Ben – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 23 Aug 2025 05:31:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Ben – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ben Waxman to Block Politicians From Crypto Trading in Pennsylvania https://earlybirdsinvest.com/ben-waxman-to-block-politicians-from-crypto-trading-in-pennsylvania/ https://earlybirdsinvest.com/ben-waxman-to-block-politicians-from-crypto-trading-in-pennsylvania/#respond Sat, 23 Aug 2025 05:31:33 +0000 https://earlybirdsinvest.com/ben-waxman-to-block-politicians-from-crypto-trading-in-pennsylvania/

A Democratic representative for District 182 in Pennsylvania, Ben Waxman, has introduced a bill to stop public officials from profiting from cryptocurrency while in office.

The legislation, HB1812, was introduced with eight Democratic co-sponsors. If the measure becomes law, it would update state statutes to block elected officials and their immediate families from crypto transactions over $1,000 while serving and for a year after leaving office.

It also requires them to sell any current holdings within 90 days of the law taking effect.

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The proposal carries strict consequences. Violations could bring fines of up to $50,000, and in some cases, prison sentences of as long as five years.

Waxman explained:

In Pennsylvania, no public official should be allowed to use their office to enrich themselves through cryptocurrency schemes.

He added, “That’s why I’m introducing legislation to prohibit elected officials from profiting off cryptocurrency while in office. This includes launching, promoting, or trading in coins where they hold a personal financial interest”.

Waxman pointed to President Donald Trump’s involvement in the Official Trump meme coin and accused him of supporting policies that weaken federal oversight of the crypto sector.

By covering family members as well as officials, the bill aims to prevent indirect profits. It also sets clear deadlines with both a 90-day divestment rule and a one-year cooling-off period after leaving office.

Recently, Wisconsin legislators proposed a bill, Senate Bill 386, to address scams linked to cryptocurrency kiosks. What does the bill cover? Read the full story.


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Jesse Watters and Ben Shapiro don’t know that Superman has been a socialist since 1938. https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/ https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/#respond Mon, 21 Jul 2025 01:18:53 +0000 https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/

In a recent interview with The Times, Superman director James Gunn said that his new blockbuster tells the story of “an immigrant.” He also explained it was a story about “basic human kindness.” But that first comment — about Superman’s foreign origins — is the one that set off some pundits on the right.

Fox News commentator Jesse Watters joked on air: “You know what it says on his cape? MS-13.” Ben Shapiro blasted Gunn and the Hollywood left for being out of touch with everyday American audiences: “The reality [is] that Hollywood is so far to the left that they cannot take a core piece of Americana and just say it’s about America.”

But, Grant Morrison — author of the seminal comic book series All-Star Superman — said the conservative backlash ignores the leftist origins of the world’s most famous superhero.

Not only was Superman created by the sons of Jewish immigrants, but those very first comics portrayed their character as a “socialist figure.”

In one comic published in 1939, Superman is seen shielding young thieves from police because he figured the kids were victims of poverty, then tearing down slums and forcing authorities to build low-rent housing. Before becoming the “Man of Steel,” Superman was “The Champion of the Oppressed.”

Gunn has said that All-Star Superman was a big influence on his new film. Morrison sat down with Today, Explained host Sean Rameswaram to talk about where Superman came from, how the character has evolved, and why he will endure.

Below is an excerpt of their conversation, edited for length and clarity. There’s much more in the full podcast, so listen to Today, Explained wherever you get podcasts, including Apple Podcasts, Pandora, and Spotify.

How did you get into Superman? What did this character mean to you?

I grew up on the west coast of Scotland next to an American naval and nuclear base. My parents were anti-nuclear activists. My father was a World War II soldier who became a peacenik. So, my big fear in the world was the atom bomb, and I associated it with the Americans, but the Americans also brought the comics.

Then I discovered Superman. And although I knew no real Superman was coming to save me from an actual atom bomb, metaphorically he really solved a lot of problems for my head when I was a little kid.

Those are the primal roots for me, and they’re quite deep. So yeah, getting a chance to do that character, sitting here overlooking that same stretch of water where we did the protests…To write All-Star Superman kind of defies the forces of entropy. If anything survives in my career, it will be that one book.

Who was the Superman that you created in that series?

We went for an older Superman. The basic idea was: What if Superman was dying and he had a year to live? Basically, it’s a part of Lex Luthor’s scheme to send Superman to the sun, and the solar radiation overcharges Superman’s cells, so they begin to decay and die. Basically, Superman’s dying of cancer. What would this man do in the last 12 months of his life to leave the Earth a better place than he found it?

Were you surprised to find out that James Gunn wanted to relaunch this character and relaunch an entire cinematic universe with your story about a dying Superman?

James didn’t necessarily take the dying part. His is a younger Superman. But I think he certainly took the character as we decided to define it, and he saw something that he could work with. Instead of Superman having flaws, let’s present a fictional character who doesn’t have flaws. You know, he has problems of his own. He still can’t get the girl. He still works for a boss in an office, but he’s Superman. He’s a kind of everyman whose life happens at a much higher scale. He’s got an unruly dog, but his unruly dog can laser his own dinner and cook a steak. His unruly dog can fly through buildings, but he’s still dealing with an unruly dog.

In previous attempts people have asked: What would Superman be like if he was in the real world? Which to me is an absurd question. The only existence Superman has in the real world is as a comic book or movie character, and that’s where he is most useful and most functional, as far as I’m concerned. He’s a metaphor. He is an allegory. He stands for everything that is good in us.

It sounds like there have been at least some iterations of this character throughout his near-century of existence — from your dying version to this ideal version, to this all-powerful version. But I believe Superman even started as a bit of a tough guy, a headbasher, and maybe even a left-wing revolutionary. Can you tell us about the non-Kryptonian origins of this character, and how he came to be on Earth?

Well, he arrived in Cleveland, Ohio. He was created by two teenagers, Jerry Siegel and Joe Shuster, who’d met at school. Jerry was the writer and Joe was the artist. They wanted to work for newspapers. Newspaper syndication was the place to go for cartoons back then. They were working on this notion called “The Superman.” The original version was an evil bald guy who eventually became Lex Luthor in the Superman story. But after a few tries, they hit on this fabulous notion of: Let’s give him a wrestling costume with a cape so that we can track his movement across the panels, and make him very colorful so that he’s memorable.

The greatest addition to the design was to put his monogram on his chest so that the character’s entire identity was summed up in this very simple advertising motif that people can remember and people can also wear and partake in being Superman. It was created by two young kids who were the sons of immigrants — European immigrants, Jewish boys — and this was their vision.

Superman was a do-gooder. He was here to help people. He’d come from a distant world, but thought the only use for power and strength was to help the downtrodden and the oppressed. Early issues of Action Comics depict a Superman who’s very much an outlaw. He goes after corrupt union bosses. He goes after mine owners. He goes after politicians who are corrupt.

Superman later was seen as a messianic figure of hope, which I don’t really like, because I think he’s a fighter, he’s a scrapper. He gets into fights on behalf of the little guy. He gets bloodied up and he gets up again. You shoot him [with] a tank shell, and he gets up again.

Through the years, that changed quite radically. The socialist figure of the early years hit 1942 and suddenly it was war, and Superman became incredibly patriotic, and that’s where the “Truth, justice, and the American way” thing first appears.

Then, in the 1950s, Superman changes again completely. You’re dealing with guys coming home from the war, domestication, and living in suburbia. So Superman becomes a family drama, but on a titanic scale. He has friends from the future who visit and cause trouble. He has a cousin who survived the destruction of Krypton, he has a dog, and he has a monkey. So Superman then, to me, was probably at his peak, but he was representative of post-war masculinity trying to adjust to a world of relatives and not being married. Those stories were obsessed with the relationship with Lois [Lane].

In the 1960s, he becomes a cosmic seeker. He almost goes back to his roots, and we have stories where he is fighting for Native American land rights, he’s up against polluters, and very much back to the activist Superman. And so it goes. In the 1980s, he’s a yuppie. In the 1990s, they kill him in order to make it interesting, then bring it back as a soap opera set around the fictional newspaper, the Daily Planet. And into the 2000s, you get the work that I did.

It’s funny to hear you lay out this history in which Superman at one point is something of a socialist warrior, because all of these pundits who are mad about James Gunn saying that Superman’s an immigrant, if they really knew the history here, there’s so much more they could be mad about.

Absolutely. As you say, if anyone had bothered to look at the history of Superman, they’d see that he was always an immigrant created by immigrants. He represented that experience, but he was assimilated. I mean, he was an American. He’d been raised by American parents. So that was very important as well. And I think the combination of these two qualities is what maybe drives people mad, because they want it to be either one thing or another, but Superman’s trying to embody everyone.

It’s funny, a thing that we talk about the first half of the show is that depending on how tuned into the news you are, you can see a lot of what’s going on in the world today in this movie. But of course, this movie wasn’t made this week. It was made a year ago.
Yeah.
The meetings about this movie probably started five years ago. Do you think there’s something about the nature of Superman that makes him timeless?

I definitely believe that. I mean, we are talking about the history of Superman, which goes back to 1938. Superman has outlived his creators. He’s also outlived the people who took over from his creators, and the next generation of the people who took over from his creators.

Superman is more real than I am. He’s more real than most of us. He will outlive us all, and he’ll still have meaning to people in the future. People have even forgotten that his look was based on early 20th-century circus strongmen and wrestling outfits. So now it’s the template for the ideal superhero. And because he was the first, he’s got the best name, the most primal name. I absolutely think Superman will persist beyond even the next few generations. As long as the world stays together and there’s such a thing as culture, I think there’ll still be a Superman.

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27% of Bybit Hacked Funds Have ‘Gone Dark’ After Flowing Through Mixers and Bridges, According to CEO Ben Zhou https://earlybirdsinvest.com/27-of-bybit-hacked-funds-have-gone-dark-after-flowing-through-mixers-and-bridges-according-to-ceo-ben-zhou/ https://earlybirdsinvest.com/27-of-bybit-hacked-funds-have-gone-dark-after-flowing-through-mixers-and-bridges-according-to-ceo-ben-zhou/#respond Tue, 22 Apr 2025 14:38:46 +0000 https://earlybirdsinvest.com/27-of-bybit-hacked-funds-have-gone-dark-after-flowing-through-mixers-and-bridges-according-to-ceo-ben-zhou/

More than 27% of the roughly $1.4 billion worth of crypto stolen from Bybit earlier this year has “gone dark,” according to the digital asset exchange’s chief executive.

Ben Zhao notes in a new update on the social media platform X that 68.57% of the hacked funds remain traceable and 3.84% have been frozen.

Hackers looted Bybit in February for nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH), representing the largest crypto theft ever and possibly the biggest heist in world history.

The blockchain research firm Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major crypto platforms.

Zhao says the North Korean hackers have used crypto mixers and bridges to hide the stolen funds.

“After a certain amount of BTC was washed through Wasabi, a small portion of it entered CryptoMixer, Tornado Cash and Railgun. Then, multiple cross-chain and swap services were carried out through platforms such as Thorchain, eXch, Lombard, LiFi, Stargate, and SunSwap. Eventually, it entered OTC (over-the-counter) or P2P (peer-to-peer) fiat currency exchange services.”

One of the exchanges he mentioned, eXch, announced last week that it plans to close its doors in May after facing crypto-laundering allegations.

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Bybit CEO Ben Zhou: 88% of Stolen $1.4 Billion Remains Traceable https://earlybirdsinvest.com/bybit-ceo-ben-zhou-88-of-stolen-1-4-billion-remains-traceable/ https://earlybirdsinvest.com/bybit-ceo-ben-zhou-88-of-stolen-1-4-billion-remains-traceable/#respond Thu, 20 Mar 2025 22:38:53 +0000 https://earlybirdsinvest.com/bybit-ceo-ben-zhou-88-of-stolen-1-4-billion-remains-traceable/

Key Takeaways:

  • CEO shares fresh insight into crypto fund tracing.
  • Most stolen assets remain detectable on blockchain trails.
  • Criminals use mixing services to hide fund movements.
  • Recovery efforts involve coordinated work by security experts.
  • The case invites deeper review of digital asset security.

Bybit CEO Ben Zhou revealed on March 20 that 88.87% of the $1.4 billion stolen in the recent Bybit hack remained traceable, nearly a month after the security breach.

He noted that 7.59% of the funds had gone dark, while 3.54% had been frozen.

Zhou’s update follows ongoing efforts by the exchange and blockchain security firms to track and recover the stolen crypto assets.

Bybit Hack: Latest Developments on Stolen Funds

In a March 20 X post, Zhou shared the current status of the stolen funds, stating: “Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen.”

This update comes two weeks after Bybit’s initial report, which claimed that 77% of the stolen Ethereum was still traceable.

Blockchain security firms, including Arkham Intelligence, have identified North Korea’s Lazarus Group as the likely perpetrator of the attack.

In the weeks following the hack, the cybercriminals moved and swapped the funds in attempts to evade tracking.

Lazarus Group Tactics and Crypto Recovery Efforts

Security analysts report that it took the Lazarus Group just 10 days to launder all the stolen Bybit funds through THORChain, a decentralized cross-chain protocol.

Zhou added that 86.29% of the stolen funds—equivalent to 440,091 ETH (~$1.23 billion)—were converted into 12,836 BTC and spread across 9,117 wallets.

To conceal their tracks, the attackers primarily relied on Bitcoin mixers, including Wasabi, CryptoMixer, Railgun, and Tornado Cash.

Despite these laundering tactics, efforts to trace and recover the assets have continued across the crypto industry.

Blockchain security experts remain hopeful that a portion of the funds can still be frozen and recovered.

Recovery attempts have united 12 different organizations, including Mantle, Paraswap, and blockchain investigator ZachXBT.

Bybit’s dedicated website continues to monitor wallet movements and provide updates to its users and investigators.

The exchange also promised a 10% reward on funds successfully retrieved by white hat hackers and blockchain investigators.

So far, bounty hunters have earned $2.2 million USDT for their assistance.

Bybit Case Highlights Crypto Industry’s History of Recovering Stolen Funds

The Bybit case is not the first time the crypto industry has mobilized to recover stolen funds.

In 2023, Jump Crypto reclaimed $140 million in tokens after countering the Wormhole protocol attacker.

Similarly, in early 2024, the U.S. government recovered over $2.6 million linked to Lazarus Group hacks on Deribit and a digital casino.

A United Nations panel later reported that up to 40% of the stolen funds are funneled into North Korea’s weapons of mass destruction program.

The Lazarus Group’s ongoing cryptocurrency heists have raised global security concerns.

In September 2024, the FBI warned about the group’s cyber tactics and potential impact on the blockchain industry.

Frequently Asked Questions (FAQs)

How do blockchain tracing techniques identify illicit fund movements?

Blockchain tracing leverages ledger transparency and data analysis to follow fund transfers. Experts correlate wallet activity with known entities, forming trails that indicate misuse and reveal money flow patterns.

How do mixing services complicate crypto fund tracking?

Mixing services jumble transaction paths by blending funds from multiple users, making it harder to trace origins. They disrupt clear fund trails, forcing analysts to rely on patterns rather than direct links.

What broader effects does this incident have on digital asset security?

The incident sparks deeper examination of digital asset safeguards. It prompts experts to refine tracking techniques and improve system checks, urging a closer look at policy, technology, and collaborative oversight.

The post Bybit CEO Ben Zhou: 88% of Stolen $1.4 Billion Remains Traceable appeared first on Cryptonews.

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Ben Chow’s X Account Hijacked After Explosive Meme Coin Claims https://earlybirdsinvest.com/ben-chows-x-account-hijacked-after-explosive-meme-coin-claims/ https://earlybirdsinvest.com/ben-chows-x-account-hijacked-after-explosive-meme-coin-claims/#respond Wed, 12 Mar 2025 00:36:37 +0000 https://earlybirdsinvest.com/ben-chows-x-account-hijacked-after-explosive-meme-coin-claims/

Ben Chow, co-founder of Meteora, appears to have had his X account hacked after a post resurfaced concerns about several meme coins.

On March 11, a message was shared from his account, linking his departure from the project to the launch of meme coins, including Libra (LIBRA), Melania Meme (MELANIA), and Official Trump (TRUMP) tokens.

In response, Meteora’s official X account warned that Chow’s account had been compromised and advised users not to engage with the post or any links.

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The post accused DefiTuna founders Vlad Pozniakov and Dhirk of prioritizing profit over transparency, claiming they aimed to maximize gains from token launches, including MELANIA, Mates (MATES), and a Raydium-based release.

The message also stated that the meme coin industry was too exploitative for him to continue.

Among the claims in the post were screenshots of conversations between Hayden Davis, CEO of Kelsier Ventures, Gideon Davis, its COO, and Pozniakov. The messages suggested an effort to extract as much value as possible from the MATES token, with one participant reportedly stating, “Yeah, fellas, tbh, we are trying to max extract on this one”.

Reports later emerged that Meteora’s own account had also been accessed without authorization. Zen, the current CEO of Meteora, confirmed the breach but stated the team had regained control and was verifying security measures.

On February 26, hackers took over Pump.fun’s X account. What was their goal? 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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Bybit CEO Ben Zhou Slams Pi Network as Token Crashes 60% After Mainnet Launch https://earlybirdsinvest.com/bybit-ceo-ben-zhou-slams-pi-network-as-token-crashes-60-after-mainnet-launch/ https://earlybirdsinvest.com/bybit-ceo-ben-zhou-slams-pi-network-as-token-crashes-60-after-mainnet-launch/#respond Fri, 21 Feb 2025 09:13:18 +0000 https://earlybirdsinvest.com/bybit-ceo-ben-zhou-slams-pi-network-as-token-crashes-60-after-mainnet-launch/

Bybit CEO Ben Zhou has doubled down on his stance against Pi Network, calling it a scam and confirming that his exchange will not list its token. As Pi Network remains embroiled in controversy over its practices, tensions between Zhou and the project continue to intensify.

He has repeatedly challenged its legitimacy and has refused to engage with what he sees as a questionable operation.

No Plans to List Pi Coin

In a recent post on X, Bybit CEO strongly criticized Pi Network, pointing to a 2023 warning from Chinese police that labeled it a scam. Authorities highlighted how Pi Network allegedly targeted elderly individuals and exposed their personal data, leading to financial losses, including pensions.

Zhou also dismissed claims that Pi Network had refused a Bybit listing or that the exchange failed a Know Your Business (KYB) check, calling these accusations completely false. He challenged Pi Network to publicly address the multiple reports questioning its legitimacy instead of resorting to baseless attacks.

Zhou made it clear that Bybit had no intention of listing fraudulent projects while reaffirming his stance that Pi Network was a scam. He urged the project team to be transparent if they have nothing to hide.

“If the project is legitimate and straight up, then you should come forth and address these report so everyone can understand, but instead you choose to make up shit and do these childish attack with no ground.”

Pi Token Crashes 60%

Pi Network is a blockchain-based project designed to simplify mining through mobile phones. Unlike Bitcoin, which requires high-powered computing systems for mining, Pi Coin can be mined effortlessly via its mobile app without significantly affecting battery life. Created by Stanford graduates Nicolas Kokkalis and Dr. Chengdiao Fan, the Pi Network officially launched its mainnet on February 20th after years of development.

Leading exchanges such as Bitget, OKX, and MEXC quickly supported its native token, Pi Coin. Meanwhile, Binance announced a community vote for the listing of the token on the crypto exchange. However, despite this backing, Pi Coin experienced a sharp 60% drop in value over the past day. It was currently trading at $0.67.

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Meteora Co-Founder Ben Chow Steps Down After LIBRA Token Controversy https://earlybirdsinvest.com/meteora-co-founder-ben-chow-steps-down-after-libra-token-controversy/ https://earlybirdsinvest.com/meteora-co-founder-ben-chow-steps-down-after-libra-token-controversy/#respond Tue, 18 Feb 2025 15:46:36 +0000 https://earlybirdsinvest.com/meteora-co-founder-ben-chow-steps-down-after-libra-token-controversy/

Ben Chow, co-founder of the Solana-based crypto firm Meteora, has stepped down following accusations of insider trading.

The controversy stems from the LIBRA token’s decline—once linked to Argentine President Javier Milei, it lost over 90% of its value within hours of launch.

While Meteora’s role in the launch was limited to technical support, its involvement has raised concerns over the ethics of token launches.

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Meow, the pseudonymous co-founder of Meteora and the Jupiter exchange, confirmed Chow’s resignation on February 17, citing poor decision-making in recent months.

In response to the backlash, Meow emphasized that neither the company engaged in insider trading nor any financial misconduct. He also clarified that while talk of an “Argentina Coin” circulated in meme coin communities, Jupiter had no prior knowledge of its exact launch details.

Chow has not issued an official statement about his departure. However, he previously addressed the situation on X. Initially, he downplayed Meteora’s role, stating the platform merely provided a permissionless service that anyone could use.

He stated, “The LIBRA team used Meteora, which is a permission-less platform. We never had any access to the tokens or to Milei”. He also stressed that Meteora does not participate in decision-making for token launches.

Later, he revised his response, admitting there were valid concerns about Meteora’s involvement with LIBRA and similar projects. He also acknowledged his connection to Hayden Davis of Kelsier Ventures, a firm tied to the launches of the LIBRA, TRUMP, and MELANIA meme coins.

Meanwhile, Benjamin DeKraker, an xAI engineer, recently announced his resignation from the company. Why? 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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Kraken welcomes Ben Gray as Chief Justice Officer https://earlybirdsinvest.com/kraken-welcomes-ben-gray-as-chief-justice-officer/ https://earlybirdsinvest.com/kraken-welcomes-ben-gray-as-chief-justice-officer/#respond Tue, 18 Feb 2025 03:01:24 +0000 https://earlybirdsinvest.com/kraken-welcomes-ben-gray-as-chief-justice-officer/

In his new role, Ben Gray oversees our legal, compliance and enterprise risk management operations and guides the company through a rapidly evolving regulatory environment.

He will continue to maintain the highest standards of compliance and integrity as he further expands his geographic footprint and product portfolio. Ben will report directly to co-CEOS Arjun Sethi and David Ripley.

CO-CEO Arjun Sethi“Ben is a significant addition to our leadership teams to expand our business and drive innovation globally. As the industry continues to fight for clarity in regulations and consumer protection, we are committed to the general counsel and His deep experience as Chief Compliance Director makes him the ideal CLO for Kraken.”

CO-CEO David Ripley“Ben’s unique experiences are leveraging seamless execution and operational excellence across our global operating markets by adjusting legal, compliance and risk within this team. looking forward to it.”

Clo Ben Gray“We are honored to step into the role of CLO at Kraken, a company that was at the forefront of the cryptocurrency industry. Over the past year, we are moving towards clarity of regulations around the world. We have made great strides and 2025 is extremely important.”

“The most effective adaptors will be at the top without compromising on their ability to innovate and deliver the best possible client experience. Kraken is on a very good pace to take advantage of this opportunity. And we couldn’t be more excited to be involved in this next stage of growth in the crypto industry.”

Ben brings over 15 years of experience at the intersection of blockchain, crypto and legal compliance. His career spanned a variety of roles, ranging from serving as a financial regulator in the US federal government in the early days of Bitcoin to working as a regulatory lawyer.

He pioneered a compliance framework for consumer crypto products with Block (formerly Square) and led an innovative Stablecoin initiative at Paxos, including USDG Stablecoin, which was launched in a partnership with Kraken.

His unique background and leadership skills will help him continue to expand his global footprint while navigating regulatory changes in key markets such as Europe and the US.

Ben will replace Marco Santori, our CLO since 2020. Marco is committed to building a world-class legal team, representing crypto at the global stage, helping to tackle critical regulatory challenges and staying as an advisor.

These materials are for general information purposes only and are not investment advice or recommendations or solicitations to purchase, sell, bet or hold CryptoAssets or engage in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, timeliness, fitness or validity of such information, and therefore, errors, omissions, or any other such information. or damages arising from delays, injuries or display or use thereof. Kraken does not work to raise or lower the prices of certain CryptoAssets that become available. Some crypto products and markets are regulated, while others are not regulated. Anyway, Kraken may or may not need to be registered or permitted to provide specific products and services in each market, and will not be protected by government compensation and/or regulatory protection schemes. . The unpredictable nature of the crypto assets market can lead to loss of funds. Taxes may be paid for returns and/or increased value of crypto assets, and you must seek independent advice on your tax position. Geographical restrictions may apply. Please refer to the legal disclosures of each jurisdictionhere.

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