I thought this crypto story was bad enough but it just got worse.. (opens in new tab)

forums.anandtech.com·11w·Open original (opens in new tab)

A man escaped a $30,000 apartment in Manhattan where he was held prisoner for his crypto currency.

The NYPD cops helped him and found his captor.. but apparently there was a 2nd person involved:

Today’s news.

So the NYPD ran private security for the guys who arranged to hold him prisoner???

Crypto currency is fast becoming something to get killed over.. and it’s based on speculative value?

Unless you are making money on grifting, or money laundering, Crypto schemes are best avoided.

If you have wealth why would you keep it in crypto? You decide to keep it off the exchanges because you can’t trust them, and keeping it local it’s like keeping millions of dollars in your home.

It just seems like stress either way.

Call me crazy, but I keep my money in a bank, and I don’t worry that the bank is going to steal my money, or that someone will torture me for my bank card pin...

Don’t worry the Deputy Director of the DOJ has got this covered.

An ethics watchdog group filed a complaint Thursday seeking an investigation into whether President Donald Trump’s criminal defense attorney — now the No. 2 at the Justice Department — broke federal conflict-of-interest law when he issued a new prosecution policy that benefits the cryptocurrency industry.

The complaint comes after a ProPublica investigation revealed last month that Todd Blanche owned at least $159,000 worth of crypto-related assets when he ordered an end to investigations into crypto companies, dealers and exchanges launched during President Joe Biden’s term. Blanche, the deputy attorney general, issued the order in an April memo in which he also eliminated an enforcement team dedicated to looking for crypto-related fraud and money-laundering schemes.

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