# I, Degen - E16: Reversible transactions - 10/1/2022 ::: info Listen at: idegen.fm ::: :::success Contact us: [@idegenfm](https://twitter.com/idegenfm) ::: #### Intro Welcome to I, Degen - A podcast about crypto technology, security, and culture. With a healthy balance of enthusiasm and skepticism, we dig into a weekly look at crypto, cutting through the misinformation and hype in search of signal in the noise. #### Episode Summary This week we discuss the draft of the US House's Stablecoin bill. CFTC's 250k fine for BzX & the Ooki DAO. We talk about the 0xBAD MEV bot getting owned, and we dig into the recent paper on reversible ERC20 and ERC721 transactions. # I, Degen - Weekly 1. 9/20/2022 - From CryptoBreifing - [US House proposes stablecoin bill that would put a two-year ban on algorithmic stable coins](https://cryptobriefing.com/could-the-new-house-stablecoin-bill-kill-frax-and-dai/) * U.S. lawmakers are reportedly drafting a bill to place a two-year ban on certain stablecoins. * The House Stablecoin Bill would target "endogenously collateralized stablecoins." * The bill would allow both banks and non-banks to issue stablecoins. However, bank issuers would need approval from federal regulators such as the OCC. As for non-bank issuers, the legislation directs the Federal Reserve to establish a process for making application decisions. * The House Stablecoin Bill would make it illegal to issue or create new stablecoins that mimic the functionality and features of TerraUSD NOTE: This is an early draft, not final so take it for what it is. 2. [2M in assets seized from Whitby, Ont Man ](https://www.businessinsider.com/self-described-crypto-king-aiden-pleterski-sued-cars-seized-report-2022-9) * Aiden Pleterski, who calls himself "Crypto King," had $2 million of assets seized, Lamborghini, two McLarens, and two BMWs * Pleterski was reportedly given $35 million by 140 investors. * Now, he's being sued by former investors in a bankruptcy proceeding and two civil lawsuits. * Investors told the publication that at least $35 million given to Pleterski's company, AP Private Equity Limited, went missing. * No criminal charges yet 3. 9/22/2022 - [CFTC Press Release](https://www.cftc.gov/PressRoom/PressReleases/8590-22) > By transferring control to a DAO, bZeroX's founders touted to bZeroX community members the operations would be enforcement-proof—allowing the Ooki DAO to violate the CEA and CFTC regulations with impunity, as alleged in the federal court action. --> [CFTC Penalizes Blockchain Protocol $250K, Files Action Against Successor DAO](https://www.coindesk.com/policy/2022/09/22/cftc-penalizes-blockchain-protocol-250k-files-action-against-successor-dao/) 9/27/2022 - Coindesk [The CFTC Served Ooki DAO Papers by Posting Them in an Online Discussion Forum](https://www.coindesk.com/policy/2022/09/28/the-cftc-served-ooki-dao-papers-by-posting-them-in-an-online-discussion-forum/) > Members of Ooki DAO – which operates a protocol that offers illegal, off-exchange tokenized margin trading and lending services – were notified of the lawsuit when a CFTC paralegal posted the complaint and other documents to an online discussion forum meant for DAO members to discuss governance issues, a CFTC attorney claimed in a court filing. The documents were simultaneously submitted through a help chat box on the DAO's website. > ![](https://hackmd.io/_uploads/B11g1w7Mj.png) -->[coindesk](https://www.reddit.com/r/defi/comments/xmv8g2/each_of_the_people_who_hold_the_tokens_for_the/) 4. Terra Luna Saga Continues --> [Interpool issues arrest warrant for Do Kwon]() 5. [Reddit user claims Gemini shut down their account because the interacted with Wasabi BTC Mixer](https://www.reddit.com/r/Bitcoin/comments/xqs8uw/i_had_zero_issues_with_gemini_for_years_thought/) 6. [Lazarus Hacker Group targets MacOS users with fake crypto.com jobs postings](https://bitcoinist.com/lazarus-hacker-group-targets-macos-crypto-jobs/) 7. [China busts ring of 93 people for allegedly laundering more than 5B](https://bitcoinist.com/crypto-bust-chinese-cops-collar-93-criminals/) - 9.15 Gang - 4 years of operation - The group, in operation since 2018, also facilitated the cashing of illicit funds from fraud, gambling, and other crypto-related activities into U.S. dollar to eliminate traces of illegality. 8. [Binance launches Global Law Enforcement Training Program to help LE fight cyber crime](https://cryptoslate.com/binance-launches-new-program-to-help-law-enforcement-fight-cyber-crime/) 9. [0xBAD MEV Bot gets owned](https://rekt.news/ripmevbot/) # I, Degen - Deep Dive [Tracking separate doc with notes for ERC20R stuff here](https://hackmd.io/@idegen/E16-research-notes-reversible-txs) # I, Degen - Freestyle Convo [Dear Redditors: If you torture the data long enough, they will confess anything](https://www.reddit.com/r/chess/comments/xqk41l/dear_redditors_if_you_torture_the_data_long/) First Chess, now [Poker...](https://dknation.draftkings.com/2022/9/30/23380007/garrett-adelstein-vs-robbi-jade-lew-on-hustler-casino-live-cheating-scandal-accusation-refund) # I, Degen - Hack Attempt of the Week [Github Key Scraper](https://www.reddit.com/r/ethdev/comments/xqi41p/annoying_github_scam_i_fell_into/) - This is not new, but never a bad idea to have a reminder: Be careful what you commit to your repos. [[[Outro]]] :::warning We do our best to report accurately on the topics we discuss but we're not always going to get everything right. Please comment here or reach out to us @idegenfm with corrections or comments! :::