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Promotional clips of an unreleased podcast with Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies have been shared online, wherein the duo spoke fondly of prison life, the dominance of incel rhetoric, and the ‘goofiness’ of Andrew Tate’s earlier videos. Zhu went to prison for four months in Singapore for attempting to flee the country in violation of a court order. His short stay had a lasting impact, according to clips from the podcast. “I think that it’s an enjoyable experience overall,” Zhu said. “Like, I would say, not to the point of like, highly recommending it per se, but I would say that it’s something that if everyone got to experience once, I think it’s definitely good for you. “ The 3AC founder elaborated on his point, stating that medieval forms of fun are afforded to you in prison. “All the things they allow you to do still in prison are the things that, like, in the ancient days, like, would sti...

Ex-Manager at Opensea, Nathaniel Chastain, gets 3-month prison term for NFT insider trading. U.S. Attorney Damian Williams emphasizes Chastain’s breach of trust and betrayal of employer’s confidence. Chastain is fined $50,000, sentenced to home confinement and supervised release, with Ethereum proceeds forfeited. Former Product Manager Nathaniel Chastain of Ozone Networks, also known as OpenSea, has been sentenced to three months in prison for the first-ever insider trading involving Non-Fungible Tokens (NFTs). U.S. Attorney Damian Williams, who oversaw the sentencing, underscored the seriousness of Chastain’s breach of trust. Williams stated, “Nathanial Chastain faced justice today for violating the trust that his employer placed in him.” Chastain, 31, a resident of New York City, has not only been sentenced to prison but also to three months of home confinement, three years of supervised release, and a $50,000 fine. Furthermore, the E...

The Casablanca Court of Appeal upheld the conviction of 21-year-old French citizen Thomas Clausi for illegal use of cryptocurrency. A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act. A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas Clausi, a 21-year-old French citizen, on charges of fraud and illegal use of cryptocurrency. According to Clausi’s lawyer, Mohamed Aghanaj, the court confirmed the verdict last week. This decision indicates that the Moroccan judicial system is taking a strong stance against cryptocurrency use in the country. Using BTC to purchase a Ferrari resulted in Clausi’s arrest in 2021, as Moroccan customs deemed the use of cryptocurrency to be an unlawful transfer of funds. Clausi was im prison ed in December 2021 on charges of “fraud” and “use of foreign currency for payment within Mor...