🥛 fkSBF is testifying. Here's what to expect... ⚖️

PLUS: this guy has 2 guesses left to unlock $240M+ worth of BTC 👀                                                                                                                                                                                                                                                                                                                                                                                                                 October 26, 2023 | [Read Online]( Today’s edition is brought to you by [Origin Protocol]( - deposit your ETH or staked ETH to earn additional yield from a basket of LSDs and DeFi strategies. [Boost your ETH yield!]( GM. This is Milk Road, the crypto newsletter that’s like catching all green lights on your way home - we get you to your destination quick & easy. Here’s what we got today: - fkSBF is testifying ⚖️ - The solution to falling ETH staking yields 👀 - 2 guesses left to unlock $240M+ worth of BTC 🔓 - Mastercard is teaming up with MoonPay 🍪 [Prices as of 10:30 AM ET. Click here for our Fear & Greed Index]( FKSBF IS TESTIFYING ⚖️ Ladies & gents, it’s happening… Sam Bankman-Fried (formerly-known-as-SBF, or fkSBF for short) is going to take the stand today. Here’s what you need to know: - The prosecution will call its last expert witness this morning. FBI agent Mark Troiano will testify about FTX’s use of auto-delete for internal communications. - Then it’s the defense’s turn to make its case. fkSBF and his lawyers go from defense → offense. - Recent court filings show the defense plans to call on 6 potential witnesses to testify. Only one of the witnesses’ identities has been revealed: Joseph Pimbley - a finance expert who will testify about FTX’s financials. - fkSBF is set to take the stand today. It’s expected his testimony will probably take up the entire day. - Then the prosecution will get to cross-examine fkSBF. If all goes according to plan, this will start on Friday. Milk Road Take: When fkSBF got arrested 11 months ago, Milk Road HQ stocked up on champagne bottles to celebrate. We saved a few and labeled them, “Open-When-fkSBF-Takes-The-Stand”. Today, Milk Road HQ looks like this… All jokes aside, we expect today to be an easier day for fkSBF. His attorneys are gonna tee up soft, easy questions for fkSBF to hit home runs. But tomorrow’s cross-examination is a whole different ballgame. That’s where the 100 mph fastball questions are gonna be thrown. We’ll see if fkSBF can take the heat then. (Our prediction: he won’t be able to. The [last time]( we saw fkSBF in a debate/argument, he folded like a chair. We fully expect him to crumble again.) [tw profile: Emperor Osmo🧪] Emperor Osmo🧪 @Flowslikeosmo [tw] A liquid staking platform has seen revenue skyrocket by +374.0% over the past 3 months. Revamped tokenomics and high yields make this an undervalued play to watch in the growing liquid staking narrative. Let's dive into one of the best ways to grow your ETH stack. 🧵⬇️ Oct 12, 2023 56 Likes 12 Retweets 6 Replies [THE SOLUTION TO FALLING ETH STAKING YIELDS]( Ethereum is facing a major problem: ETH staking yields have fallen off a cliff. The sad truth is that few people are using the network, and validators are feeling the pain. But not all staking projects are sharing in that pain. Enter [Origin Protocol](. They’ve weathered the storm and have been yielding 50%+ more than others. And after a recent governance proposal, holders of their native token ([$OGV]() get a piece of the protocol’s revenue. Here’s how [Origin ETH]( works: - Users deposit ETH, stETH, rETH, or frxETH to mint Origin Ether (OETH), or swap for OETH on a DEX - OETH earns validator rewards from staking as well as additional yield from DeFi - Staking rewards are issued daily, with no gas fees required And when it comes to security, they don’t cut corners. They’re audited by the same folks that audit Coinbase and The Ethereum Foundation. [Boost your ETH yield with Origin!]( 2 GUESSES LEFT TO UNLOCK $240M+ WORTH OF BTC 👀 Earlier this year we talked about the crazy story of [Stefan Thomas](. - He’s the former Chief Technology Officer of Ripple - He got paid 7,002 BTC to make a YouTube video called “What is Bitcoin?” back in 2011 (worth ~$244M [at today’s prices]() - He put the Bitcoin on an encrypted USB device but then lost the password to it and hasn’t had access since Over the last 12 years, Stefan has been trying to guess the password to regain access to his now-9-figure fortune. It’s been twelve years of torture. The bad news? He only gets 10 guesses. After 10 failed tries, the device permanently encrypts its content (i.e. the BTC will be lost forever) Stefan’s already used up 8 of his guesses. *gulp* The good news? Unciphered (a cybersecurity company that specializes in crypto recovery) thinks they can get Stefan his BTC. The company claims: - It’s developed a “secret IronKey password-cracking technique” that gives them infinite password attempts - not just 10. - It’s unlocked the same device Stefan has (2011 IronKey) over a thousand times, without destroying or damaging it. - It’s done 3 demonstrations for WIRED. And Unciphered just wrote an open letter to Stefan to convince him to let them try on his device… [Source: @UncipheredLLC]( The problem? Stefan isn’t budging. He says he hired another cybersecurity company and an independent security researcher and wants to give them more time before looking elsewhere. Turns out, Stefan is harder to crack than the IronKey itself. Question of the Day: we’re curious… what would you do if you were in Stefan’s shoes? What would you do if you were Stefan Thomas? - [Give it more time - there are only 2 tries left, gotta be wise!]( - [Give Unciphered a try - f*ck it, gotta risk it for the $240M biscuit!]( BITE-SIZED COOKIES 🍪 [Mastercard is teaming up with MoonPay](. ​​MoonPay will incorporate compliance-friendly Mastercard's Crypto Credential system and integrate payment tech like Mastercard Send and Click to Pay. [Vodafone’s Digital Asset Broker (DAB) ran a proof of concept with Chainlink Labs to support its trade processes.]( The companies used Chainlink's cross-chain interoperability protocol (CCIP) to provide security and interoperability as data and tokens were shared across public and private blockchains. [Crypto’s Fear & Greed Index hit its highest level (72) since November 2021.]( *sniff sniff* nothing but greed in the air! (btw, don’t know wtf the fear & greed index is? We got you covered [here](.) [Polygon’s new crypto token (POL) is live on Ethereum’s mainnet.](The new token is designed to support a vast ecosystem of various zero knowledge layer-2 chains through a native re-staking protocol. [LayerZero launched a new omnichain token](. This will give users the ability to move wrapped stETH tokens (wstETH) from the liquid staking protocol Lido Finance across Ethereum, Avalanche, BNB Chain, and Scroll. MILKY MEMES 🤣 [Source: @0xgaut]( [Source: Reddit]( HIT THE INBOX OF 250K+ CRYPTO INVESTORS Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. [Get in touch today](. What'd you think of today's edition? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving The Next 10x Opportunity in Crypto for 2023. [The Next 10x Opportunity in Crypto for 2023]( [Click to Share]( Or copy and paste this link to others: ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] Even Vitalik knows SBFs done for... Oct 26, 2023 0 Likes 0 Retweets 0 Replies DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. [tw]( [ig]( [yt]( [tk]( [in]( Update your email preferences or unsubscribe [here]( © 2023 Milk Road 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States