Sam Kessler
Deputy Managing Editor at CoinDesk
Deputy Managing Editor @coindesk reporting on memes, dreams, and schemes // skesslr(at)https://t.co/TSmUWFNW1z // sam.kessler(at)https://t.co/kv0sPR1fjH (pitches)
Articles
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2 weeks ago |
coindesk.com | Sam Kessler
A financial deal was supposed to help launch the MOVE token. Instead, it led to a token-dumping scandal, a Binance ban, and behind-the-scenes infighting. Contracts obtained by CoinDesk help explain where it all went wrong. STORY CONTINUES BELOWDon't miss another story.Subscribe to the The Protocol Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
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4 weeks ago |
coindesk.com | Sam Kessler |Nikhilesh De
Share this articleBy Sam Kessler|Edited by Nikhilesh DeUpdated Apr 17, 2025, 4:23 p.m. Published Apr 17, 2025, 4:18 p.m. Former Galaxy, Goldman and JP Morgan executive Richard Kim was arrested this week on charges that he lost close to $7 million, much of it to misappropriation. Kim told CoinDesk last year he gambled away $3.67 million of his investors' funds from his firm Zero Edge. Kim posted a $250,000 bond, according to court documents.
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4 weeks ago |
coindesk.com | Sam Kessler |Nikhilesh De
Almost one year to the day after Ethereum protocol EigenLayer launched its “restaking” network to unprecedented industry fanfare, the network is finally adding a core feature that was, until now, glaringly absent: “slashing.”By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
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4 weeks ago |
coindesk.com | Margaux Nijkerk |Sam Kessler
Share this articleBy Margaux Nijkerk, Sam Kessler Apr 16, 2025, 5:49 p.m. Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, reporters on CoinDesk’s Tech team. In this issue:By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy. Can Ethereum Be Truly Private?
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4 weeks ago |
coindesk.com | Margaux Nijkerk |Sam Kessler
Noble, a blockchain for issuing real-world assets (RWA) and stablecoins, announced Wednesday that it will expand its platform by introducing “AppLayer,” an Ethereum-compatible rollup that allows developers to create their own RWA applications and infrastructure. By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
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I had the opportunity to dissect the $MOVE scandal on @Unchained_pod. Take a listen if you want to hear some more about our @CoinDesk investigation. Thanks for having me on @laurashin !!
How MOVE’s Contracts Put a Pump and Dump Into a Legal Agreement 🕵️♂️ A contract allowing insiders to dump tokens at peak price. A “shadow co-founder.” Lawyers pointing the finger at each other. @skesslr joins @Unchained_pod to dissect the MOVE scandal. And why it matters for https://t.co/SWsb5nNLdU
RT @skesslr: @coinbase UPDATE #2: @movementlabsxyz suspends co-founder Rushi Manche. https://t.co/CKxG60fp2V
Reminder: you (yes, you!) can help shed a light on backroom deals like this one. ☝️ email/proton mail are in my bio. Telegram is @skesslr. Signal is available on request. Please send tips there. Anonymous tips also welcome.
NEW: @movementfdn signed a deal loaning ~50% of its circulating ecosystem supply to @Web3Port_Labs. The day after MOVE debuted on exchanges, accounts linked to @Web3Port_Labs dumped 66M tokens, leading @binance to ban it. 🧵@CoinDesk obtained the contracts and much more: https://t.co/SDoonYcBro