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July 16, 2023
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Extremist-friendly tech company closes after fine for securities fraud

Source: theguardian.com theguardian.com
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LBRY, the company whose video-sharing technology and bespoke cryptocurrency once powered the extremist-friendly video platform Odysee, announced on Twitter this week that it would close its doors after a federal judge in New Hampshire fined the firm more than $111,000 for securities fraud. The announcement saw the value of its LBRY Credit (LBC) cryptocurrency – which was at the center of the Security and Exchange Commission’s (SEC’s) two-year prosecution of the company – sink to around 1/3000th of a cent by Thursday night. Experts say that Twitter’s more receptive attitude to extremists (just this week, far-right influencers bragged about the...
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