidnapping-attempt/

Tim Heath, an Australian crypto investor, fought off a kidnapping attempt in Estonia after being attacked inside his apartment building, according to a July 2 report by Eesti Ekspress.

According to prosecutors, a group of seven had followed Heath for days and even placed a tracker on his car. Two men, dressed as painters, approached him in the stairwell and tried to drag him into a waiting van.

One of the attackers, identified as Allahverdi Allahverdiyev, covered Heath’s mouth to stop him from shouting. Heath bit through the man’s finger during the struggle and managed to run back into his apartment. He reportedly lost a tooth in the process.

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Investigators said the attackers planned to take Heath to a rented sauna and force him to hand over his crypto holdings. The group is accused of entering Estonia using fake Georgian passports.

Before the attack, they bought painter uniforms and tools to disguise themselves as workers. The plan also involved a hacker to help transfer the digital assets.

Allahverdiyev claimed he pretended to go along with the plan but later told others to call it off, despite being promised €100,000. Another suspect, Georgian citizen Ilgar Mamedov, said he was only passing through Estonia. The alleged leader of the group, Najaf Najafli, and two others remain at large.

After the incident, Heath received a message on Telegram that included photos of his home and demanded 30 Bitcoin
BTC


$109,236.58

, worth about $3.3 million at the time. He did not reply, and no further contact was made.

Tushal Rathod from New York was recently accused of using fake checks and email scams to collect nearly $1.7 million, and converting most of it into Bitcoin. How did the case unfold? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Government Imposes Cash Withdrawal Limits on Crypto ATMs in Australia in New Scam Crackdown Attempt https://earlybirdsinvest.com/government-imposes-cash-withdrawal-limits-on-crypto-atms-in-australia-in-new-scam-crackdown-attempt/ https://earlybirdsinvest.com/government-imposes-cash-withdrawal-limits-on-crypto-atms-in-australia-in-new-scam-crackdown-attempt/#respond Wed, 04 Jun 2025 20:16:47 +0000 https://earlybirdsinvest.com/government-imposes-cash-withdrawal-limits-on-crypto-atms-in-australia-in-new-scam-crackdown-attempt/

The Australian government’s financial intelligence agency has imposed $5,000 cash withdrawal limits on crypto ATMs.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) adopted the new rules and refused to renew the registration of one crypto ATM operator, Harro’s Empires, after an agency task force flagged “worrying trends” in digital asset ATM compliance, according to a new press release.

AUSTRAC CEO Brendan Thomas says the task force noticed customer behavior that resembled scams, fraud and other illicit activity.

“The task force has uncovered disturbing trends, which have confirmed that cryptocurrency ATMs are being used for scam/fraud-related transactions. Surprisingly, the 60 to 70 age group was identified as one of the most prolific users of crypto ATMs in Australia.

It is a huge concern that people in this demographic are overrepresented as customers using cash to purchase cryptocurrency and, as evidence suggests, that a large number of 60-70 year old users are victims of scam activity.”

AUSTRAC’s Cryptocurrency Task Force notes that 60-70-year-olds accounted for 29% of all crypto ATM transactions by value.

Australia had only 23 operating crypto ATMs in 2019 and 60 in 2022, but now has more than 1,800. Nearly 150,000 transactions occur annually across those machines, 99% of which are cash deposits to purchase crypto like Bitcoin (BTC), Ethereum (ETH) and the stablecoin USDT, according to AUSTRAC.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Paris Family Fights Off Masked Gang in Crypto-Linked Kidnapping Attempt https://earlybirdsinvest.com/paris-family-fights-off-masked-gang-in-crypto-linked-kidnapping-attempt/ https://earlybirdsinvest.com/paris-family-fights-off-masked-gang-in-crypto-linked-kidnapping-attempt/#respond Sun, 18 May 2025 03:00:37 +0000 https://earlybirdsinvest.com/paris-family-fights-off-masked-gang-in-crypto-linked-kidnapping-attempt/

A masked gang tried to abduct the daughter and young grandson of a crypto company executive in Paris, but the attackers fled empty-handed after a violent struggle.

This incident is part of a trend of violent cases targeting individuals connected to the crypto industry in France.

Crypto Exec’s Family Targeted in Attack

According to a BBC report, the attack happened around 8:20 a.m. in the city’s 11th district and was captured on video by an onlooker. Local media revealed that the woman and her husband were getting out of their car with their child when three men jumped out of a white van and tried to pull them away.

The couple fought back, which resulted in the husband being hit several times on the head while trying to protect his family. Meanwhile, the wife managed to grab a gun from one of the culprits and threw it into the street. Police later confirmed the weapon was a replica air gun.

Despite the busy street and children on their way to school nearby, passers-by hesitated to intervene at first. However, as more people began to react, the attackers abandoned the attempt and ran back to the van, where a fourth person was waiting inside.

As the culprits drove away, one witness threw a fire extinguisher at the vehicle. Following the incident, the family was taken to a hospital and treated for minor injuries.

Police sources confirmed that the woman is the daughter of a crypto company boss. AFP said the victims are relatives of the co-founder of French Bitcoin exchange Paymium. The Paris police unit that handles armed robbery is now investigating the incident.

A Series of Crypto-Related Kidnappings

This development follows a similar case just over a week earlier, where the father of a crypto millionaire was kidnapped in another part of Paris while walking his dog. In this instance, the abductee was held for ransom.  After being in captivity for three days, he was released with one of his fingers cut off. Several people have been arrested in connection with the case.

Another high-profile incident happened in January when David Balland, co-founder of crypto wallet firm Ledger, and his wife were taken at their home in central France, with the culprits demanding a 10 million euro ransom for their release.

While they were later rescued, Balland was also found missing a finger. Around the same time, rumors spread about another abduction involving Ledger’s other co-founder, Eric Larchevêque. However, these claims were later denied by French media.

Authorities have not confirmed whether the incidents are connected, but all victims involved had some link to crypto.

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France ramps up efforts to tackle rising crypto kidnappings after failed attempt goes viral https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/ https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/#respond Sat, 17 May 2025 23:24:46 +0000 https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/

France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16.

The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety.

According to the report, the meeting was described as “strictly confidential,” and journalists were asked not to film participants “for reasons of security.”

The government is now offering affected individuals priority emergency support, elite police consultations, and assessments of home security infrastructure.

Retailleau, who is positioning himself as a tough-on-crime candidate for 2027’s presidential race, said in a statement that he is determined to stop these “unbearable” attacks.

Escalating threats

Crypto-linked ransom kidnappings and crime in France have grown more frequent over the past year, with several cases happening in recent months.

According to Eric Larchevêque, co-founder of Ledger, there were 50 known attacks globally targeting individuals in the crypto industry in the past 12 months, 14 of which occurred in France.

Larchevêque, who attended Friday’s meeting, told broadcaster RTL that he felt French authorities “have understood what’s at stake” following the discussions.

The concerns follow a high-profile case in January, when an associate of Larchevêque and his wife were kidnapped for ransom.

More recently, police intervened in a separate case where a hostage, related to a crypto entrepreneur, had a finger severed before officers raided the site. Seven suspects were arrested in that case.

Failed abduction captured on video

The latest incident, captured on video on May 14, involved masked men attempting to shove the daughter of Paymium CEO Pierre Noizat into a van in broad daylight.

The footage showed the woman and her husband struggling with the attackers on the pavement as bystanders shouted for help. A local shopkeeper eventually forced the suspects to flee by throwing a fire extinguisher at their vehicle.

Noizat told reporters that his son-in-law required stitches following the attack and accused judges and politicians of a “lack of action.” He warned that these crimes would increase if the government did not make serious efforts to stop them.

The Interior Ministry’s heightened response is aimed at stemming fears that violent crime could derail France’s digital finance ambitions, which have been a centerpiece of President Emmanuel Macron’s economic strategy.

Mentioned in this article
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Crypto Exchange CEO’s Daughter and Grandson Narrowly Escape Kidnap Attempt by Armed Gang in France: Report https://earlybirdsinvest.com/crypto-exchange-ceos-daughter-and-grandson-narrowly-escape-kidnap-attempt-by-armed-gang-in-france-report/ https://earlybirdsinvest.com/crypto-exchange-ceos-daughter-and-grandson-narrowly-escape-kidnap-attempt-by-armed-gang-in-france-report/#respond Thu, 15 May 2025 10:02:10 +0000 https://earlybirdsinvest.com/crypto-exchange-ceos-daughter-and-grandson-narrowly-escape-kidnap-attempt-by-armed-gang-in-france-report/

Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France.

The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday.

Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene.

But the woman, the daughter of France-based crypto exchange platform Paymium CEO and co-founder Pierre Noizat, resisted. She grabbed one of the attackers’ handguns and threw it away.

The commotion caught the attention of passersby who tried to help, including one man who brought out a fire extinguisher. The attackers eventually ended up fleeing in their waiting vehicle.

The victims sustained injuries and were taken to the hospital.

The attack follows a series of incidents targeting crypto entrepreneurs in France. In January, kidnappers abducted crypto wallet firm Ledger co-founder David Balland and his wife and demanded a large ransom in cryptocurrency. The police managed to rescue the couple and the suspects, including the alleged mastermind, are now detained.

Last month, masked men also kidnapped the father of a crypto millionaire in the French capital and demanded ransom. The police were able to locate the place of detention and freed the man during a raid.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Compromised Mod Account Hits Ledger Discord Server in Wallet Scam Attempt https://earlybirdsinvest.com/compromised-mod-account-hits-ledger-discord-server-in-wallet-scam-attempt/ https://earlybirdsinvest.com/compromised-mod-account-hits-ledger-discord-server-in-wallet-scam-attempt/#respond Tue, 13 May 2025 05:45:44 +0000 https://earlybirdsinvest.com/compromised-mod-account-hits-ledger-discord-server-in-wallet-scam-attempt/

On May 11, Ledger’s Discord server was briefly compromised after a moderator’s account was taken over, according to Ledger team member Quintin Boatwright.

The attacker used the account to share a fake link and claimed that users were required to confirm their wallet recovery phrases. The message was designed to trick people into handing over access to their crypto wallets.

Screenshots shared on X show that the fake message warned of a “security issue” and urged users to act quickly by clicking a link. Anyone who followed it was asked to connect their wallet and complete several steps, which included sharing sensitive information.

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Ledger’s team responded by removing the compromised moderator account and deleting the bot used to spread the link. They also took down the website the link pointed to and reviewed all channel permissions to prevent further abuse.

An X user said in a May 11 post on X that they were banned or muted while trying to report the incident, which may have delayed the team’s response.

According to Boatwright, “the issue was quickly contained”, and new steps have been taken to improve Discord security. He also confirmed that this was a one-time incident and that the attack was limited to the Discord channel.

On April 29, scammers targeted Ledger wallet owners by sending fake Ledger letters through the mail. How did the company respond? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Penny Stocks Attempt to Ride Crypto's Coattails https://earlybirdsinvest.com/penny-stocks-attempt-to-ride-cryptos-coattails/ https://earlybirdsinvest.com/penny-stocks-attempt-to-ride-cryptos-coattails/#respond Tue, 13 May 2025 02:39:34 +0000 https://earlybirdsinvest.com/penny-stocks-attempt-to-ride-cryptos-coattails/

Education tech firm Classover Holdings (KIDZ) said in early May that it would sell $400 million worth of shares to buy solana. Its stock exploded higher. Shares of the thinly traded company, then with a market cap well shy of $50 million soared from $1.15 to more than $7 in just two sessions before settling back to the current $3.69. .

Classover wasn’t the first company to experience the crypto surge, and it won’t be the last.

A growing number of obscure, microcap and nanocap companies are embracing cryptocurrency — not as a business line or payment method, but as a headline-grabbing balance sheet item. They often follow the same script: an announcement of a shift in strategy to hold digital assets like bitcoin or solana, followed by a pop in the stock price.

Today, GD Culture Group (GDC), a company with a market cap of around $30 million, announced plans to sell up to $300 million in shares to buy bitcoin and TrumpCoin (TRUMP), a meme token themed around U.S. President Donald Trump. The company declared that this purchase was part of its new “crypto asset treasury strategy.” The stock rose 13% on the news.

Also today, Amber International Holdings (AMBR), valued at just under $900 million, said it would allocate $100 million to a basket of cryptocurrencies, including bitcoin, ethereum ETH$2,435.83, solana, XRP$2.44, Binance Coin BNB$646.90 and sui SUI$3.87.

All are attempting to mimic the original corporate crypto evangelist: Strategy (MSTR). In August 2020, the enterprise-software company pivoted to using bitcoin as its primary treasury reserve asset. Since then, its stock has soared more than 3,000%, fueled not by software sales or product innovation, but the price of bitcoin. Many retail investors now treat the stock as a proxy for bitcoin exposure.

But while Strategy had a longstanding business and a consistent, transparent strategy — in addition to its chairman, Michael Saylor, emerging early as a bitcoin proponent — these newer companies appear to be leveraging the crypto hype machine with little track record or follow-through.

Take Worksport, a Nasdaq-listed manufacturer of truck bed covers. Last year, the company announced plans to invest its cash reserves into bitcoin and XRP. Its stock, which had been sliding for years, jumped after the announcement. But the rally didn’t last, and the stock has since returned to pre-announcement levels. The company said in April that it had made a six figure initial purchase.

“We are still bullish on our initial positions and have been holding. We will consider adding in the future as appropriate,” a spokesperson told CoinDesk at the time.

The playbook seems straightforward: Find a buzzy crypto token, announce a purchase or strategic allocation, then ride the temporary surge in retail investor attention. In many cases, the amount the company plans to invest vastly exceeds its own market capitalization. That was true for Classover and GD Culture, both of which proposed multi-hundred-million-dollar allocations despite being worth a fraction of that.

It’s unclear whether these companies will actually make their proposed purchases or how they plan to raise the funds. But the market’s reaction points to a pattern: Microcap firms are using crypto as a megaphone.

Still, the tactic is proving effective in the short term. As long as the market rewards crypto-related headlines with stock rallies, small companies are likely to continue jumping on the bandwagon.

Whether any of them become long-term crypto believers like Strategy remains to be seen.

There are, however, some firms that appear to be taking the Strategy route more seriously — and seeing results. Japanese investment firm Metaplanet has steadily grown its bitcoin holdings to 6,796 since launching its Bitcoin Treasury Operations in April 2024, positioning itself as one of the more committed corporate holders in Asia.

Similarly, U.S.-based medical device company Semler Scientific has been buying bitcoin consistently since adopting it as a reserve asset. It now holds 3,634 BTC on its balance sheet, reflecting a strategy that mirrors MicroStrategy’s playbook rather than simply borrowing its headlines.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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The Republican attempt to steal the North Carolina Supreme Court election, explained https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/ https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/#respond Wed, 07 May 2025 16:36:24 +0000 https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/

Editor’s note: Following a loss in federal court, Judge Jefferson Griffin ended his legal battle to unseat North Carolina Supreme Court Justice Allison Riggs on May 7. The story that follows was originally published April 14.

On Friday, four Republican members of the North Carolina Supreme Court issued an order attempting to disenfranchise more than 5,000 of the state’s voters. This order is part of an ongoing effort by Judge Jefferson Griffin, a Republican and the losing candidate in a recent state supreme court race, to overturn Democratic state Supreme Court Justice Allison Riggs’s reelection in that race.

Four of the state’s Republican justices, in other words, are attempting to unseat one of their own Democratic colleagues and replace her with the Republican who lost his bid to unseat her.

Riggs’s victory over Griffin was very close, which is why canceling several thousand votes may be enough to change the result of this election. By official tallies, Riggs beat Griffin by just 734 votes.

Griffin’s attempt to steal this election closely resembles an even more famous court case about a contested election: Bush v. Gore (2000). Bush addressed the nail-bitingly close 2000 presidential election in Florida. Initial tallies showed Republican George W. Bush with just a 537-vote lead, and whoever prevailed in Florida would also win a term in the White House.

Democrat Al Gore, meanwhile, sought a recount of some Florida ballots in the hopes that this recount would push him over the top. But we’ll never know if Bush or Gore was the proper winner of the 2000 presidential election because the Supreme Court effectively halted that recount in Bush.

The stunning thing about the North Carolina Supreme Court’s recent decision, in a case known as Griffin v. North Carolina State Board of Electors, is that the four Republican justices behind that decision somehow managed to recreate the exact same constitutional violation that drove the Supreme Court to shut down the recount in Bush.

That’s not easy to do. One reason why Bush is widely criticized as a partisan decision is that the five justices in the majority went to great pains to limit their decision to the “present circumstances” before the Court — implying that Bush’s victory was a good-for-this-ride-only decision involving facts that are unlikely to arise again. But now they have arisen in the Griffin case.

The specific legal violation identified in Bush v. Gore was that the Florida Supreme Court ordered just three counties — counties that tended to favor Democrats — to recount their ballots, a problem exacerbated by the fact that each of these three counties used different procedures to conduct this recount. A majority of the justices concluded that this piecemeal procedure was not allowed and the state supreme court had an obligation to “assure uniformity” of election rules throughout the state.

In Griffin, meanwhile, the four Republican justices ordered voters disenfranchised in just four North Carolina counties — all of which favor Democrats — while leaving similarly situated voters in other counties untouched. That’s the exact same thing the Florida Supreme Court did in Bush. A state supreme court cannot apply non-uniform rules after an election has already happened.

For the moment, the state supreme court’s attempt to steal Riggs’s seat is on hold — a federal judge issued a temporary order forbidding the state from certifying the result of the election until after this case is fully litigated in federal court. But under Bush, there’s only one conclusion the federal courts should reach in this case: that North Carolina’s Supreme Court cannot selectively toss out ballots.

Which voters are being disenfranchised?

Griffin primarily involves military and overseas voters who cast their ballot using either an online or paper form permitting them to vote absentee. Though North Carolina state law generally requires voters to show a photo ID before they can vote, the state’s administrative code provides that military and overseas voters are “not required to submit a photocopy of acceptable photo identification” when they cast their ballot.

Indeed, according to lawyers representing several voters the state supreme court is attempting to disenfranchise, it was impossible for military and overseas voters to submit a copy of their ID even if they wanted to. Many of these voters cast their ballot using an online portal maintained by the state, but that portal neither asked voters to provide ID nor “[provided them] with a means of doing so.”

Nevertheless, a majority of the state supreme court ruled on Friday that these voters’ ballots are presumptively invalid because they did not comply with a different provision of state law that requires the state to establish rules governing the use of ID by absentee voters. The state supreme court’s decision does allow these voters to “cure deficiencies arising from lack of photo identification” within 30 days, but it is unclear how this curing process will even work.

The state’s decision to hold an election under one set of rules and then change those rules after the election in just four Democratic counties violates the Constitution in at least two ways.

The first is that several federal appeals courts have ruled against states that attempted to retroactively change their election rules after an election took place. In Griffin v. Burns (1978), for example, the United States Court of Appeals for the First Circuit ruled that the Rhode Island Supreme Court could not toss out a stack of ballots “after the results of the election were in,” pointing to the fact that the state’s top elections official had previously “advertised, issued, and sanctioned” the ballot forms that the state supreme court later tried to invalidate.

The Supreme Court has not yet ruled on whether a state can retroactively change its election procedures, so it is possible that the justices will break with these appeals court decisions.

The second constitutional violation arises under Bush. And because Bush was a decision of the Supreme Court of the United States, its rule clearly should apply to the dispute between Riggs and Griffin.

Under Bush, the North Carolina Supreme Court might have been allowed to disenfranchise military and overseas voters throughout the state. But it cannot disenfranchise these voters in just four Democratic counties while counting military and overseas ballots elsewhere. Again, Bush said state supreme courts must “assure uniformity” when they announce a new election rule after the election has already happened.

The good news for Riggs is that the Fourth Circuit, the appeals court that oversees North Carolina, has a 9-6 Democratic majority among its active judges. So that court is unlikely to tolerate the state supreme court’s violation of the Constitution. It remains to be seen, however, whether the GOP-controlled US Supreme Court decides to get involved in this case. If it does, it is difficult to predict how it might rule.

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THORChain Dev Walks Away After Attempt to Stop Illicit Funds Fails https://earlybirdsinvest.com/thorchain-dev-walks-away-after-attempt-to-stop-illicit-funds-fails/ https://earlybirdsinvest.com/thorchain-dev-walks-away-after-attempt-to-stop-illicit-funds-fails/#respond Sat, 01 Mar 2025 14:45:12 +0000 https://earlybirdsinvest.com/thorchain-dev-walks-away-after-attempt-to-stop-illicit-funds-fails/

A THORChain
RUNE


$1.26

developer has stepped away from the project after an attempt to block transactions linked to North Korean hackers was reversed.

The decision followed a controversial vote involving THORChain validators. One validator, “TCB“, said they had voted—along with two others—to stop Ethereum
ETH


$2,159.51

trading on the network to prevent North Korean hackers from using it.

However, the decision was quickly reversed. THORSwap developer Oleg Petrov explained that three validator votes were needed to pause a chain, but four were required to undo it, which happened within minutes.

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The developer of the cross-chain swap protocol, known as “Pluto“, announced their exit in a February 27 post on X, saying, “Effectively immediately, I will no longer be contributing to THORChain”.

The Lazarus Group, a cybercrime organization tied to North Korea, has allegedly been using THORChain to move some of the $1.5 billion stolen from the exchange Bybit



$2.49B

on February 21. According to blockchain tracker Lookonchain, around $605 million in ETH has passed through the network.

THORChain’s founder, John-Paul Thorbjornsen, responded to the criticism, saying he had not been contacted by any authorities regarding the issue.

He also insisted that the platform itself does not facilitate money laundering, explaining that once the ETH is swapped for Bitcoin
BTC


$84,633.99

, it typically ends up on centralized exchanges where it is converted into traditional currency.

Recently, eXch, a cryptocurrency exchange, rejected claims that it helped launder money stolen in the Bybit hack. What did the exchange say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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