San Francisco crypto founder faked his own death

Comments

• 11111one11111@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Fuck I thought from the title it was an answer to the identy of the creator of bitcoin who is often credited as being the creator of the whole cryptocurrency concept, Satoshi Nakamoto. Not a story about a douche who created another useless crypto coin.

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  • sp3ctr4l@lemmy.dbzer0.com ⁨10⁩ ⁨months⁩ ago

    My head canon is that Satoshi Nakamoto…

    … is Hideo Kojima.

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  • untakenusername@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

    I think satoshis dead ngl

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• simplejack@lemmy.world ⁨10⁩ ⁨months⁩ ago

  Fake money, fake death, real douche.

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  • Lost_My_Mind@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Sounds like a tagline for a commercial. I just have no idea what it would be selling.

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    • sp3ctr4l@lemmy.dbzer0.com ⁨10⁩ ⁨months⁩ ago

      An all inuclusive, vacation get-away trip.

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• sbv@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

  Dressed in a T-shirt, shorts, flip-flops, and wire-rimmed glasses, Yu declined to talk about the false report of his death or how he may have benefited financially from it.

  “You can see the PTSD in my eyes, right?” he said before telling this reporter to leave.

  That epitaph should be etched onto his gravestone.

  Although the obituary touted his alleged successes, the more significant self-tribute was Sunday’s release of a memecoin that one of his social media accounts promoted in what claimed to be an automated message. “If you’re reading this, it’s because my 72 hour deadman’s switch triggered so i’m not here, at least physically,” the message said. The message described the new coin, dubbed $LLJEFFY, as “my final art piece” and “an eternal grave in cyberspace.”

  Who doesn’t have a deadman’s switch to capitalize on one’s own death?

  On-chain analysis shared on social media by Bubblemaps, a crypto analytics platform, showed accounts linked to Yu moving up to $1.4 million in cryptocurrency after his supposed death. Several accounts accused Yu of orchestrating an elaborate “pseudocide exit strategy” to cash out his holdings.

  So gifted! So capable! Such a deep understanding of the technology!

  …

  Before his staged death, Yu published a manifesto introducing the concept of “legacoins” — described as an “evolution of digital assets commonly referred to as memecoins” that function as “a vault or storage, securing and preserving value indefinitely.”

  What an incredible coincidence!

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  • sp3ctr4l@lemmy.dbzer0.com ⁨10⁩ ⁨months⁩ ago

    How is a legacoin different from … just being a fancy NFT?

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  • Telorand@reddthat.com ⁨10⁩ ⁨months⁩ ago

    So gifted! So capable! Such a deep understanding of the technology!

    In a sense, he kinda does have a deep understanding. He knows how the grift works and knows how to trick people into giving him money for a little acting.

    Sometimes, I wonder what my life would have been like had even just dabbled in Bitcoin at the beginning, but then I remember that I would have to have been rubbing elbows with these weirdos.

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