Telegram Founder Arrested, OpenSea’s Wells Notice, AI Music Streaming Fraud, and More

Sep 20, 2024

 

Block & Order hosts Kyle Lawrence and Moish Peltz dive into the shutdown of Friend.tech, the arrest of Telegram founder Pavel Durov, and an intriguing case of music streaming fraud using AI. They also discuss various SEC actions including charging Plutus Lending (Abra) with unregistered crypto offers and sales as well as OpenSea’s market share drop and the SEC’s surprising timing for a Wells Notice. It’s a rollercoaster of insights and debates you won’t want to miss!

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Chapter Markers:

0:00 Welcome to Block and Order

1:23 Friend.tech

6:42 AI Music Streaming Fraud

12:18 Abra

17:51 FTX

21:41 OpenSea

26:39 Telegram

32:04 Lightning Round (Solana ETFs, CFTC/Kalshi, Rhodium, ENSdomains on PayPal & Venmo, ENSdomains on PayPal & Venmo, Polymarket/debate, Trump crypto project)

Show Notes:

Friend.tech is shutting down:
https://www.dlnews.com/articles/defi/friend-tech-shuts-down-after-revenue-and-users-plummet/

North Carolina Musician Charged With Music Streaming Fraud Aided By Artificial Intelligence:
https://www.justice.gov/usao-sdny/pr/north-carolina-musician-charged-music-streaming-fraud-aided-artificial-intelligence

SEC Charges Abra with Unregistered Offers and Sales of Securities​:
https://www.sec.gov/newsroom/press-releases/2024-105

SEC warns FTX against paying creditors back in Stablecoins/crypto​:
https://www.theblock.co/post/314069/sec-warns-ftx-against-paying-creditors-back-in-stablecoins-other-crypto

OpenSea Gets ‘Wells Notice’ From SEC​:
https://www.coindesk.com/policy/2024/08/28/opensea-gets-wells-notice-from-sec-calling-nfts-sold-on-platform-securities/?utm_source=Sailthru&utm_medium=email&utm_campaign=The+Node%2C+Aug.+28%2C+2024&utm_term=The+Node

Telegram founder Durov arrested in France​:
https://finance.yahoo.com/news/telegram-messaging-app-ceo-pavel-212228927.html

Lightning Round:
SEC rejects Solana ETFs:
https://www.theblock.co/post/312031/the-sec-rejected-cboes-19b-4-filings-for-solana-etfs-source?utm_source=rss&utm_source=newsletter&utm_medium=rss&utm_medium=referral&utm_campaign=website

CFTC Order Blocking Kalshi Election Bets Overturned by Judge:
https://www.cftc.gov/PressRoom/SpeechesTestimony/mersingerstatement090424

Mining company Rhodium filed for Chapter 11 Bankruptcy:
https://www.dailydac.com/chapter-11-bankruptcy-alert-system/

ENS domains is now supported on @PayPal & @Venmo:
https://www.coindesk.com/tech/2024/09/10/paypal-venmo-to-accept-enss-human-readable-blockchain-names/

Harris-Trump debate ends without mention of crypto:
https://www.coindesk.com/markets/2024/09/10/trump-harris-debate-polymarket-shows-slim-odds-of-crypto-mention/

https://www.theblock.co/post/315735/harris-trump-debate-ends-without-crypto

Trump crypto project:
https://www.coindesk.com/business/2024/09/03/inside-the-trump-crypto-project-linked-to-a-2m-defi-hack-and-former-pick-up-artist/

 

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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.