豪宅 · 166

Will Cows Be the Next PEPE? Bitmart official pushes rights fryer; 31-year-old Chinese spent 70 million US dollars to buy a California mansion...

Dear readers, what have the KOLs on X been talking about in the past 24 hours? Note: The following content is compiled from the X platform. They are all personal opinions. They do not represent the platform's position, let alone constitute investment advice. Could Cows Be the Next PEPE? Bitmart officials push to defend their rights in person, and the situation escalated! The co-founder of XAI, Wu Yuhuai, 31, spent 70 million US dollars to buy a California mansion! RMB continues to appreciate Twitter: https://twitter.com/BitpushNewsCN比推 TG exchange group: https://t.me/BitPushCommunity比推 TG subscription: https://t.me/bitpush

4d agoWendy#KOL

After disbanding AI Lab and spending 84.6 billion dollars to buy cards in half a year, Tencent is going against the current

Author: Activision BeatingOriginal title: Tencent Still Has Dreams On August 12, 2026, Tencent released its financial report for the second quarter. Capital expenditure for a single quarter, $52.78 billion. Three months ago, that number was 31.9 billion. Moving forward a year, the total for the whole year would be less than 79.2 billion. This company has always been known for spending money with restraint. The speed at which it bought cards was once slow enough to make the market wonder if it actually wanted AI at the table. Now, it has brought the speed of spending money to this level within a year. At the earnings conference on the same day, Ma Huateng said that Tencent is “building a brand new, AI-enabled Tencent.” The hybrid was renamed HY, and Hy4 will be released soon. The last time this company described itself as “brand new” was in the era when WeChat was born. Tencent still has dreams. Its dream is not just AI; it needs to relearn to be an unstable company. In 2018, Pan Ran said in “Tencent Has No Dreams” that Tencent is a company like water. Water is good for all things, and there is no dispute; wherever there is a channel, it flows. Water has no personality, so water doesn't have dreams. It is natural for water to flow to a low place; backflow is for those who have reflux. In 2026, the 28-year-old company did something against nature. It admits that the article from eight years ago was right. It admits that it is no longer possible to live like water. On Wednesday, May 5, at 9 p.m., “Tencent Has No Dreams” was published. 13,000 words. At 2 o'clock in the evening, Liu Chiping and Tencent PR director Zhang Jun responded in the circle of friends. Liu Chiping said that Tencent is a larger organization and ecosystem than the outside world can imagine. “It's too narrow to reduce Tencent to the gains and losses of a product, a kind of strategic deployment, and one person's will.” At 2:19, a screenshot suspected of Ma Huateng's response began circulating in the circle of friends. At 2:39 the real Ma Huateng spoke up, saying “It's nice to have criticism” to a friend who cares about him. Afterwards, he said, “From writing the first line of code, my dream was how to make the best product, not how much money to make.” During the day, the national media quoted almost the full screenshot of Ma Huateng's response. Even Zhang Yiming spoke for Tencent in his circle of friends, saying this was a “Don Quixote imagination.” Tencent is not only powerful, but it is also constantly evolving in every dimension. Zhang Jun was on the long-haul flight that day. After landing, he said, “We certainly weren't as bad as the outside world thought, but the criticism also made us realize that we weren't as good as we thought.” Of course, there were a few different voices about that article at the time. Hong Bo said that many of the questions mentioned in the article are real questions, but is there only one correct answer for such a large company? “Perhaps the author thinks Zhang Yiming is the only correct answer. He is a bit superstitious about Zhang Yiming.” That article also recorded an earlier story. At the beginning of 2011, just after the 3Q war ended, Tencent held a general meeting to discuss what Tencent's ability to open up is. Ma Huateng asked the 16 executives who attended each to write down what they thought Tencent's core competencies were on paper, and came up with a total of 21 answers. Finally, decide on two. Capital, flow. The term capital was advocated by Liu Chiping. Opening up means releasing traffic and turning it into an investment. Traffic is open, capital is open, “I don't do it myself anymore.” These two terms have governed Tencent for ten years. The entrance to WeChat traffic and the exit of investment traffic is in the middle is a steady stream of cash generated by games and advertisements. JD's e-commerce portal entered the WeChat Jiugong grid. Sogou picked up the search, and Meituan took over the local life. Traffic is exchanged for shares, and shares are exchanged for allies. In ten years, Tencent's market capitalization has increased tenfold, surpassing Facebook's. When that article was published, it still looked invincible. If you look back and reread it eight years later, you'll find that the article predicted almost every time Tencent fell since then. Ten years later, on December 23, 2021, Tencent distributed 14.7% of JD shares to its shareholders, with a market value of about HK$100 billion. In January 2022, Sea holdings were reduced and $3.2 billion was cashed out. In November 2022, 9.6% of Meituan was split, or approximately HK$159.4 billion. The capital, which was designated as a “core competency” back then, was personally destroyed by Tencent. The water has flowed back and forth for the first time in decades. There is a section in the first AI Dream article that not many people paid attention back then. It's written in Tencent's AI. The Go program “Amazing Art” created by AI Lab successively lost to two amateur games. One is the personal hobby of Headline's vice president, and the other is an amateur work by several engineers on the WeChat translation team. Few people realize that...

5d ago动察Beating#AI

xAI co-created Wu Yuhuai or spend $70 million to buy a luxury home in California

Comparatively, according to the San Francisco Standard, the actual buyer of a $70 million 12-acre mansion in Hillsborough, California, is probably Wu Yuhuai, the 31-year-old co-founder of xAI. The deal is Northern California's most expensive residential deal so far this year. According to property records, the registered buyer of this property, which is located at 3000 Ralston Avenue and has an area of approximately 12,000 square feet, is Daikon no Hana Capital LLC. However, Jia Xu, the agent responsible for the buyer's transaction, also represented Wu Yuhuai in purchasing the Los Altos Hills home for $12 million last year; at the same time, the LLC's management lawyer transferred Wu Yuhuai's original home into a family trust about a week before the transaction was completed. Wu Yuhuai is probably the actual buyer of this deal. Wu Yuhuai co-founded xAI with Musk and others in 2023 and participated in Grok development. He announced his departure from xAI in February of this year, shortly after xAI was acquired by SpaceX through an all-share deal at a valuation of $250 billion. The property for sale includes a 6-bedroom main home, approximately 4,600 square feet of guest rooms, and facilities such as tennis courts, a nine-hole golf course, a 150-seat amphitheater, a koi pond, and a 2,100-gallon saltwater aquarium. The property was initially listed for $88 million last fall, then dropped by $10 million and eventually sold for $70 million.

6d ago

Goliath was sued by the SEC and CFTC on the same day. The $400 million scam came to light, and the founder has pleaded guilty

Author: Shenchao TechFlow Original title: SEC and CFTC sued Goliath on the same day: The $400 million crypto Ponzi scam came to light, and there are no regulatory blind spots. Shenchao Guide: A company called Goliath Ventures used the story of “putting money into crypto liquidity pools to earn processing fees” to take about 400 million US dollars from more than 1,300 ordinary people, and the founder himself took 51 million dollars to buy luxury cars. What's even more worrisome is that the founder pleaded guilty two months ago, but the money he put in is unlikely to be recovered. The SEC and CFTC took action on the same day, and the signal is clear: the blind spots in regulation of the wild path platform, which is supported by a high level of interest, are disappearing. On Tuesday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) each filed civil lawsuits against Goliath Ventures and its founder Christopher Delgado, pointing to the same $400 million crypto Ponzi scheme. The two regulators took action against the same entity on the same day. This collaborative rhythm itself is more worthy of the attention of ordinary investors than the case itself. The “crypto liquidity pool” is a cover: $400 million is not in the pool; 51 million goes into the founder's pocket. According to Goliath, the money will go into the crypto liquidity pool, which relies on fees paid by traders to generate a monthly return of 3% to 10%, and the capital is protected. The SEC gave the exact opposite version in the lawsuit: the company did not put capital or crypto assets into any liquidity pool, but instead used the money of new investors and old investors to fill in the previous person's earnings, and falsified account balances and performance data. Where did the money go? The SEC alleges that Delgado misappropriated at least $51 million for personal expenses. According to the CFTC, about 1,600 customers have invested at least 397 million US dollars in total. The direction is “Bitcoin and Ethereum transactions,” and there is also no real transaction support. There is a slight difference in the statistical caliber of the two institutions (SEC focuses on the securities side, CFTC focuses on the commodity side), but they point to the same pool of funds that have been diverted. Pay back the cost of 3% to 10% per month. For readers, this rhetoric collapsed two months ago. For readers, the most important thing to remember about this case is not “someone else has been scammed,” but it unravels the recipe for typical scams: high interest rates, capital protection, and new rebates. The SEC alleges that Goliath paid commissions to sales agents that recruit investors and relied on people to get people to snowball. The day when the snowball couldn't roll came so fast. According to the SEC, by November 2025, the company could no longer rely on new capital to cover monthly payments, and dividends were immediately stopped and the capital chain broke down. It only lasted less than a year from the “commitment to double digits of the month” to a complete shutdown. The lifeblood of this type of platform has never been its ability to make money, but whether it can continue to attract new money. The founder has already pleaded guilty, and the 1,300 investors may not be able to recover nearly $250 million more discouraging than the scam is the end. As early as June 30 of this year, Delgado pleaded guilty to the US Department of Justice on three counts of conspiracy to commit telecom fraud, telecom fraud, and money laundering. The Justice Department revealed at the time that at least $400 million of money flowed into Goliath, and Delgado himself acknowledged causing investors to lose at least $250 million and agreed to seize properties, vehicles, luxury goods, bank accounts, and crypto accounts linked to the scam. In other words, people have been arrested at the criminal level, and things are also being confiscated, but investors have very little hope of getting their capital back. Delgado's “step-by-step settlement” with the SEC is yet to be approved by the court, which will ultimately determine the amount to be recovered, pre-judgment interest, and civil fines; the CFTC is separately seeking compensation, fines, and market bans. They really need to be paid back; there is also a lengthy execution process ahead. The SEC and CFTC took action on the same day to push new platforms into the crossfire of regulation and put this case back into a larger picture. The real new signal is a change in enforcement methods. In the past, crypto platforms often took advantage of “is this a security or a commodity” and hid back and forth between the SEC and CFTC. This time, the two companies filed separate lawsuits on the same day and each managed one section (SEC for securities and CFTC for commodities), which is tantamount to blocking this path: whether you package it as a liquidity pool or trade and financial management, both sides are watching. For the average investor, this means at least two things. The first is that small and medium-sized platforms that rely on “high interest rates and insurance to attract people” are moving from blind spots in supervision to cross-fire zones,...

10d agoburnking#CFTC #Goliath #SEC #custodial

Cheerful Lamborghini robbed a 17-year-old cryptocurrency teenager. A US police officer sent himself to jail

A Los Angeles police officer who led an armed robbery of $250,000 in Bitcoin from a 17-year-old on Christmas Eve 2024 was sentenced to life imprisonment plus 15 years on August 4, 2026. Without a police badge, he was in real handcuffs. On the day of sentencing, 38-year-old Eric Hallam wore his prison uniform and kept his head down the whole time. Judge Mildred Escobedo had no mercy. Kidnapping and robbery. Both crimes are punishable with life imprisonment, plus 15 years. You can apply for parole after 7 years — but everyone knows that's only a theoretical possibility under the law. In the audience, his sister was wiping tears. Mother Randy cried outside the courtroom: “This is a misjudgment.” On the other side were several men in casual attire — police detectives from the Los Angeles Police Department. his former colleague. The sister said that the appearance of these people “seemed like a form of intimidation.” But the judge didn't think so: “This is pure and outright greed.” Formerly a “decent person”: police officer, boss, and influencer Harlem grew up in Los Angeles, attended the University of California, Riverside, and joined the Los Angeles Police Department in 2009. For 13 years, he has trained as a police officer and is qualified as a sharpshooter. A former colleague said he was a “reliable” police officer. Before leaving the job in 2022, his salary and benefits were around $18.5 million a year. But he clearly doesn't want to be just an “ordinary” civil servant. In addition to his duties, he has run a private security company, developed a remote audition app for actors, and founded the luxury car rental company Drive-LA. The company once had nearly 60,000 followers on Instagram. He packaged himself as a successful self-made entrepreneur. In an exclusive interview with a business magazine, he jokingly said, “In the police industry, you've learned to stay calm under pressure and anticipate the situation before a problem occurs. This way of thinking directly transferred to me setting up my own business.” The article describes him as an inspirational person “from patrol police to supercar racing experience” and praises that he has won the “Silver Steve Leadership Award.” He said he loves flying, motorcycles, and sports cars. “People don't just want to sit in a nice car—they want to feel something,” he said in an interview. He's also a reserve police officer — which means he has the right to carry a gun, law enforcement, and “return to work” at any time. In the eyes of outsiders, he is a police entrepreneur who has successfully transformed. He has a Lamborghini, a 2.1 million dollar mansion, and a wonderful family. But this level of “perfect character” cannot stand up to scrutiny. “Black Eats Black”: Cheerful Lamborghini steals Bitcoin from a 17-year-old crook. At 2 a.m. on December 28, 2024, two cars drove downstairs in a high-rise apartment in Koreatown in Los Angeles: a green Range Rover and an orange Lamborghini Urus. The latter is registered under the name of DriVela in Haarlem. Four people got out of the car, dressed in dark clothes, and vests showing their status as “police officers.” They entered the access code for an apartment on the 18th floor — the password came from a housekeeper who had rented the house. A 17-year-old teenager living in the apartment was allowed to use the anonymous “Daniel” in court. Prosecutors say Daniel has amassed a small amount of crypto wealth by defrauding others — but that doesn't mean he can be lawfully robbed. The intruder discovered that Daniel was not at home but found his girlfriend. They handcuffed her with official police handcuffs. “Everyone was armed,” prosecutors said in court. When Daniel returned to the apartment, they knocked him down to the ground and also handcuffed him to force him to open the encrypted wallet on his phone and computer. Daniel tried to confuse himself with an empty wallet. The robbers threatened to shoot and open the shower, implying that they would water him. After about 25 minutes, Daniel finally handed over the hard drive — which contained $350,000 worth of bitcoins. Why did Harlem do this? The answer given by trial witness Pierre Louis was very simple and crude. Louis is a broker of luxury cars, luxury homes, and cash transactions. He once brought a large bundle of cash to Drive-LA and used the store's banknote counter to check it out. Harlem asked where the money came from, and Louis told him that it was from a group of “coin industry teenagers” who used fraud to steal cryptocurrencies. Later, when the crowd discussed how to rob these young people in the Hollywood Hills, Harlem allegedly said he wouldn't call the police — because it was “just stealing from people who stole things.” Israeli mafia? Among Harlem's accomplices, one has a particularly remarkable background — Gabi Benn, 51, has a criminal record of cheating twice and was deported to Israel. The prosecution alleged in court that Gabi Benn was “linked to the Israeli mafia.” Gabi Ben just shrugged and shook his head when he heard the accusation. However, court documents show that Gabi Ben is one of the leaders of an Israeli underground organization in Los Angeles — Moses Matsuri (nicknamed “Pious Moses”)...

17d agoWendy#cryptocurrency #original #snatching #Los Angeles

Epstein's “Favorite Woman” is divided into hundreds of millions of dollars in heritage

Source: China Newsweek Author: Yin Chenxi Editor: Xu Fangqing and Ma Xiaoyi The billionaire Jeffrey Epstein, who has long been active in American finance, politics, business, and celebrity circles, left behind a huge wealth arrangement at the end of his life. Two days before his death, he signed a document called the “1953 Trust,” named after his birth year. According to extensive investigation records recently released by the US federal authorities, this trust document lists more than 40 beneficiaries, including Epstein's private lawyers, accountants, staff, and relatives who have been close to them for a long time. Among them, one name is particularly attention-grabbing: Karina Shuliak. According to the trust documents, the female dentist from Belarus will receive about $100 million in assets, including some of Epstein's properties at Zorro Ranch, Paris, and Palm Beach in New Mexico, as well as a diamond ring of more than 30 carats. The name Shuliak has appeared more than 40,000 times in investigation materials released by the US judicial department in recent years. As these materials were revealed, there were also numerous private emails and photos between her and Epstein. On August 10, 2019, Epstein was found dead in a cell at the Metropolitan Correctional Center in Manhattan, New York. The last phone call he made before the end of his life was addressed to Shuliak. On January 30, 2026, local time, Jeffrey Epstein (right) and Karina Shuliak are in an unknown location in an undated photo released by the US Department of Justice. Picture/Vision China In the eyes of her colleagues and patients at the clinic, Dr. Karina is just an ordinary, low-key dentist. Few people would associate Epstein with this smiling, slender professional woman in front of her. In March 2011, 21-year-old Shuliak arrived in the US on a temporary student visa. Previously, she attended the dental school of Minsk University in Belarus, but she has yet to finish her studies. After arriving in New York, she worked as an assistant in a dental clinic while studying English. It was also during this period that she met Epstein. According to the “New York Times” report, it was a woman from the Siberian region who introduced Shuliak to Epstein. The woman later stated that she had been assaulted by Epstein and was asked to find other young women. The woman sent Epstein a picture of Shuliak praising her as “beautiful.” Shuliak was then taken to Epstein's mansion in Manhattan. However, unlike what the outside world later imagined about this relationship, Shuliak did not immediately accept Epstein's help at first. In an email that was made public, she called Epstein an “amazing person,” but said she couldn't accept his aid. “Because I have some deep-seated opinions in my head, no matter how stupid they seem.” However, Shuliak's refusal didn't last long. Epstein began taking Shuliak to Broadway shows, to fine dining restaurants, to experience helicopter trips, and to his own private ranch and island. In 2012, Shuliak applied for admission to the Columbia University School of Dentistry program, but was rejected by the university due to intense competition. Afterwards, Epstein began using his connections to help Shuliak. He contacted his private dentist, Thomas J. Magnani, an alumnus of the College of Dentistry at Columbia University, to help him as an intermediary. According to survey materials, before the April entrance exam, Magnani and Dr. James Finn of the School of Dentistry revealed the contents of the practical ability assessment to Shuliak. In the end, Shuliak passed the exam and entered Columbia University School of Dentistry as an international transfer student. Epstein, on the other hand, covered over $600,000 for her three years of tuition, housing, and various education expenses. “Of all men, you are the purest one.” Shuliak thanked Epstein in an email in June 2012, “Thank you so much for all the love and care you have given me, including my parents, school, and apartment.” After 2015, Shuliak graduated from Columbia University and obtained dental qualifications in various regions of the U.S. Virgin Islands, Florida, and New Mexico. Among them, Epstein's notorious private island “Lori Island” is located in the US Virgin Islands. The last few years that Shuliak met Epstein on a personal phone call also coincided with the escalation of the investigation surrounding Epstein's crime, and the relationship between Shuliak and Epstein deepened. In 2012, Shuliak's student visa was about to expire, and he was at risk of being forced to leave the country. At the time, New York State had legalized same-sex marriage. To help Shuliak stay in the US, Epstein arranged for his female assistant Jenna Carlin to...

18d agoWendy#Epstein

New York Times Long Article | 81-year-old Allison All In AI bet on Oracle and kidnapped the entire United States

Source: The New York Times Authors: Jonathan Mahler, Jim Rutenberg, Kirsten Grind Original title: Larry Ellison Bet It All on the A.I. Boom. Will He Be the Face of the A.I. Bubble? Editor and collation: BitPushNewsBitPush Note: Through long-term in-depth research, the New York Times reporter interviewed dozens of people familiar with Larry Ellison (Larry Ellison) and Oracle (Oracle) in Silicon Valley, San Francisco, Hawaii, and New York, and reviewed numerous financial documents, analytical reports, and court records. The article focuses on Larry Ellison's bets on the aggressive transformation of artificial intelligence, revealing how Oracle (Oracle) relies on huge debt to expand AI infrastructure, and the profound risks this gamble may bring to companies, capital markets, and even the US economy. Here's the text: January 21, 2025 — the first full working day since Trump's second administration took office — Larry Ellison woke up in his 33-bedroom, 34-bathroom beachfront mansion in Florida, boarded his private jet, and flew to Washington. Ellison, who was 80 years old at the time, had a net worth of about 200 billion US dollars and wanted to go to the White House for an appointment. He was too lazy to even bring his driver's license — got to the door and call a staff member close to the president to guarantee his identity — but at 2 p.m., he was already standing next to Donald Trump in Roosevelt Hall. The president announced the launch of “the largest artificial intelligence infrastructure project in history to date,” and told the world that his friend Larry Ellison was the right person to complete this task. “He's kind of like the CEO of everything,” Trump said. “He's an amazing person and an amazing businessman.” Ellison first thanked Trump. “Of course we wouldn't be able to do this without you,” he said. “It just wouldn't be possible.” He then drew up this ambitious plan. Ellison's database software and cloud computing company Oracle, and its partners — most notably OpenAI — will invest up to $500 billion over the next four years to build a number of giant data centers. Each data center covers an area of 500,000 square feet and will generate a total of 10 gigawatts of computing power, consuming enough electricity to power up to 10 million homes. The name of the project “Stargate” is taken from the 1994 sci-fi movie of the same name: in the film, Kurt Russell walks through a wormhole and finds himself inside a pyramid on an alien planet. In reality, this “Stargate” will be the entrance to lead humans from the post-industrial era to the era of artificial intelligence. Ellison sided with Trump long before many other tech leaders turned to support him. After the 2020 election, he attended a strategic conference call with Trump's cronies to discuss how to reverse the election results; in 2024, he also donated tens of millions of dollars to support Trump's campaign. However, OpenAI CEO Sam Altman, who was also present at the White House on the same day, was a Democratic Party donor and Trump critic. To facilitate this event, Ellison helped arrange a call between the two. As far as Ellison is concerned, this White House appearance is a work of him running frantically for two years trying to transform Oracle into an AI giant to the top. The effort began in late 2022: ChatGPT came out of nowhere, shocking the world and starting a battle of contention — everyone wanted to master and control the most disruptive new technology since the birth of the internet. As one of the founders of Silicon Valley and the last person still on the table in that generation, Ellison desperately didn't want to be left behind. He acted quickly and harshly — some would even say almost reckless — to try to turn Oracle into a “hyperscale cloud service provider,” one of the few companies that can provide critical infrastructure and power the AI boom. These efforts have at times brought Ellison into conflict with the Biden administration. The latter has taken a more cautious approach to artificial intelligence and introduced a series of regulatory measures, hoping that the government can take some control over its development process. The Biden team believes that if the US wants to stay ahead in the AI competition, the best way is to control the ability of US companies to provide computing power to foreign countries such as China and the Persian Gulf authoritarian regime. Picture: On January 21, 2025, after announcing the “Stargate” project, President Trump met SoftBank CEO Masayoshi Son, Larry...

22d agoWendy#AI #Larry Ellison #datacenter #lather #depths #Oracle #viewpoints

The most complete compilation | Buffett's latest interview: Gates made mistakes and is still a friend. He personally made a bet on Google, and donated all 140 billion US dollars

Warren Buffett, 95, is rearranging everything he left behind. This time, he wasn't just talking about stocks, it wasn't just about Berkshire Hathaway's succession. In an exclusive interview with CNBC anchor Becky Quick, Buffett explained three decisions that could affect the next few decades: he will no longer give his annual stock donation to the Gates Foundation, but will distribute most of his wealth to his three children; he plans to dispose of his Berkshire shares by the end of 2034 at the latest; at the same time, he acknowledged that Berkshire's Alphabet investment of more than 31 billion US dollars was initially initiated by him himself. From charity and friendship to artificial intelligence, from Apple and Google to the Federal Reserve and market speculation, this interview was almost a phased summary of Buffett's wealth, career, and life. The following content is compiled by the Bitpush team and the original video guide for the interview: https://www.cnbc.com/video/2026/07/15/watch-cnbcs-full-interview-with-berkshire-hathaway-chairman-warren-buffett.html不再捐给盖茨基金会，但这并不等于否定比尔·盖茨外界最关注的问题，是巴菲特为何在持续 The Gates Foundation was excluded from the annual donation list for the first time after almost 20 years of donations. Especially after more material about Bill Gates' relationship with Jeffrey Epstein became public, the decision could easily be interpreted as Buffett's “breaking up” with Gates. But Buffett's answer is far more complicated than this simple narrative. He said he has read a lot of materials about Gates and Epstein since January 2026, including Gates' statements and questioning records when he was sworn in to testify in Congress. In his opinion, some of Gates' choices were indeed “unpleasant,” and Gates himself admitted making mistakes. However, Buffett did not completely deny this old friend morally because of this. He said that he had hired the wrong people and read the wrong friends in his life, only to discover later that the other person wasn't what he had imagined. It is impossible for a person to be 100% correct in all decisions made by intellectuals, nor does being a good person mean never making a wrong choice. His core judgment is that Gates did make mistakes, but he didn't find any mistakes in the available material beyond what he could understand or even imagine he might have made. Gates also eventually ended his relationship with Epstein. In other words, Buffett stopped donating, not defining Gates as an unforgivable person. The couple's personal relationship has not come to an end either. Buffett revealed that Gates made a special trip a few weeks ago, and the two talked for about three hours. Gates already knew that Buffett would no longer donate to the Gates Foundation, and was not surprised by this decision. Buffett still described the relationship between the two since 1991 as “a very beautiful friendship,” and emphasized that over the past few decades, Gates has been the one who took the initiative to arrange meetings and maintain friendship. Buffett explained that what really changed was not his trust in Gates, but his judgment on the abilities of his three children. When he decided to hand over his huge wealth to the Gates Foundation in 2006, he thought his kids weren't ready to manage such huge charitable funds. At that time, although the children were adults and had families of their own, according to Buffett, they still needed time to grow. Nearly 20 years later, things are different. His three children — Susan, Howard, and Peter — have been involved in the work of their respective foundations for a long time and have accumulated experience in charitable projects, organizational governance, and judging social issues. Buffett now believes they can take responsibility for allocating huge amounts of wealth. At the same time, the size of the resources of the Gates Foundation itself had already exceeded the expectations of that year. Buffett has donated nearly 50 billion US dollars to the foundation; the Gates Foundation itself has close to 90 billion US dollars in assets, and Bill Gates personally still has a large amount of wealth ready to be invested in philanthropy. According to Buffett, the Gates Foundation already has a strong enough financial foundation, and there is no need for him to continue concentrating his main charitable resources there. Therefore, this is not a “I used to trust Gates, now I don't trust Gates,” but rather a resource allocation problem: Twenty years ago, the Gates Foundation was better able to handle huge amounts of charitable funds than his children; twenty years later, his child has grown up, and the Gates Foundation has received enough resources. Buffett simply believes that it is the next generation's turn to take responsibility. Buffett gave one this time...

37d agoWendy#AI #Buffett #Charitable foundations #Bill Gates #apples #Google

France's 1.5 million euro crypto fraud case solved, and both mother and son involved were arrested

Comparatively, according to the “Nice Morning News” report, after a year of investigation, police in the French province of Var successfully uncovered a cryptocurrency fraud case involving 1.5 million euros and arrested a mother and son involved in the case. The two carried out a “Rip Deal” (false sale) scam, falsely claiming that they could buy a luxury home on their behalf, trick a wealthy Ramatuelle couple into Milan and demand that the other party pay a 1.5 million euro transaction guarantee fee in cryptocurrency. During the crime, the suspect used a hidden camera to steal the victim's encrypted account information and private keys, and then transferred all of the encrypted assets. The police arrested the mother and son in Cavalaire and simultaneously sealed the suspect's property worth 1.9 million euros. Both suspects have multiple criminal records of fraud. They will be tried on September 1 and face multiple criminal charges related to organized gang fraud.

49d ago

The main culprit of the crypto Ponzi scheme pleads guilty: $400 million of funds were used for luxury homes, supercars, and luxury purchases

Comparing news, Christopher Alexander Delgado, a man from Florida in the US, pleaded guilty to multiple charges of telecom fraud and money laundering. According to the prosecution, it carried out a Ponzi scheme through Goliath Ventures (formerly Gen-Z Venture Firm) in the name of a return on investment from a crypto liquidity pool, absorbing a total of about $400 million in investment capital, which actually caused a loss of about 250 million US dollars. The relevant funds were used to purchase multiple million-dollar luxury homes, luxury cars such as Lamborghini and Rolls-Royce, and a large number of luxury goods and jewellery, as well as high-end party and travel expenses. It has now agreed to seize a number of assets, including real estate, vehicles and luxury goods.

52d ago