Shiba Inu’s Mysterious Founder Ryo Suzuki Explored

In a captivating series of tweets, TruthLabs (@BoringSleuth) has unveiled new details that could potentially identify the enigmatic founders of Shiba Inu ($SHIB). The tweets, dated August 31, 2023, disclose Suzuki’s connections to MIT’s Media Lab, a Microsoft internship, his advisory role and subsequent resignation from B2C2 Group, and a surprising link to Ethereum co-founder Vitalik Buterin.

The Shiba Inu project was anonymously launched in August 2020 by an individual using the alias “Ryoshi.” In statements about his own identity, Ryoshi has claimed to be an unimportant and inconsequential figure, suggesting that any attempts to reveal his true identity would ultimately prove to be unremarkable. Shiba Inu has emerged as one of the leading meme-based cryptocurrencies, having a global fan base that spans millions.

Advisors to B2C2 Group: Ryo Suzuki and Tsuyoshi Maruyama

The tweet from TruthLabs speculates that the anonymous founder “Ryoshi” could be a combination of two individuals: Ryo Suzuki and Tsuyoshi Maruyama. Both have served as advisors to B2C2 Group, a significant detail that adds a new layer to the ongoing mystery surrounding Shiba Inu’s creation. Ryo Suzuki notably resigned from his advisory role on April 27, 2021.

MIT Media Lab and High-Profile Associations

The Massachusetts Institute of Technology’s Media Lab has associations with high-profile individuals like Gary Gensler, Jeffrey Epstein, Caroline Ellison’s father and Bill Gates. Although the tweet lacks details about the purpose of Suzuki’s visit to the lab, it prompts speculation regarding possible partnerships or influences that could have contributed to the development of Shiba Inu.

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Source: Twitter

Microsoft Internship and Shiba Inu’s Launch

Ryo Suzuki was an intern at Microsoft during the time Shiba Inu was launched, adding another layer of complexity to the narrative surrounding the cryptocurrency’s origins.

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Source: Twitter

Advisory Role and Resignation from B2C2 Group

Ryo Suzuki and Tsuyoshi Maruyama were both advisors to B2C2 Group. Intriguingly, Suzuki resigned from his advisory role on April 27, 2021, a detail that adds further depth to the ongoing discussions about his identity and involvement in the Shiba Inu project. 

Vitalik Buterin’s Involvement

A follow-up tweet from TruthLabs revealed that Vitalik Buterin was gifted half of the Shiba Inu supply. “In 2018, the first outbound ETH the Shib deployer sent made its way to a personal wallet where Vitalik also sent ETH,” the tweet stated, suggesting a deeper connection between Shiba Inu and Ethereum.

Conclusion

The tweet thread from TruthLabs introduces fresh angles to the existing discourse about the elusive creator of Shiba Inu. As this information circulates within the cryptocurrency community, it remains to be seen whether additional revelations will come to light, further illuminating the mysterious individual behind high-profile Shiba Inu.

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FTX Founder Allegedly Sought Federal Regulation Before Collapse

FTX was one of the most important cryptocurrency exchanges prior to its failure, which coincided with the creator and CEO, Sam Bankman-Fried, resigning from his position. The platform’s image, on the other hand, was damaged by charges of the theft of cash belonging to its users. Despite this, it was revealed that Bankman-Fried was attempting to have FTX subject to government regulation in an email exchange from May of 2022 that was stolen.

According to the Washington Examiner, Bankman-Fried contacted Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), in May 2022 and invited him to a meeting on June 13, 2022. This communication was made possible by Mark Wetjen, a former commissioner of the Commodities Futures Trading Commission (CFTC) who had only just started working for FTX US in the role of head of policy and regulatory strategy.

Based on the flow of emails, it was clear that Bankman-Fried was attempting to “promote discourse” and “starting examining” the prospect of FDIC regulation for FTX. This action was probably taken as a reaction to the rising regulatory scrutiny that bitcoin exchanges in the United States are now under. On the other hand, it is not known whether or not the meeting with Gruenberg actually took place, nor can it be established whether or not FTX was successful in its attempt to get federal regulation.

The failure of FTX in November 2022 may be attributed to a number of issues, including claims of fraudulent activity and poor management. In the wake of the collapse, Bankman-Fried stepped down from his position as CEO, although he continues to be a significant role in the bitcoin sector. Bankman-attempts Fried’s to seek government regulation for the exchange may have been a symptom of his intention to establish FTX as a reputable and trustworthy platform, notwithstanding the controversy that surrounds FTX.

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Jeremy Allaire, co-founder and CEO of Circle, stated “the new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH, and FedWire, and stablecoins … as electronic stored value.”

Jeremy Allaire, co-founder and CEO of Circle, stated “the new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH, and FedWire, and stablecoins … as electronic stored value.”

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Huobi Co-founder Du Jun’s stated that Huobi will invest in 50 Huobi HECO-Chain projects and list 30. The only assessment criterion is that the data on the chain meets the standard. HECO is a public chain that Huobi imitates ETH, similar to Binance Smart Chain.

Huobi Co-founder Du Jun’s stated that Huobi will invest in 50 Huobi HECO-Chain projects and list 30. The only assessment criterion is that the data on the chain meets the standard. HECO is a public chain that Huobi imitates ETH, similar to Binance Smart Chain. https://t.co/T0lXpL2Knv

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OKEx founder Star Xu posted the first Weibo (ChineseTwitter) after his freedom was restored, which is a blogger’s apology. Xu was investigated in mid-October and emptied his Weibo. In December, Xu returned to work freely.

OKEx founder Star Xu posted the first Weibo (ChineseTwitter) after his freedom was restored, which is a blogger’s apology. Xu was investigated in mid-October and emptied his Weibo. In December, Xu returned to work freely. https://t.co/PL7hf17Srv

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Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC

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Bitgrail’s founder contributed to $150M loss, Italian authorities allege

Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the 2018 hack of the platform that resulte in the loss of $150 million.

Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from the exchange.

According to a Dec. 21 announcement by the Postal and Communications Police — a cybercrime unit of the State Police of Italy — Firano kept the platform intact for months despite having identified a major security breach involving Nano cryptocurrency:

“In keeping the platform open, despite having identified illicit withdrawals of Nano coins, and not informing the Nano team […] FF continued to attract new users, who rose from 70,000 to about 217,000 within a few months, benefiting from the notoriety of being the first and only Italian exchange to deal with [Nano].”

Firano subsequently denied allegations by the police, claiming that the authorities provided false information about the matter. “The postal police went into hiding instead of correcting the articles, Firano argued on Twitter. The executive also noted that he was not arrested by the police.

The announcement seems to indicate that Firano withdrew 230 Bitcoin (BTC), worth 1.7 million euro, or about $1.9 million, at the time, just three days before reporting the larger theft of Nano that occurred in prior months. The BTC was traced to a company in Malta called The Rock Trading, allegedly owned by Firano. While the authorities noted that there were attempts to convert the money, the majority of the funds remained in the company’s accounts. Authorities have stated that the actual hackers who stole the Nano remain unidentified. In a preliminary injunction, Firano was barred from holding managerial positions or conducting business activities, but his liberty of movement is otherwise not restricted.

The latest news follows years of controversy around Bitgrail’s hack — one of the largest hacking incidents in Italy. In February 2018, Firano officially announced that 17 million Nano, formerly known as Raiblocks, was stolen in a hack. Nano developers subsequently provided an official comment showing that Firano asked for the altcoin’s ledger to be altered the next day after reporting the hack.

In January 2018, the Italian Bankruptcy Court sentenced Firano to return as much of the assets as possible to his customers after local authorities seized more than $1 million in his personal assets.

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