Master of Anons: How a Crypto Developer Faked a DeFi Ecosystem
Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint Eclectic. Sunny was the newest decentralized finance (DeFi) app to hit Solana during that blockchain’s scorching bull run last summer, when its native token jumped fivefold. Sunny was barely two weeks old by early September, but billions of dollars in crypto were flooding this yield farm. Still, Saint and others had questions: Who was behind Sunny? Why was its developer, one “Surya Khosla,” pseudonymous...
Master of Anons: How a Crypto Developer Faked a DeFi Ecosystem
Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint Eclectic. Sunny was the newest decentralized finance (DeFi) app to hit Solana during that blockchain’s scorching bull run last summer, when its native token jumped fivefold. Sunny was barely two weeks old by early September, but billions of dollars in crypto were flooding this yield farm. Still, Saint and others had questions: Who was behind Sunny? Why was its developer, one “Surya Khosla,” pseudonymous...
Nvidia Failed to Disclose Cryptomining Revenue Impact in 2018, SEC Says
The U.S. Securities and Exchange Commission (SEC) said that chip giant Nvidia (NVDA) failed to disclose that cryptomining was a significant contributor to its 2018 revenue.In two of Nvidia’s Form 10-Qs for fiscal 2018, Nvidia reported material growth in revenue within its gaming business, said the SEC in a press release. However, continued the agency, Nvidia was aware – but failed to disclose to investors – that the boost in sales was, in significant part, driven by cryptomining.“NVIDIA’s omi...
Nvidia Failed to Disclose Cryptomining Revenue Impact in 2018, SEC Says
The U.S. Securities and Exchange Commission (SEC) said that chip giant Nvidia (NVDA) failed to disclose that cryptomining was a significant contributor to its 2018 revenue.In two of Nvidia’s Form 10-Qs for fiscal 2018, Nvidia reported material growth in revenue within its gaming business, said the SEC in a press release. However, continued the agency, Nvidia was aware – but failed to disclose to investors – that the boost in sales was, in significant part, driven by cryptomining.“NVIDIA’s omi...
