Man Jailed After Stealing $2.5M of IOTA from Over 100 Investors [ Crypto Espresso 1.30.22 ]

It's Monday which can mean only one Thing well all right I guess it could Mean that and that okay Monday can mean A lot of things but one of those things Is that it's your first crypto espresso Episode of the week because I am your Host Andrew and this is crypto espresso Your teeny tiny daily shot of Kevin Needed crypto headlines first up a judge Has been asked to tighten Sam bankman Freed's bail conditions amid allegations That he could be trying to tamper with Witnesses in a letter addressed to judge Lewis Kaplan the U.S Department of Justice revealed that SBF reached out to The current general counsel of FTX us Via email and Signal part of sbf's Message said I would really love to Reconnect and see if there's a way for Us to have a constructive relationship Use each other as resources when Possible or at least vet things with Each other prosecutors say this is Problematic because Sam bankman freed Could end up communicating with people Who will later be called upon to give Evidence in a trial meanwhile sbf's Lawyer has denied that this friendly Check-in is witness tampering a law firm That's playing in instrumental role in The FTX bankruptcy is set to make Millions of dollars during the Restructuring process at least according To Bloomberg law the report says

Sullivan and Cromwell has more than 150 People working on the case and 30 of Them charge over two thousand dollars Per hour Associates meanwhile are paid a Minimum of eight hundred and ten dollars Per hour experts believe the total bill Could extend to many hundreds of Millions of dollars eating into the Funds that FTX customers will eventually Receive hopefully speaking to the news Outlet Temple University law professor Jonathan Lipson put it this way the Important question is never are the Lawyers charging a lot it's is it worth It if they can recover a lot of money Then it's probably worth it and finally Short episode today a man has been Jailed after stealing more than 2.5 Million dollars worth of Iota tokens From unsuspecting investors weibo Wiersma a Dutchman living in the United Kingdom had established a website called Iota seed dot IO which apparently Allowed people to generate a secure seed Phrase but a five-year investigation Found that these seed phrases were not At all chosen at random and because they Were predetermined users soon saw Iota Stolen from their accounts more than 100 Victims have been identified with some Losing their life savings businesses and Inheritances in Oxford Crown Court he Was sentenced to four and a half years Behind bars efforts are now underway to

Recover the stolen Yoda and return it to The rightful owners and if you dear Viewer have an iota of benevolence you Should go ahead and like this video Subscribe to our YouTube channel and Click on that little bell icon to get Buzzed whenever new crypto espresso Video goes live and that's because we Here at crypto espresso appreciate when Folks engage with our videos speaking of Engagement what'd you think about Today's episode well don't tell anybody In fact you can even if you wanted to Because we still have no comment section Thanks Bots questions about crypto in General or today's episode why not ask Alex in that description below Alex is a Great resource for all things web 3 and The medicine that about does it for Today again I I've been your host Andrew These have been your headlines and we'll See all of your beautiful shining faces Tomorrow