CoinDesk Podcast Network
COINDESK DAILY: Will Mayor Adams Join Sam Bankman-Fried and Diddy in Prison?; Crypto Hacks in Q3
Sep 26, 2024
New York City Mayor Eric Adams, currently facing indictment, sparks intrigue about potential prison time alongside high-profile figures like Sam Bankman-Fried and Sean 'Diddy' Combs. The conversation dives into the implications of this legal turmoil for Adams and the crypto landscape. Additionally, a report from Immunefi unveils alarming details about Q3 crypto hacks, highlighting significant losses across exchanges but also a trend of decreasing overall losses compared to previous years.
02:12
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Quick takeaways
- Speculation surrounds the potential incarceration of Mayor Eric Adams with infamous figures like Sam Bankman-Fried, highlighting intersections of crime and politics.
- Immunefi's report shows a significant drop in crypto hack losses in Q3, though vulnerabilities persist as evidenced by Wazir X's $235 million breach.
Deep dives
Potential Jailhouse Dynamic
Speculation surrounds a possible unusual situation in a Brooklyn detention center where high-profile figures, including Sam Bankman-Fried and Sean Diddy Combs, could be joined by New York Mayor Eric Adams, who faces federal corruption charges. The proximity of these notable personalities raises eyebrows not only due to their legal troubles but also because of their previous connections, as Adams has had interactions with Bankman-Fried prior to the latter's exchange collapse. Known for his affiliation with cryptocurrencies, Adams even received his first paycheck as mayor in Bitcoin and Ether, further linking him to the crypto community. This unlikely scenario underscores how crime and politics can intertwine in unexpected ways.
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