OG Crypto Lawyer. DeFi Fund, Citi Ventures, Goldman Sachs, Columbia Law. Any based opinions expressed herein are solely mine. nOt LeGaL Or fInAnCiAl aDvIcE🖕
Miami / NYC
Joined May 2010
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russell bands retweeted
THE BLOCK: AVAX One $AVX scrapped its modular data center plans to focus on its Avalanche treasury strategy, which held 14.17 million avalanche-2:native and equivalents as of Sept. 30.
It reported $49.9 million in Q3 net income, driven by $55.1 million in unrealized gains on digital assets.
russell bands retweeted
The FBI just warned that North Korea stole $400M+ via "FaceStealer" fake job/advisory lures.
Want to see what their actual bait looks like? Here is what lands in Web3 devs' inboxes every week:
Look at the identical copy-paste scripts across fake teams:
• "Velixus Labs" vs "J-Soft Labs"
• EXACT same buzzword soup: "gaming, DEXs, and crypto real estate"
• Ridiculous pay: $150-$200/hr for remote "Technical Leader / Advisor"
• Pushing you onto Telegram or Calendly
If you join that call:
1. They play stolen webcam footage of a previous victim to build trust.
2. Claim an "audio glitch" and ask you to run a quick terminal "fix" script.
3. Your local keys, browser wallets, and Telegram sessions are completely drained.
4. Or assign you a task to clone their repo where dangerous code runs when you do 'npm install' or 'pip install'.
If an email pitches "gaming + DEX + crypto real estate", hit block immediately. It’s Lazarus. 🥷
The FBI is warning the public about FaceStealer, a highly effective social engineering scheme used by North Korean cyber actors to steal cryptocurrency and target the software supply chain. FaceStealer uses imposter versions of video conference platforms, secretly recorded web camera video, and computer intrusions to target individuals working in the cryptocurrency/Web3 industry and open-source software maintainers.
Over the last 18 months, the scheme has resulted in the theft of more than $400 million dollars. Today, the FBI announced the disruption of cloud-based infrastructure used in the scheme, identifying and seizing over 900 webcam videos of victims worldwide. For more on the @FBILosAngeles -led investigation, read: justice.gov/opa/pr/justice-d…
Anyone who owns cryptocurrency, works in the cryptocurrency/Web3 industry, or maintains open-source software repositories is a potential target. The FBI recommends anyone potentially impacted visit fbi.gov/facestealer for additional information and follow the recommendations provided in the FLASH released today: ic3.gov/CSA/2026/261112.pdf
ALT Seal of the FBI featuring a blue circle with gold stars, scales of justice, and the words Fidelity, Bravery, Integrity.
China sees anti-AI blue wave at last week’s US ballot box (which it helped catalyze) and decides now is the time to hit Jensen💯
My tinfoil hat theory on Jensen situation.
Bear in mind, the only way Jensen gets ousted is if there is a BAD smoking gun, possibly around a crime.
A theory:
> honeypot Chinese spy-CEO girl gets Jensen
> she buys GPUs for megaspeed
> those GPUs ultimately go to China
> JH figures it out; tries to stop
> CCP tells him, “ha, gotcha b!tch” and blackmails him into continuing
> pressures JH to ship more GPUs
> JH has Nvidia ship said GPUs and tells team to not look too closely
> JH starts defending China as a potential customer publicly (see Dwarkesh pod below)
> CIA figures out what’s happening
[Note: Trump mentioned on 60 Minutes interview the US discovered a major AI CEO breaking the law. Trump threatened him with prosecution if he didn’t get onboard Team USA ASAP. “Do you like wearing orange?”]
> This is Jensen
> JH shuts down honeypot relationship and related GPU shipments
> China says, “No. If you don’t ship, we will destroy you.”
> Stuck between US legal system and Chinese blackmail, JH risks calling China’s bluff
> China does initial leak on JH honeypot affair. JH denies it to Nvidia board (6-12 months ago)
> US CIA / DoJ knows he did it
> China is not bluffing
> China sees anti-AI blue wave at last week’s US ballot box (which it helped catalyze) and decides now is the time to hit Jensen
> Leaks the story aggressively. Kill three birds with one stone: take out blackmail target; disrupt important AI leader; feed AOC’s oligarch AI wet dream
> Nvidia board forced to investigate. Discovers JH a) lied; b) broke the law; and c) had an affair with Nvidia employee
> Nvidia board doesn’t want to fire him but almost has to, especially if he knowingly broke the law
AND SO HERE WE ARE.
Critical question for $NVDA board is did JH knowingly do something illegal. Because everything else falls in a “policy violation” bucket that can be managed without termination.
But if he broke major laws, the board is trapped, barring USG intervention.
We shall see.
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russell bands retweeted
Special Agent in Charge of Cyber & Counterintelligence at FBI Los Angeles, Jeremy Robertson, details the #FaceStealer social engineering scheme attributed to North Korean hackers. The perpetrators target victims in the cryptocurrency and web3 industries, as well as individuals involved in the development and maintenance of open-source software. Visit FBI.gov/facestealer for information.
russell bands retweeted
Avalanche Won Over the NYSE. Now It Has to ‘Capture Value’ for AVAX
decrypt.co/382988/avalanche-…
56 of the 62 companies OKX-ICE picked have opted out of tokenized trading of their shares. Issuer consent is the real gate under the SEC's innovation exemption. The only names left are the crypto natives: Robinhood, Coinbase, and Circle.
coindesk.com/business/2026/1…
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Third-party wrapping of listed names is a dead end. The path that survives is issuer-sponsored tokens, with a transfer agent on the register and, if you want an AMM, a permissioned pool the company actually blesses.
The Innovation Exemption didn't legalize tokenizing someone else's stock. It confirmed you still need the issuer. What's left is Robinhood, Coinbase, and Circle.
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“Targeting 30 FPS” is something lawyers make u say
Grand Theft Auto VI - targeting 30 FPS
PS5 Pro - PSSR and ray-traced shadows supported
Xbox Cloud Gaming supported & remote play support on PS5/Xbox
rockstargames.com/newswire/a…
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russell bands retweeted
Fun fact: The woman pictured here credited the viral success of her campaign to the Party for Socialism and Liberation, a China proxy organization operating here in the United States.
PSL is the political arm of the Shanghai-based Neville Roy Singham, an avowed Marxist multimillionaire who has bankrolled anti-American, pro-CCP nonprofits to the tune of $278 million.
Singham’s political foot soldiers have been boots on the ground in dozens of anti-data center fights across the country. But striking down the $5 billion data center campus in Landover, MD, was by far their biggest scalp.
In the ongoing campaign against American AI, cui bono?
More than anyone, it’s our chief political adversary.
russell bands retweeted
This is a MUCH bigger story than people realize.
In 1968, the NYSE literally CLOSED EVERY WEDNESDAY for months.
Why?
Wall Street was drowning in PAPER stock certificates.
By December, roughly $4 BILLION in securities deliveries were unsettled.
The crisis helped create the modern clearing infrastructure we still use today.
Fast forward to 2026...
An NYSE-affiliated platform plans to use Avalanche to settle tokenized stock trades 24/7, essentially instantly.
1792: 24 brokers organize under a buttonwood tree.
1968: Shut down Wall Street to catch up on paperwork.
2026: Move stock settlement onto a blockchain.
This is a major step toward 24/7 stock trading, including weekends and holidays, with near instant settlement (rather than the T+1 settlement cycle today).
The closing bell will be a thing of the past soon!
JUST IN: 🇺🇸 NYSE-affiliated tokenized securities platform to use Avalanche $AVAX for clearing and settlement.
russell bands retweeted
BREAKING: New York Stock Exchange announces it will use the Avalanche blockchain to settle tokenized stock trades on its upcoming 24/7 trading platform.
russell bands retweeted
WSJ Exclusive: Avalanche (@avax) will provide the core ledger technology for the clearing firm on the NYSE-affiliated tokenized securities platform.
Subject to regulatory approvals, the platform is designed to support 24/7 trading, clearing and settlement for its subscribers.
@WSJ in thread
russell bands retweeted
I doubt you would be surprised that @NYSE picked @avax and DTC picked @StellarOrg if you haven’t been listening to me.
Configurable control and compliance frameworks, low fees, and no insider cabal already controlling all the tokens.
Seems obvious no?
russell bands retweeted
Details
*Exclusive agreement
*NYSE tested multiple options
*NYSE chose $AVAX for its speed, throughput, and "ability to support a controlled network with compliance requirements"
*NYSE TO SETTLE TOKENIZED STOCKS ON AVALANCHE BLOCKCHAIN: WSJ
Still waiting on details but this looks like big win for $AVAX
russell bands retweeted
As of today, Schwab Crypto™ clients can buy and sell solana (SOL), avalanche (AVAX), and chainlink (LINK), in addition to bitcoin and ethereum. These new tokens are part of Schwab’s plans to thoughtfully expand its digital asset offering.
Learn more: spr.ly/6019BHFa25