wire – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 15 Mar 2025 15:59:48 +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 wire – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 $2 Million Crypto Fraud: AML Bitcoin Creator Guilty of Wire Fraud https://earlybirdsinvest.com/2-million-crypto-fraud-aml-bitcoin-creator-guilty-of-wire-fraud/ https://earlybirdsinvest.com/2-million-crypto-fraud-aml-bitcoin-creator-guilty-of-wire-fraud/#respond Sat, 15 Mar 2025 15:59:48 +0000 https://earlybirdsinvest.com/2-million-crypto-fraud-aml-bitcoin-creator-guilty-of-wire-fraud/

The founder of AML Bitcoin (ABTC), Rowland Marcus Andrade, has been found guilty of wire fraud and money laundering.

A jury in the US District Court for the Northern District of California reached the verdict on March 12, convicting him of two felony charges related to misleading investors.

Andrade promoted AML Bitcoin as a cryptocurrency that would comply with the Anti-Money Laundering (AML) and Know Your Customer (KYC) rules. However, the token never launched.

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Between 2017 and 2018, investors contributed more than $2 million through an initial coin offering (ICO). Instead of using the funds for the project, Andrade spent the money on real estate and luxury vehicles.

Prosecutors argued that Andrade deceived investors with false claims, including one that the Panama Canal Authority was close to approving AML Bitcoin for use in ship transactions. The US Department of Justice pointed to this as one of several misleading statements used to encourage investment.

Andrade has remained out on a $75,000 bond since 2020 but faces serious penalties at his upcoming sentencing hearing on July 22. He could receive up to 20 years in prison for wire fraud and up to 10 years for money laundering.

Linda Nguyen, Special Agent in Charge at the IRS Criminal Investigation Oakland Field Office, criticized Andrade’s actions, saying:

Mr. Andrade’s outrageous lies lured and scammed individuals into investing their hard-earned money into a new cryptocurrency with fabricated features.

On February 26, US authorities took Aleksei Andriunin, the founder of Gotbit, a crypto “market maker” company, into custody. What happened? Read the full story.

Aaron S. Editor-In-Chief

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.
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]]> https://earlybirdsinvest.com/2-million-crypto-fraud-aml-bitcoin-creator-guilty-of-wire-fraud/feed/ 0 25300 The best way to add your own wire message to your LDK https://earlybirdsinvest.com/the-best-way-to-add-your-own-wire-message-to-your-ldk/ https://earlybirdsinvest.com/the-best-way-to-add-your-own-wire-message-to-your-ldk/#respond Mon, 10 Mar 2025 16:23:06 +0000 https://earlybirdsinvest.com/the-best-way-to-add-your-own-wire-message-to-your-ldk/

I think it has to be implemented Readable and Writable For wire messages (+other things) in Rust-Lightning/Lightning/SRC/LN/MSGS.RS#L3673-L3698.

However, I did not make any difference using existing use ( WarningMessage (For example):

impl Writeable for WarningMessage {
    fn write(&self, w: &mut W) -> Result<(), io::Error> {
        self.channel_id.write(w)?;
        (self.data.len() as u16).write(w)?;
        w.write_all(self.data.as_bytes())?;
        Ok(())
    }
}

impl Readable for WarningMessage {
    fn read(r: &mut R) -> Result {
        Ok(Self {
            channel_id: Readable::read(r)?,
            data: {
                let sz: usize = ::read(r)? as usize;
                let mut data = Vec::with_capacity(sz);
                data.resize(sz, 0);
                r.read_exact(&mut data)?;
                match String::from_utf8(data) {
                    Ok(s) => s,
                    Err(_) => return Err(DecodeError::InvalidValue),
                }
            }
        })
    }
}

and:

impl_writeable_msg!(WarningMessage, {
    channel_id,
    data,
}, {});

Both pass the test.

cargo test --package lightning --lib -- ln::msgs::tests::encoding_warning --exact --show-output

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