Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

scandal

Bitcoin
GameFi Guides

$45M Bitcoin Scandal Triggers Yet Another Power Grab In Czech Republic

by admin June 19, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Czech Prime Minister Petr Fiala barely held on to power this week. His Civic Democratic Party faced a no‑confidence vote on June 18 after opposition parties seized on a $45 million Bitcoin donation that landed in the Ministry of Justice. The motion fell short by seven votes, leaving Fiala’s government intact but shaken.

Opposition United Over Bitcoin Gift

According to reports, ANO, SPD and the Pirates joined forces to challenge the government after Tomáš Jiřikovský, a convicted drug dealer and weapons offender, transferred 1 billion CZK (roughly 470 Bitcoin) to the justice ministry on May 27.

They sold the coins almost immediately, sparking questions about why law enforcement wasn’t involved first. The no‑confidence motion drew 94 votes in favor but needed 101 to pass. Debate ran for more than 24 hours in parliament, and tensions ran high as MPs traded accusations.

💰🇨🇿 Czech Gov’t Faces No-Confidence Vote Over Bitcoin Scandal

Opposition triggers a no-confidence vote after a $45M bitcoin payment from an ex-convict.

Though unlikely to pass, the move could hurt PM Fiala’s coalition ahead of October elections. pic.twitter.com/LAk6JLgwG1

— PiQ (@PiQSuite) June 12, 2025

Justice Minister Steps Down

Based on reports from České Noviny, Pavel Blažek resigned as justice minister on May 30 amid claims he knew about the donation before it arrived. His departure opened the door for Eva Decroix, sworn in on June 10 by President Petr Pavel, to lead the ministry.

Decroix has promised an independent probe and said her team will cooperate fully with investigators. She set a firm tone in her first statement, promising transparency and clear answers for a public eager to trust its leaders again.

BTCUSD trading at $105,107 on the 24-hour chart: TradingView

Crypto Concerns Grow Globally

This episode has tapped into broader worries about public officials and digital money. Similar issues have popped up elsewhere. US President Donald Trump has made headlines for profiting from a long list of crypto ventures.

Argentine President Javier Milei still faces questions over his role in the Libra token scandal. In each case, the mix of high‑value tokens and political office has stirred debate about ethics and oversight.

Image: Chainalysis

Next Moves For Government

Fiala admitted that mistakes were made and told supporters the gift “shook public confidence” in his party. He blamed the opposition for resorting to “dirt‑throwing” and “lies” on social media.

Still, critics say the probe must go beyond political finger‑pointing. If inquiries turn up illegal steps or cover‑ups, more resignations could follow—possibly changing the make‑up of Fiala’s slim majority. With parliamentary elections due in October, every move now will be watched closely.

Featured image from The Conversation, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





Source link

June 19, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

Bitcoin Scandal Fails to Topple Czech Government in No-Confidence Vote

by admin June 19, 2025



In brief

  • The Czech government has survived a no-confidence vote following a Bitcoin donation scandal.
  • Former Justice Minister Pavel Blazek accepted $45 million from a convicted darknet operator without verifying its origins.
  • Amid the fallout, the opposition party leads in polls ahead of national elections in October.

On Wednesday, the Czech Republic’s ruling coalition narrowly avoided collapse following a high-profile Bitcoin scandal that triggered a no-confidence vote in parliament two weeks ago.

Prime Minister Petr Fiala’s center-right coalition secured 98 votes against the motion on Tuesday, outnumbering 94 members of parliament who voted to bring down the government, a video from the parliament’s Chamber of Deputies archive shows.

What began as a Bitcoin donation quietly transferred from a convicted darknet drug trafficker’s wallet to a justice minister blew up into a storm and triggered a resignation, a criminal investigation, and nearly toppled the Czech government.

The latest vote was held among 192 members of parliament present, marking the fourth no-confidence challenge since the incumbent coalition took power in 2021.

The vote “went as expected and the government survived,” an automated translation of a statement from Fiala on X reads. Fiala claimed the opposition “used the meeting as always – to throw dirt, insults, and lies.”

The political storm centered on former Justice Minister Pavel Blazek, who accepted 468 Bitcoin, worth over $45 million at the time, from convicted darknet operator Tomas Jirikovsky. The Bitcoin in question had been previously confiscated and returned to Jirikovsky after a legal technicality.

Blazek’s justice department later sold the assets, allocating roughly 30% of the proceeds to the state. Critics argue that the move circumvented law enforcement, potentially allowing funds associated with oversight and illicit activity to be laundered.



To this, Fiala responded that he understood “concern in the public” over how the state “may have been abused” for legalizing income from criminal activities, according to a report from local media outlet Brno Daily at the time.

Blazek, a senior member of Fiala’s ODS party, stepped down on May 30 under mounting public and political pressure but maintained that he had done nothing illegal. 

His replacement, Eva Decroix, was sworn in on June 10 and has since ordered an independent audit of the transaction. Decroix pledged transparency and cooperation with ongoing law enforcement investigations.

While the government emerged intact from the no-confidence vote, the scandal has amplified criticism from opposition parties, particularly the populist ANO party led by billionaire Andrej Babis. Party officials accused the Fiala government of eroding public trust and mismanaging crypto oversight.

Ahead of parliamentary elections scheduled for October 3–4, ANO currently leads 32 to 20 against the Together (SPOLU) coalition, which includes Fiala’s ODS party, according to poll data.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

June 19, 2025 0 comments
0 FacebookTwitterPinterestEmail
Czech Government Survives No-Confidence Vote Amid Bitcoin Scandal
Crypto Trends

Czech Government Survives No-Confidence Vote Amid Bitcoin Scandal

by admin June 19, 2025



Czech Prime Minister Petr Fiala’s Civic Democratic Party withstood a fourth attempt to topple their government in three years — this time with opposition parties uniting against them over a $45 million Bitcoin scandal.

The scandal centers around a 1 billion Czech koruna ($45 million) Bitcoin (BTC) donation made to the Ministry of Justice on May 27 by Tomáš Jiřikovský, a man previously convicted of drug trafficking, weapons offenses, and embezzlement.

The no-confidence motion brought by Czech opposition parties ANO, SPD and the Pirates received only 94 votes, seven shy of the 101 needed to pass. The vote came after more than 24 hours of debate in Parliament, according to a report from České Noviny on Monday.

No-confidence votes are made when a person or opposition party believes the current leadership is no longer able to govern effectively.

While Fiala’s party survived the no-confidence vote, the controversy adds to growing concerns over how government officials are getting involved in crypto-related activities that may be conflicting with their duties.

Recent controversies include US President Donald Trump’s profiting from his long list of crypto ventures and Argentine President Javier Milei’s involvement in the Libra token scandal.

Czech PM admits mistakes were made

Fiala said the $45 million Bitcoin donation could have been prevented and acknowledged that the incident has shaken up public confidence in his party.

The Civic Democratic Party will “take responsibility for ethical misconduct,” Fiala said in a Czech-English translated statement from České Noviny’s report.

However, he accused the opposition parties of using the debate to “throw dirt, insults and lies” at his party in a post on X on Wednesday.

Máme za sebou další hlasování o nedůvěře vládě. Dopadlo podle očekávání a vláda hlasování ustála.

Opozice schůzi využila jako vždy – k házení špíny, k urážkám a ke lžím. Od Andreje Babiše jsme se zároveň dozvěděli, že vlastně žádné informace nechce a žádný audit ho nezajímá. V… pic.twitter.com/ogUqhLeizZ

— Petr Fiala (@P_Fiala) June 18, 2025

The other three no-confidence votes against the Civic Democratic Party spanned between September 2022 and October 2023, concerning issues related to energy, inflation and spying.

Newly appointed justice minister to probe the Bitcoin donation

The incident led to former Justice Minister Pavel Blažek’s resignation on May 30, while Finance Minister Zbyněk Stanjura is also facing pressure to resign amid claims that he knew of the donation.

On June 10, Czech President Petr Pavel swore in Eva Decroix as the new minister of justice, who promised to order an independent probe into the ministry’s actions.

Related: Bitcoin, crypto dip as Trump says Iran’s leader an ‘easy target’

She has since said that the Ministry of Justice, under her leadership, would “provide cooperation in the investigation of the donation case.”

Source: Eva Decroix

Details of the controversial Bitcoin donation

Jiřikovský offered the Ministry of Justice around a third of his crypto wallet — 1,561 Bitcoin — as a donation, authorized by a court ruling that returned his previously seized devices. 

However, Jiřikovský — who was sentenced in 2017 and released in 2021 — was also previously in control of another 3,855.15 Bitcoin tied to the illicit website Nucleus Market.

Tech expert Jiří Berger, who was in attendance when Jiřikovský opened the wallet with 1,561 Bitcoin, said that they cannot access the larger stash of 3,855.15 Bitcoin due to it being stored on older tech.

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks





Source link

June 19, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt Courses Complete
Crypto Trends

What is LIBRA? The Solana Meme Coin That Sparked a Political Scandal

by admin June 11, 2025



Argentina’s foray into cryptocurrency took a dramatic turn in February 2025 when President Javier Milei tweeted in support of LIBRA, a Solana-based meme coin. Within hours, LIBRA crashed nearly 90%, sparking accusations of fraud and calls for Milei’s impeachment.

Among the outside entities involved with the launch of LIBRA were Kelsier Ventures, headed by CEO Hayden Davis; KIP Protocol, led by CEO Julian Peh; and Solana-based platform Meteora, which had previously facilitated launches for both the Donald and Melania Trump meme coins.

Following LIBRA’s collapse, Argentina’s stock market dropped more than 5% at its opening on February 17, 2025. This article will examine LIBRA and the scandal surrounding the latest meme coin craze.

What is LIBRA?

The LIBRA token, created by the Viva La Libertad Project, was promoted as a funding tool for Argentina’s small businesses and innovative projects—an unusual use case for a meme coin, which are mostly driven by internet phenomena, celebrities, and humor.

“This private project will be dedicated to encouraging the growth of the Argentine economy by funding small Argentine businesses and startups,” Milei said in a since-deleted post that included the project website and contract address. Milei subsequently denied having any advance knowledge of the LIBRA project.

Image: X

LIBRA has a max supply of 1 billion tokens. According to the Libertad Project website, LIBRA token distribution would split 50% to Argentina Growth, 20% to Treasury, and 30% to Liquidity.

On February 17, 2025, the token reached an all-time high of $0.75, according to CoinGecko data. At the time, LIBRA’s market capitalization had reached $4.5 billion. Hours later, it sharply declined, triggering fraud investigations and impeachment calls against Milei.

In May 2025, Milei shuttered an investigative task force set up to look into potential wrongdoing on his part; a month later, the country’s anti-corruption unit cleared the president over his involvement with LIBRA, stating that he was acting in a personal capacity when tweeting about the project. As of June 2025, a federal criminal probe into the affair is still ongoing.

Did you know?

The Solana-based meme coin LIBRA, though it shares its name with the original moniker of Facebook’s abortive attempt at a digital currency (subsequently renamed Diem) has no affiliation with that project.

A short timeline of events: the LIBRA token scandal

On February 15, 2025, the Office of the President provided a timeline of early events related to the creation and launch of the LIBRA meme coin.

October 19, 2024 – Initial meeting with KIP Protocol

  • The Office of the President reported that President Javier Milei met with representatives of the KIP Protocol in Argentina.
  • The representatives informed Milei of their intention to develop a project called “Viva la Libertad” using blockchain technology to finance private ventures in Argentina.

January 30, 2025 – Meeting with Hayden Mark Davis

  • President Milei held a meeting at Casa Rosada with Hayden Mark Davis.
  • According to KIP Protocol representatives, Davis would provide the technological infrastructure for the project.
  • The Office of the President clarified that Davis had no prior connection with the Argentine government and was presented as a partner of KIP Protocol.

February 17, 2025 – The rise and fall of LIBRA

  • Milei promotes LIBRA: Argentina’s President Javier Milei announced the launch of the Solana-based meme coin LIBRA, which was promoted as a way to fund small businesses and startups.
  • Pre-Launch insider activity: According to a report by TRM Labs, 20 minutes before Milei’s announcement, an address received 1 million $LIBRA tokens and added them to a Meteora liquidity pool.
  • All-time high: LIBRA reached $0.75, giving it a market capitalization of $4.5 billion.
  • Rapid decline: The price crashed nearly 90% within hours, triggering accusations of fraud and a pump-and-dump scheme.
  • Liquidity withdrawals: Wallets linked to the LIBRA team withdrew $7.8 million in SOL, contributing to the price collapse.

February 18, 2025 – The fallout begins

  • Argentina’s stock market dropped more than 5% at the opening in Buenos Aires, adding to financial instability.
  • Milei deleted his post promoting LIBRA and denied prior knowledge of the project, as a judge was assigned to head a probe into fraud allegations.
  • Investors accused KIP Protocol and its CEO, Julian Peh, Kelsier Ventures and its CEO, Hayden Davis, Mauricio Novelli, and Manuel Godoy of the Tech Forum Argentina of wrongdoing in the LIBRA scandal.

Insider trading allegations

Experts suspect the LIBRA token collapsed due to insider activity. According to San Francisco-based analytics firm TRM Labs, 20 minutes before President Milei’s tweet, one address received 1 million LIBRA tokens, added them to a Meteora liquidity pool, and distributed more to other addresses that did the same.

Soon after, on-chain investigation firm Bubblemaps identified that wallets linked to the LIBRA team had withdrawn $87 million in SOL from the pool, gradually crashing LIBRA’s price.

In addition to allegations of fraud against Milei, investors accused KIP Protocol and its CEO, Julian Peh, Kelsier Ventures and its CEO, Hayden Davis, Mauricio Novelli, and Manuel Godoy of the Tech Forum Argentina of wrongdoing in the LIBRA scandal.

On February 17, 2025, Davis told Barstool Sports founder Dave Portnoy that Davis was “sitting on $100 million” following LIBRA’s launch—further fueling the controversy. Davis claimed he did not intend to run off with the money.

“It’s not mine,” Davis said. “It’s Argentina’s.”

That same day, on-chain analysis revealed that the Solana-based platform Meteora—known for creating the TRUMP and MELANIA meme coins—was also behind the LIBRA token. Following the collapse of LIBRA and emerging insider trading allegations, Meteora co-founder Ben Chow resigned.

A month later, Argentine lawyer Gregorio Dalbon formally sought Davis’ international detention; as of June 2025, Interpol has yet to approve a Red Notice.

In a tweet, Solana-based exchange Jupiter said that the launch of LIBRA had been an “open secret” in meme coin circles. The exchange said that it found no evidence of insider trading or “sniping” by its own team members following an internal investigation, adding that the company takes claims of insider trading “EXTREMELY seriously.”

On $LIBRA

Since the start, Jupiter has always placed a massive premium on transparency. The memecoin launch game is a dirty game with plenty of ugly behavior. We, however, have nothing to hide.

So here are the facts as clearly as we can say them.

A few members of the…

— Jupiter (🐱, 🐐) (@JupiterExchange) February 16, 2025

“The memecoin launch game is a dirty game with plenty of ugly behavior,” Jupiter wrote. “We, however, have nothing to hide.”

“We were completely unaware of the dealings between the principals, in this case Milei and the market makers, and were not involved in it in any way, shape, or form,” Jupiter added.

According to a report by Nansen, only 14% of LIBRA investors turned a profit, collectively making $180 million from the token’s launch, while 86% of those who invested in LIBRA lost $251 million.

Notably, per data from Nansen, two wallets that purchased $LIBRA at 22:01 UTC and sold by 22:44 UTC on February 14 collectively profited $5.4 million, with one wallet, HyzGo2, pocketing $5.1 million. Meanwhile, Barstool Sports Founder Dave Portnoy lost $6.3 million through investing in Libra but was later refunded $5 million.

This article was published in February 2025 and updated in June 2025.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

June 11, 2025 0 comments
0 FacebookTwitterPinterestEmail
LIBRA
Crypto Trends

LIBRA Scandal Resolution: Javier Milei’s Conduct Deemed Ethical By Anti-Corruption Office

by admin June 10, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Argentina’s President Javier Milei has been exonerated by the country’s Anti-Corruption Office regarding his involvement in the controversial LIBRA memecoin scandal, which resulted in significant financial losses for investors. 

The announcement, made by local media, indicates that the office found no legal violations in Milei’s promotion of the cryptocurrency earlier this year.

No Legal Breach Found

In a resolution released on Friday, the Anti-Corruption Office stated that Milei acted in his capacity as an economist rather than a public official when he endorsed the LIBRA cryptocurrency on social media platform X (previously Twitter) in February. 

According to the resolution, Milei’s personal account was established long before his presidency and was not linked to any official state actions related to the cryptocurrency.

The office, led by Alejandro Melik, who was appointed by Milei’s administration in December 2023, emphasized that no state procedures or contracts involving the LIBRA memecoin were identified. Notably, the Anti-Corruption Office initiated its investigation at Milei’s own request.

While the ruling clears Milei of wrongdoing, the case remains under investigation by courts in Argentina, the US, and Spain. In April, Argentina’s lower house voted to form a commission to probe the scandal, but the ruling party has stymied efforts to advance the investigation.

LIBRA Scandal Investigated

The LIBRA scandal erupted on February 14, when President Milei publicly endorsed the cryptocurrency, claiming it would strengthen the Argentine economy by supporting small businesses. 

His announcement included a “contract number” that allowed potential investors to locate the token, which was not listed on major exchanges. Initially, the value of LIBRA surged to over $5 but plummeted to nearly worthless within hours, leading to massive losses for thousands of investors.

Milei’s collaboration with Hayden Davis, the creator of the LIBRA memecoin, has drawn scrutiny. Reports indicate that Milei met with Davis multiple times prior to the token’s launch, facilitated by Argentine businessmen Mauricio Novelli and Manuel Terrones Godoy. 

These meetings raised concerns, particularly after Sergio Morales, a former advisor to Argentina’s National Securities Commission (CNV), resigned amid a prosecutor’s investigation into his possible involvement in the scandal.

The resolution from the Anti-Corruption Office includes numerous references to US Supreme Court cases and discusses the complexities of distinguishing between personal and institutional responsibilities. 

It concluded that while Milei occasionally referenced public policies on his personal account, he did so in a non-official capacity, as the account predates his governmental responsibilities.

The daily chart shows LIBRA’s price consolidation after its massive drop. Source: LIBRAUSDT on TradingView.com

As of now, the memecoin trades at $0.030, down over 96% from its all-time high reached on February 14. However, over the monthly time frame, the token has registered gains of 37%. 

Featured image from BBC, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

June 10, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

Czech Government Faces No-Confidence Vote Over $45M Bitcoin Scandal

by admin June 4, 2025



In brief

  • A Czech justice minister has resigned last week after accepting a $45 million Bitcoin donation from a convicted drug trafficker.
  • The opposition ANO party has called for a no-confidence vote in the government, citing its failure to vet the funds.
  • The scandal comes months ahead of national elections, with polls showing ANO leading the ruling coalition.

Czech opposition party ANO on Tuesday called for a no-confidence vote in the government following the resignation of Justice Minister Pavel Blazek, amid controversy over a Bitcoin donation from a convicted drug trafficker.

The donation, reportedly worth millions of dollars in Bitcoin, was made to the Czech government in March and has triggered widespread condemnation. Decrypt has contacted government officials for comment.

Blazek resigned Friday after facing political backlash from an alleged Bitcoin donation from Tomas Jirikovsky, who was convicted in 2017 for running Sheep Marketplace, a defunct dark web platform ostensibly involved in drug trafficking.

The donations in Bitcoin were sold for over $45 million at a public auction.

The minister denied any legal wrongdoing with his acceptance of the donation from Jirikovsky, before stepping down.

“This government should have immediately resigned,” Karel Havlicek, deputy chief of the populist ANO party, said on Czech national television, per a report from Reuters.

A no-confidence vote is a formal process in which parliament members decide whether they still support the government or its leader.

Dark web Bitcoin trail

At a press conference a day before he resigned, Blazek said he had “no way to investigate the matter” and wasn’t “interested so many years after the case,” as quoted in a report from Le Monde.

Blazek was referring to Jirikovsky’s arrest in March 2016 and conviction in 2017. After his release in 2021, Jirikovsky sought to recover 1,500 BTC that had been seized by authorities.

Jirikovsky’s own platform, Sheep Marketplace, was shut down after a 2013 heist tied to two Florida men, during which it lost 5,400 BTC.

Details of the donated Bitcoin’s dark web trail were first revealed in an investigative report from the Czech outlet Deník N.

During his trial, authorities reviewed the origins of the seized Bitcoin. Czech media at the time speculated about ties to other dark web markets, though no formal link to the Nucleus Marketplace—a separate platform shut down in 2016—was ever established.



In a separate event in March, a long-dormant wallet associated with Nucleus transferred roughly $77 million in Bitcoin after nearly a decade of inactivity.

The main wallet still holds about $406 million in Bitcoin, according to data tracked by Arkham Intelligence.

Slim majority at risk

Blazek’s departure comes as the governing Together (SPOLU) coalition, which includes ODS, lags behind the opposition at 19% to ANO’s 32%, according to poll data, with the country’s elections slated for October.

Blazek served as a veteran senior official in the centre-right Civic Democratic Party (ODS) of Czech Prime Minister Petr Fiala, according to government records.

“A lot of people will probably see Fiala as someone who is at least a suspect of sorts in all of this,” Jiří Pehe, director of New York University Prague, told Czech media platform Radio Prague.

“They will not believe that he, as a close friend and associate of Blažek, didn’t know about the whole affair,” Pehe added.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

June 4, 2025 0 comments
0 FacebookTwitterPinterestEmail
Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal
Crypto Trends

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

by admin June 1, 2025



Czech Justice Minister Pavel Blazek has stepped down following a scandal over his ministry’s sale of nearly $45 million worth of Bitcoin donated by a convicted drug trafficker.

The controversy erupted on May 28 after the ministry posted on X that it had raised close to 1 billion Czech koruna (approximately $45 million) by auctioning off nearly 500 Bitcoin (BTC).

The funds were earmarked for projects such as digitizing the justice system, combating drug use in prisons, and improving housing for prison staff.

However, Czech news outlet Denik N revealed that the cryptocurrency came from Tomas Jirikovsky, a convicted criminal behind Sheep Marketplace, a dark web platform notorious for selling illegal goods.

Source: Ministerstvo spravedlnosti ČR

Related: Czech to explore new assets, skips Bitcoin as $7B BTC reserve faces criticism

Czech minister accepts Bitcoin donation

In March, Jirikovsky’s lawyer approached Blazek, offering one-third of the Bitcoin as a donation to the Justice Ministry. Blazek accepted without probing the cryptocurrency’s origins.

“I have no way to investigate the matter, and I wasn’t interested so many years after the case,” he said at a Thursday press conference, suggesting the donation reflected Jirikovsky’s desire to “repent.”

However, public outcry grew over the transaction’s lack of due diligence. Opposition leaders labeled it a scandal, and police have now launched an investigation into the Bitcoin’s origins.

Jirikovsky was sentenced in 2017 for embezzlement, drug trafficking, and weapons violations. Since being released from prison in 2021, he has been seeking to reclaim 1,500 Bitcoin seized at the time of his arrest.

During his trial, Czech authorities suspected the funds were linked to Nucleus, another dark web marketplace shuttered just after Jirikovsky’s arrest. Despite this, he maintained the Bitcoin was acquired legally, which allowed him to retain it after serving his sentence.

Related: Czech National Bank governor to propose $7B Bitcoin reserve plan

Blazek resigns after mounting pressure

Facing mounting pressure and with legislative elections just four months away, Prime Minister Petr Fiala distanced himself from Blazek, a long-time political ally.

Subsequently, Blazek resigned on May 30. “I am not aware of any illegal action. However, I do not wish to damage the reputation of the government or the governing association,” he said in his statement.

Source: Pavel Blazek

On Feb. 6, Czech President Petr Pavel signed a “landmark” cryptocurrency legislation into law, providing Czechia with regulatory clarity on digital assets that are aligned with broader European Union laws. 

The new legislation simplifies crypto tax rules and implements the EU’s Markets in Crypto-Assets (MiCA) regulation “in a way that supports innovation and development of the entire industry.”

Magazine: China’s state-backed think tank considers Bitcoin reserve, Sony Bank goes Web3: Asia Express



Source link

June 1, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

Circle Freezes $58 Million Worth of USDC in Solana Wallets Tied to Libra Scandal

by admin May 29, 2025



In brief

  • USDC token accounts tied to the Libra team were frozen by stablecoin issuer, Circle.
  • The accounts held nearly $58 million worth of USDC, which is now immovable.
  • The Libra token launch ignited a political scandal which rocked Argentina and the cryptocurrency market in February.

The Libra meme coin scandal, which rocked the cryptocurrency market and global politics earlier this year because of its association with Argentine President Javier Milei, has taken another turn.

USDC accounts belonging to two wallets tied to the Libra meme coin team and token deployer were frozen on Tuesday, locking up nearly $58 million worth of stablecoins on Solana that can no longer be sold or transferred. 

The accounts, tagged as frozen on Solana block explorer Solscan, maintain $44.59 million and $13.06 million in USDC, a stablecoin issued by Circle that is pegged to the value of the U.S. dollar. 

ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLE

Two Libra accounts have just been frozen by Circle, including the Libra deployer wallet.

These accounts contained a combined $57M in USDC which is now immobile. pic.twitter.com/HpmaM5HwVJ

— Arkham (@arkham) May 28, 2025

Because the USDC stablecoin’s minting and issuance is controlled by Circle, the firm is able to freeze or “blacklist” tokens in accordance with its blacklisting policy. Major stablecoin issuers like Circle and Tether have been known to blacklist addresses when connected to major exploits, like the $1.4 billion hack of Bybit back in February.

Circle did not immediately respond to Decrypt’s request for comment. At the moment, it’s unclear who, exactly, requested the freeze, with multiple parties taking to X to claim credit.



Crypto-focused law firm Burwick Law said that the freeze is due to a temporary restraining order issued at its request. Meanwhile, Martin Romeo, a plaintiff in the Argentinian case around the Libra token, famously promoted by President Javier Milei, said the freeze resulted from a request from Argentina’s justice department. 

“Yesterday, a federal court in SDNY entered a temporary restraining order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at Circle, which you can now see confirmed on Solscan,” Max Burwick said in a statement shared with Decrypt. “We’ll return to court on June 9, 2025 for a preliminary injunction hearing to keep those assets frozen through the rest of this litigation.”

Burwick previously filed a class-action suit against Kelsier Ventures and Meteora, including some named executives from the parties, for their respective roles in the Libra token scandal.

The Solana-based Libra token, which President Milei promoted at launch on X in February, quickly shot up to a multi-billion-dollar market cap before plummeting nearly 90% shortly thereafter, leading to accusations of a pump-and-dump scheme as wallets connected to the token cashed out profits.

Later, President Milei was charged with fraud, and the government set up a task force to investigate the matter. That task force was scrapped last week.  

On Tuesday, Circle filed for its initial public offering (IPO) on the New York Stock Exchange, targeting a $6.7 billion valuation.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

May 29, 2025 0 comments
0 FacebookTwitterPinterestEmail
Copy Link
Esports

Will Penske cheating scandal overshadow IndyCar crown jewel?

by admin May 25, 2025


  • Ryan McGeeMay 23, 2025, 06:50 AM ET

    Close

    • Senior writer for ESPN The Magazine and ESPN.com
    • 2-time Sports Emmy winner
    • 2010, 2014 NMPA Writer of the Year

INDIANAPOLIS — History and controversy and 232-mph race cars and super angry people and a chance to see something that’s never happened in 108 previous tries and boiling over emotions and newcomers and veterans and … did we mention that folks are mad?

Redlining, in more ways than one

When the Indianapolis 500 rolls off Sunday afternoon, it will do so beneath a green flag and dark clouds, literal and figurative. Race week started with a full-blown post-qualifying mess, as the cars of 2018 Indy 500 winner Will Power and two-time defending champion Josef Newgarden, teammates at 20-time 500 winner Team Penske, were sent to the back of the 33-car field after a rules violation regarding the rear end attenuator, the bee stinger-like piece that serves essentially as an IndyCar’s backside bumper. The incident resulted in the firing of three top team executives.

During Thursday’s media day sessions, nearly every driver in the field was asked about the controversy, and the reactions largely fell into two topical buckets. The first, in the words of Scott Dixon, six-time IndyCar champ: “I look around and see all this young talent, all these veteran stars, and with the cooler weather I really do think it’s going to be a tremendous race on Sunday. And it’s a shame that instead of all of that, the conversation is about this.”

The second camp, to quote Scott McLaughlin, the third Penske racer and the only one not penalized: “It genuinely pisses me off that anyone would dare to question the integrity of [team owner] Roger Penske, whether it’s some of you in this room [the media] or our peers in the paddock. So, there will be extra motivation to win on Sunday. To shut that up.”

Penske doesn’t just own the cars of McLaughlin, Newgarden and Power, he also owns the Indianapolis Motor Speedway as well as the IndyCar Series itself. For the non-motorsports initiated, imagine this stick-and-ball scenario: Remember when Bud Selig was MLB commissioner? Well, imagine that he never handed over day-to-day operations of the team that he owned, the Milwaukee Brewers, to his family, which he did in real life. Now, imagine that the MLB commissioner Bud Selig-run Brewers won the World Series, but then were busted for stealing signs a la the Houston Astros of 2017.

While no one is going to compare a smoothed-over rear end attenuator to an elaborate secret camera/morse code-ish, yearslong sign-stealing system, the context comparison is valid. The man in charge of the integrity of the sport also being in charge of the team that seemed to thumb their noses at that integrity, that’s a bad look for everyone, on that team or not. And it’s their second big rules snafu in the past 13 months.

Winner of the past two Indy 500s, Josef Newgarden starts 32nd after his Penske team was caught in another cheating scandal. Penske Entertainment: Amber Pietz

The hope for everyone in IndyCar — certainly “The Captain,” the man who owns it all and has won this race more than anyone else — is that when the crowd, already announced as a grandstand sellout, arrives and when the audience tunes in to the event’s new broadcast partner, Fox taking over for NBC, that the positive energy will drown out the negative noise.

“There are two things that fix everything in racing,” said Graham Rahal, who will be making his 18th Indy 500 start, five more than his father, 1986 winner Bobby Rahal. “The energy from that grandstand and winning. We get a couple of hundred thousand people in here and get this race started, the conversation around all of this will change.”

Then an eavesdropping PR rep shouted in response, with a laugh, “That depends on who the winner is!”

No. 2 going for No. 3

The worse news for Newgarden is that, statistically speaking, his new starting spot would appear to make it impossible for him to do something that has never happened before: winning a third consecutive Indy 500. The odds were already against him. He is only fifth driver to win back-to-back and only the second of this century. The first three failed to finish their three-peat attempts, the past two — Al Unser in 1972 and Helio Castroneves in 2003 — both finished second.

• 1941: Wilbur Shaw — 18th, crash
• 1949: Mauri Rose — 13th, mechanical failure
• 1955: Bill Vukovich — 25th, fatal crash
• 1972: Al Unser — second behind Mark Donohue
• 2003: Helio Castroneves — second behind Team Penske teammate Gil de Ferran

Editor’s Picks

2 Related

Add that to Newgarden’s final row starting position and the math is bleak. The deepest starting position for a winner of this race is 28th. Ray Harroun did it in the inaugural event in 1911, fittingly in a car called the Marmon Wasp because it had a very long rear stinger of its own, and it was repeated in 1936 by Louis Meyer, the first time the winner drank milk (more on that later).

The better news for Newgarden is that today’s field of nearly identical cars and driver talent has made this a much more wide-open event than it used to be. For decades, it was a very big deal to have a 500 with more than a few lead changes. In 1993, there were a dozen different leaders and people lost their minds. In the past 10 races, there have been 11 or more leaders eight times. The past two 500s produced 52 and 48 lead changes, respectively, with Newgarden seizing the final lead during the final lap of both events.

“I will be a lot more surprised to not see [Newgarden] up with us at some point that I will be to see him,” said Dixon, who will make his own history Sunday when, starting fourth, he will surpass Mario Andretti for most IndyCar starts all time. “The nature of this race opens that door. And clearly, he knows his way around this place.”

Winners, wunderkinds and white hairs

Dixon and Newgarden are among the eight former Indy 500 winners in Sunday’s field, only two shy of the record set in 1992, joined by Castroneves, who seeks to become the first five-time winner, and two-time victor Takuma Sato, as well as Dixon’s fellow one-timers Power, Ryan Hunter-Reay, Alexander Rossi and Marcus Ericsson. Castroneves, who turned 50 years old on May 10, will become the 15th driver to start the race as a quinquagenarian and the first in 25 years. The oldest winner of the race was Unser, who was 47 years and 360 days when he took his fourth checkers in 1987.

On the flip side of the calendar, three kid racers have a chance to become the all-time youngest to kiss the bricks. Nolan Siegel, Kyffin Simpson and Louis Foster are 20, 20 and 21, respectively, and the youngest to win was Troy Ruttman, who was 22 years old when he tasted victory in 1952.

The oldest driver to start an Indy 500 is four-time winner A.J. Foyt, who was 57 in 1992. The youngest? A.J. Foyt IV, who turned 19 on May 25, 2003, which just happened to be race day.

Foster and Seigel are two of the three rookies in the field. If you’re looking for the third, cast your eyes to the front row. Robert Shwartzman — born in Israel, raised in Russia and a name Formula 1 fans might recognize after his years in the Ferrari development system — has never run an oval race, yet won the pole with a four-lap speed of 232.790 mph and became only the third rookie to win the Indy 500 pole on the racetrack and the first since Teo Fabi in 1983.

Robert Shwartzman starts from pole, becoming the first IndyCar rookie to do so since 1983. Penske Entertainment: Joe Skibinski

If you like numerological, mystical, magical kind of stuff, Shwartzman did it driving the No. 83 car, the first time that number has started No. 1 in this race. What’s more, his Prema Racing team is also a rookie, making its Indy 500 debut, having hired a lot of familiar Gasoline Alley faces for help, including another former Indy 500 pole sitter in Ryan Briscoe, who you may know as the husband of “SportsCenter” anchor Nicole Briscoe.

The fast and furious

The field average speed for the 33 drivers is 231.207 mph, the third fastest in Indy 500 history. The second fastest was one year ago at 231.943 mph. The fastest was two years ago, at a ludicrous speed level of 232.184 mph.

To make the inaugural race in 1911, cars were required to top 75 mph over a quarter-mile distance, and they were in. Fifty years later, Eddie Sachs won the 1961 pole at 147.481 mph. The first driver to top 200 mph was Tom Sneva, and he didn’t do that until 1977.

“It’s as much about how it feels as it is the actual speed,” said Tony Kanaan, the 2013 Indy 500 champion, who made his debut in 2002 and now serves as team principal for Arrow McLaren. “My last start was 2023, and on paper the speeds were similar to what we did my first year [he qualified at 230.253 mph] but now the entire field is going that fast and it’s crowded out there all the time, and the cars are very different. Visibly, you can see it. And I promise you that in the cockpit you can feel it!”

Double duty X 2

Kanaan and his Arrow McLaren coworkers will be thrashing on their four cars at Indy on Sunday morning, all while keeping an eye on their teammates in Monaco, as McLaren tries to keep their F1 championship-leading season rolling on the streets of Monte Carlo.

Then, after what they hope will be a post-Indy 500 victory celebration, they will all turn their eyes to NASCAR at Charlotte Motor Speedway, where Kyle Larson will have stepped out of his No. 17 Arrow McLaren IndyCar, sponsored by HendrickCars.com, and jetted south to drive his No. 5 Hendrick Motorsports Cup Series Chevy Camaro. It’s his second straight attempt at Memorial Day double duty, something that hasn’t been accomplished in more than a decade. Mother Nature tortured Larson one year ago. This year’s forecast looks much more favorable.

While his attempt was rained out a year ago, Kyle Larson will try to complete the Indy 500-Coke 600 on Sunday. Penske Entertainment: Karl Zemlin

“By this time last year, we were already like, ‘Oh man, this doesn’t look great,’ and this year looks way better,” Larson recalled of 2024. “But I’ve been racing long enough to know not to get too excited about weather reports until they become actual weather.”

‘Gimme that milk!’

We promised you milk info, and here we are.

Should Shwartzman become the 22nd racer to win the Indy 500 from the pole, he will slug down a jug of whole milk in the winner’s circle, and he’s not alone in his dairy decision. All 33 drivers have already made their milk selection known, should they win the race, and 28 of them have tabbed whole milk as their bovine beverage of choice. The other five have all gone with 2%, and none selected skim.

In years past, drivers have lobbied the American Dairy Association of Indiana to add chocolate, strawberry and buttermilk to the menu, but the basic trio of white makes up the complete list. Why buttermilk? Because that’s how this tradition began, when farm-raised Louis Meyer sought to cool off by asking for a bottle of buttermilk. Some very alert Indiana dairy executives saw the photo in the paper the next day and also saw a marketing opportunity.

By 1956, the milk jug became as much a part of the Greatest Spectacle in Racing as the Borg-Warner Trophy and singing “Back Home Again in Indiana.” Anyone in Indianapolis this weekend will see people from sports bars to tailgates guzzling beer, brown fermented juices and, yeah, sure, maybe milk too, from the iconic longneck fat-bottomed glass bottles.

The only pushback came in 1993, when Emerson Fittipaldi famously gulped OJ to promote his orange grove business back home in Brazil. Everyone else makes more like Arie Luyendyk, who desperately exclaimed “Gimme that goddamn milk!” live on ABC after his second Indy 500 win in 1997.

“It’s going to be pretty cool on race day this year,” two-time winner Sato said Thursday. “Normally it’s so hot here and we are so exhausted and sweaty after the race, I am not totally sure what temperature they keep that milk chilled, but it’s perfect. The greatest taste in the world.”



Source link

May 25, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Argentine President Milei Shutters Task Force Investigating Libra Meme Coin Scandal

by admin May 20, 2025



In brief

  • Argentine President Javier Milei promoted a meme coin, LIBRA, in February.
  • The Solana-based token rocketed up in value before crashing—leading to investigations.
  • But the government has scrapped one body tasked with investigating the Argentine leader.

Argentine President Javier Milei has scrapped a body tasked with investigating his role in February’s controversial Libra (LIBRA) meme coin launch.

Documents published on the government’s website on Tuesday show that the body was dissolved in a move approved by Javier Milei. Per the website, the task force had completed its investigation—but it didn’t reveal further details to the public.

President Milei in February was hit with criminal charges after advertising a meme coin called Libra, which he said would benefit Argentina. His government set up an investigative task force to look into any potential wrongdoing, following political pressure.

There was uproar from the opposition and citizens alike following the release of the Solana-based Libra; the coin rocketed up in value before crashing hard, leading some investors and industry observers to claim the launch was a pump-and-dump scheme.

A criminal investigation is still ongoing.

In the world of crypto, meme coins are digital coins that are typically based on internet culture, jokes, or people and events in the news. Thousands of these assets are minted and released some days, and very few manage to gain any substantial value. Fewer still hold onto that value.

President Milei denied any wrongdoing following the launch. Decrypt reached out to the government for comment, but did not immediately receive a response.

But the Argentine leader might have chosen the right time to scrap the committee, according to James Bosworth, founder of Washington D.C.-based risk analysis consultancy Hxagon, which focuses on Latin America.



“Milei is riding high right now,” he told Decrypt. “His effort to drop currency controls has gone about as well as hoped and the peso is stable. He just won a small election in the capital. There is no better moment for him to shut down this investigation, preventing bad info from being released right before the midterm elections later this year.”

The price of Libra has spiked 60% over the past 24 hours, per data from CoinGecko, perhaps from investors eager to see the controversy fade and for the coin to potentially take on a second life. At a daily peak above $0.04 earlier, it’s the highest price seen for Libra in nearly a month.

President Milei won the presidency in 2023 after campaigning to combat the South American country’s sky-high inflation.

The eccentric leader has so far managed to lower prices in Argentina, which struggles with one of the highest inflation rates in the world. Last weekend, the president’s party won the capital’s legislative election.

Meme coins made headlines this year after President Trump released his own official Solana token ahead of his inauguration. 

The Solana-based meme coin shot up in price following a trading frenzy before dropping hard. While down 81% from peak, TRUMP remains the 52nd biggest cryptocurrency on the market. Its launch has attracted criticism from lawmakers who have argued the cryptocurrency constitutes a conflict of interest. 

President Milei attracted controversy before becoming Argentina’s leader, when in 2022 investors sued him for allegedly promoting a crypto investment platform that promised huge returns to users

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

May 20, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • 2

Categories

  • Crypto Trends (983)
  • Esports (742)
  • Game Reviews (690)
  • Game Updates (864)
  • GameFi Guides (975)
  • Gaming Gear (930)
  • NFT Gaming (957)
  • Product Reviews (921)
  • Uncategorized (1)

Recent Posts

  • Hollow Knight Silksong has devs so scared that they’re delaying their games
  • Best Crypto to Buy Now as FED Chair Jerome Powell Hints at September Rate Cut
  • Fairy Tail: 100 Years Quest Season One Coming To Blu-Ray This Fall
  • Best MacBooks (2025): Which Apple Laptop Should You Buy?
  • Storage, not silicon, will trigger AI’s next breakthrough

Recent Posts

  • Hollow Knight Silksong has devs so scared that they’re delaying their games

    August 24, 2025
  • Best Crypto to Buy Now as FED Chair Jerome Powell Hints at September Rate Cut

    August 24, 2025
  • Fairy Tail: 100 Years Quest Season One Coming To Blu-Ray This Fall

    August 24, 2025
  • Best MacBooks (2025): Which Apple Laptop Should You Buy?

    August 24, 2025
  • Storage, not silicon, will trigger AI’s next breakthrough

    August 24, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Hollow Knight Silksong has devs so scared that they’re delaying their games

    August 24, 2025
  • Best Crypto to Buy Now as FED Chair Jerome Powell Hints at September Rate Cut

    August 24, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close