Skip to content

San Francisco crypto founder faked his own death

Technology
7 7 0
  • This post did not contain any content.
  • This post did not contain any content.

    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!

  • This post did not contain any content.

    Fake money, fake death, real douche.

  • 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!

    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.

  • This post did not contain any content.

    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.

  • 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.

    I think satoshis dead ngl

  • Fake money, fake death, real douche.

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

  • 176 Stimmen
    21 Beiträge
    0 Aufrufe
    G
    He's a loyal, useful sycophant. He wants to be very rich.
  • 29 Stimmen
    4 Beiträge
    0 Aufrufe
    G
    It varies based on local legislation, so in some places paying ransoms is banned but it's by no means universal. It's totally valid to be against paying ransoms wherever possible, but it's not entirely black and white in some situations. For example, what if a hospital gets ransomed? Say they serve an area not served by other facilities, and if they can't get back online quickly people will die? Sounds dramatic, but critical public services get ransomed all the time and there are undeniable real world consequences. Recovery from ransomware can cost significantly more than a ransom payment if you're not prepared. It can also take months to years to recover, especially if you're simultaneously fighting to evict a persistent (annoyed, unpaid) threat actor from your environment. For the record I don't think ransoms should be paid in most scenarios, but I do think there is some nuance to consider here.
  • The Enshitification of Youtube’s Full Album Playlists

    Technology technology
    3
    1
    108 Stimmen
    3 Beiträge
    0 Aufrufe
    dual_sport_dork@lemmy.worldD
    Especially when the poster does not disclose that it's AI. The perpetual Youtube rabbit hole occasionally lands on one of these for me when I leave it unsupervised, and usually you can tell from the "cover" art. But only if you're looking at it. Because if you just leave it going in the background eventually you start to realize, "Wow, this guy really tripped over the fine line between a groove and rut." Then you click on it and look: Curses! Foiled again. And golly gee, I'm sure glad Youtube took away the option to oughtright block channels. I'm sure that's a total coincidence. W/e. I'm a have-it-on-my-hard-drive kind of bird. Yt-dlp is your friend. Just use it to nab whatever it is you actually want and let your own media player decide how to shuffle and present it. This works great for big name commercial music as well, whereupon the record labels are inevitably dumb enough to post songs and albums in their entirety right there you Youtube. Who even needs piracy sites at that rate? Yoink!
  • 588 Stimmen
    77 Beiträge
    1 Aufrufe
    F
    When a Lemmy instance owner gets a legal request from a foreign countries government to take down content, after they’re done shitting themselves they’ll take the content down or they’ll have to implement a country wide block on that country, along with not allowing any citizens of that country to use their instance no matter where they are located. Block me, I don’t care. You’re just proving that you can’t handle the truth and being challenged with it.
  • Instacart CEO Fidji Simo is joining OpenAI as CEO of Applications

    Technology technology
    2
    1
    20 Stimmen
    2 Beiträge
    0 Aufrufe
    paraphrand@lemmy.worldP
    overseeing product development for Facebook Video So she’s the one who oversaw the misleading Facebook Video numbers that destroyed a whole swath of websites?
  • WhatsApp provides no cryptographic management for group messages

    Technology technology
    3
    1
    17 Stimmen
    3 Beiträge
    0 Aufrufe
    S
    Just be sure to add only the people you want to be there. I've heard some people add others and it's a bit messy
  • 42 Stimmen
    7 Beiträge
    0 Aufrufe
    B
    Yesterday on reddit I saw a photo a patient shot over the shoulder of his doctor of his computer monitor. It had ChadGPT full with diagnosis requests. https://www.reddit.com/r/ChatGPT/comments/1keqstk/doctor_using_chatgpt_for_a_visit_due_to_knife_cut/
  • Windows Is Adding AI Agents That Can Change Your Settings

    Technology technology
    26
    1
    103 Stimmen
    26 Beiträge
    0 Aufrufe
    T
    Edit: no, wtf am i doing The thread was about inept the coders were. Here is your answer: They were so fucking inept they broke a fundamental function and it made it to production. Then they did it deliberately. That's how inept they are. End of.