TheDinarian
News • Business • Investing & Finance
Your WiFi Can See You
September 20, 2023
post photo preview

When police suspected Danny Kyllo, an Oregon man, of growing cannabis in his home they drove to his house with a thermal imaging device to scan it. They found hot pockets in the house, which were used to obtain a search warrant and subsequently bust Kyllo.

Fortunately, a 5-4 Supreme Court decision ruled the scan an unlawful search under the Fourth Amendment, requiring a warrant the police did not obtain.

Score one for privacy, but the government is about to have a far more controversial and dangerous tool at its disposal to monitor what’s going on inside your home.

Unlike a thermal imager, this device is already in your home – and you put it there.

How It Works

WiFi is electromagnetic waves in the 2.4 and 5 GHz ranges. It’s the same thing as the light you see, only it can penetrate walls due to its much longer wavelength. Just like light (and echolocation) these waves also reflect off various surfaces and, when reconstructed properly, can be used to create an image.

Development of this technology goes back at least as far as July 2005, where researchers claimed at an IEEE Symposium that they had created an ultra-wideband high-resolution short pulse imaging radar system operating around 10 GHz. The applications for which were explicitly for military and police use, providing them with “enhanced situation awareness.”

A few years later, in 2008, researchers at UC Santa Barbara created an initial approach for imaging with WiFi that they presented at IEEE ACC 2009. A year later they demonstrated the feasibility of this approach.

The Race is On

Sensing the potential of this new surveillance technology, other researchers began piling on. Progress was initially slow but, in 2017, two researchers in Germany demonstrated the ability to do WiFi imaging using techniques borrowed from the field of holography. According to Philipp Holl, an undergrad student and lead study author who worked with Friedemann Reinhard of the Technical University of Munich to develop the new method, “The past two years have seen an explosion of methods for passive Wi-Fi imaging.”

At the time, the technology could only make out rough shapes of things. “If there’s a cup of coffee on a table, you may see something is there, but you couldn’t see the shape,” Holl says, “but you could make out the shape of a person, or a dog on a couch. Really any object that’s more than 4 centimeters in size.”

The Controversy Begins

In 2018 the team at UC Santa Barbara published a paper titled “Et Tu Alexa?” examining the potential threats of this emerging technology. They examined the problem of adversarial WiFi sensing and the risk to privacy resulting from the widespread deployment of wireless devices, which could be used to track your precise physical location, movement, and other physiological properties.

Fortunately, they also propose some countermeasures for defending against such attacks to reduce the quantity and quality of the WiFi signals captured by the attacker, such as Geo-fencing and rate-limiting. These methods are not as effective with IoT devices, though, due to the frequency with which they make transmissions.

The Breakthrough

Up until this point it was necessary to use frequencies higher than commercial WiFi (2.4 and 5 GHz) to achieve decent imaging resolutions. That all changed in February 2019 when a team from Michigan State University published a paper in IEEE Access outlining how they were able to use signals at 5.5 GHz, which matches the 802.11n/ac WiFi protocol, to create a 2-D image of two reflecting spheres and a reflecting X-shaped target, concluding “full 2-D imagery is possible by capturing the WiFi signals present in typical environments.”

Adding AI and Going 3-D

At MobiCom 2020, researchers from the University of Buffalo, presented their WiPose technology, touted as “the first 3-D human pose construction framework using commercial WiFi devices.” This system uses the 2-D imaging technology previously discussed to construct a 3-D avatar of the humans captured by it. The system uses a deep learning model that encodes the prior knowledge of human skeletons in the construction process of the 3-D model.

In 2019, former DARPA contractor Ray Liu launched his first commercial product in the WiFi sensing domain. Pitched as a way of “Making the world safer, healthier, and smarter,” the original military and law enforcement usages mentioned when this technology was born in 2005 were cast aside. The company claims the technology is so accurate that it can sense your breathing using nothing but standard WiFi signals.

In a 2021 company blog, Liu discusses the development of IEEE 802.11bf, a new WiFi protocol, which is aimed at standardizing WiFi imaging across all devices – thus making it easier for companies such as his to exploit compatible wireless networks. Liu was elected to serve as IEEE President for 2022, and the new standard continues to be developed to this day.

Further refinements to the imaging technology itself have been made. In late 2021 another paper was submitted to IEEE outlining how the researchers were able to achieve high-resolution imaging results with commercial WiFi signals using beamforming on the 802.11n/ac protocol.

Ready for Production

The perfect WiFi imaging system may have just been introduced to the world in December 2022, when researchers from Carnegie Mellon University married the latest in WiFi sensing technology to a human form estimation engine known as DensePose.

                 (Left Column) image-based DensePose (Right Column) WiFi-based DensePose

DensePose is a technology developed by Meta/Facebook, beginning in 2018. It’s very similar to the WiPose system we previously discussed and aims at “mapping all human pixels of an RGB image to the 3D surface of a human body.” The researchers modified DensePose so that, rather than taking an RGB image, it would be compatible with the imagery being produced by state-of-the-art WiFi sensing technologiesThe resulting system “can detect the pose of humans in a room based solely on the WiFi signals passing through the environment.”

Big Brother’s New Eyes

It’s telling how the pitch for this technology has pivoted from military and police use to keeping people safe in their own homes. The true purpose of this is obviously for law enforcement, the military, and intelligence agencies. We already live with mass digital surveillance and if you don’t believe that this won’t get incorporated into their plans to monitor everything you do, then you haven’t been paying attention.

Apart from putting CCTV cameras in everyone’s living spaces, this technology offers a comprehensive and supremely surreptitious way of putting eyes in every room of your house and place of work. Indeed, this just may become the norm. With nearly a third of Gen Z favoring the installation of government surveillance cameras in your home, this less-intrusive method may just find even broader support from the brainwashed masses. It will be possible to know where you are in the house and exactly what you’re doing, from sitting on the toilet to making love.

We’ve seen how easily intelligence agencies can get secret warrants to surveil anyone of particular interest. We’ve also seen just how easy it is for someone to become a target for surveillance. You very well might, one day, find your WiFi router and access points feeding imagery to an alphabet agency that didn’t like your social media posts, while armed thugs wait for the perfect moment to execute their next no-knock raid.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
👉 BlackRock CEO Larry Fink admits he was wrong about crypto.
00:00:45
🇺🇸 President Trump says there will be no income tax "at some point in the not-too-distant future."

As I have been telling you for a few years now, ALL Tax has ALWAYS been voluntary, since WWII donations started.

He has to do it this way so there isn't a revolution on the government's hands. If THEY just came out and told you it has always been voluntary, the people would rise up and take to the streets. There would be mass chaos. -Crypto Michael ⚡️The Dinarian

00:00:12
🚨 “WHAT HAPPENED IN CRYPTO TODAY” – COINTELEGRAPH’S DAILY WRAP 🚨

Cointelegraph’s live-blog snapshot (edition: 27 Nov 2025) packs the market-moving headlines, on-chain sparks and policy sound-bites that ricocheted through crypto in 24 hrs – from a surprise Basel stablecoin concession to a record open-interest print on BTC futures.

🔑 Key Headlines

🔹️ Basel Boost: BCBS officially dropped the punitive 1 250 % risk-weight for bank-held stablecoins (Tether, USDC) and replaced it with a tiered 20 %–100 % framework – unleashing a 2.4 B intraday rally in stablecoin issuer tokens and bank-centric DeFi plays.

🔹️ BTC Open Interest Record: Aggregate perpetual & futures OI hit 53.8 B (Deribit + CME + Binance) – 7 % above April peak – as whales added 1.1 B long exposure ahead of Friday’s 0-DTE expiry; funding flipped +18 % annualised.

🔹️ Nasdaq Tokenized Equities Live: Nasdaq’s ATS-Clearing hybrid went live with 3 private-company tokens; first trade executed 4.3 M face value in T+0 settlement, marking the first regulated U.S. exchange to custody & ...

00:00:06
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

IOTA’s long term plan?🙇‍♂️

“Continental roll out ACROSS ALL 55 COUNTRIES.”🌐

Op: Smqkedqg

Documented below.📝👇

post photo preview

🚨 SOL & XRP ETFs SURGE AS BTC & ETH BLEED OUT 🚨

Fresh-flow data show a dramatic rotation: XRP and Solana ETFs are stacking record inflows while Bitcoin and Ethereum funds hemorrhage billions—signalling that alt-season may no longer be a meme.

🔑 Flow Scoreboard (Nov–Dec 2025)

🔹️Asset Net Flow Trend 30-Day Highlights

-XRP ETFs 13 straight green days 874 M cumulative inflows; 67.7 M added 3 Dec alone

-SOL ETFs 651 M since Oct 28 launch 45.8 M net inflow 2 Dec; only one red day in five weeks

-BTC ETFs Monthly OUTFLOW -3 B Nov; IBIT bled 120 M 2 Dec despite 58 M daily inflow

-ETH ETFs Monthly OUTFLOW -1 B Nov; flat-lining amid L2 competition & staking yield headwinds

💡 Why the Rotation?

1. Post-Shuttle Liquidity Relief

  • 250 B Treasury General Account draw-down freed USD; alt-coin beta attracted fast-money chasing higher volatility .

2. Regulatory Halo Effect

  • Basel softens stablecoin capital rules + Abu Dhabi RLUSD licence = “payments block-chain” narrative back in vogue—XRP/SOL ...

If you're using a Ledger Nano X, Flex, or Stax device, the most recent update has also introduced a Bluetooth pairing issue....

Not to worry, you just need to delete the existing device pairing and re-pair it to get it working again.

https://support.ledger.com/article/15158192560157-zd

post photo preview
post photo preview
XDC Network's acquisition of Contour Network

XDC Network's acquisition of Contour Network marks a silent shift to connect the digital trade infrastructure to real-time, tokenized settlement rails.

In a world where cross-border payments still take days and trap trillions in idle liquidity, integrating Contour’s trade workflows with XDC Network Blockchains' ISO 20022 financial messaging standard to bridge TradFi and Web3 in Trade Finance.

The Current State of Cross-Border Trade Settlements

Cross-border payments remain one of the most inefficient parts of global finance. For decades, companies have inter-dependency with banks and their correspondent banks across the world, forcing them to maintain trillions of dollars in pre-funded nostro and vostro balances — the capital that sits idle while transactions crawl across borders.

Traditional settlement is slow, often 1–5 days, and often with ~2-3% in FX and conversion fees. For every hour a corporation can’t access its own cash increases the cost of financing, tightens liquidity that could be used for other purposes, which in turn slows economic activity.

Before SWIFT, payments were fully manual. Intermediary banks maintained ledgers, and reconciliation across multiple institutions limited speed and volume.

SWIFT reshaped global payments by introducing a secure, standardized messaging infrastructure through ISO 20022 - which quickly became the language of money for 11,000+ institutions in 200 countries.

But SWIFT only fixed the messaging — not the movement. Actual value still moves through slow, capital-intensive correspondent chains.

Regulated and Compliant Stablecoin such as USDC (Circle) solves the part SWIFT never could: instant, on-chain settlement.

Stablecoin Settlement revamping Trade and Tokenization

Stablecoin such as USDC is a digital token pegged to the US Dollar, still the most widely used currency for trade, enabling the movement of funds instantly 24*7 globally - transparently, instantly, and without the need for any intermediaries and the need to lock in trillions of dollars of idle cash.

Tokenized settlement replaces multi-day reconciliation with on-chain finality, reducing:

  • Dependency on intermediaries
  • Operational friction
  • Trillions locked in idle liquidity

For corporates trapped in long working capital cycles, this is transformative.

Digital dollars like USDC make the process simple:

Fiat → Stablecoin → On-Chain Transfer → Fiat

This hybrid model is already widely used across remittances, payouts, and treasury flows.

But one critical piece of global commerce is still lagging:

👉 Trade finance.

The Missing link is still Trade Finance Infrastructure.

While payments innovation has raced ahead, trade finance infrastructure hasn’t kept up. Document flows, letters of credit, and supply-chain financing remain siloed, paper-heavy, and operationally outdated.

This is exactly where the next breakthrough will happen - and why the recent XDC Network acquisition of Contour is a silent revolution.

It transforms to a new era of trade-driven liquidity through an end-to-end digital trade from shipping docs to payment confirmation – one infrastructure that powers all.

The breakthrough won’t come from payments alone — it will come from connecting trade finance to real-time settlement rails.

The XDC + Contour Shift: A Silent Revolution

  • Contour already connects global banks and corporates through digital LCs and digitized trade workflows.
  • XDC Blockchain brings a settlement layer built for speed, tokenization, and institutional-grade interoperability and ISO 20022 messaging compatibility

Contour’s digital letter of credit workflows will be integrated with XDC’s blockchain network to streamline trade documentation and settlement.

Together, they form the first end-to-end digital trade finance network linking:

Documentation → Validation → Settlement all under a single infrastructure.

XDC Ventures (XVC.TECH) is launching a Stable-Coin Lab to work with financial institutions on regulated stablecoin pilots for trade to deepen institutional trade-finance integration through launch of pilots with banks and corporates for regulated stable-coin issuance and settlement.

The Bottom Line

Payments alone won’t transform Global Trade Finance — Trade finance + Tokenized Settlement will.

This is the shift happening underway XDC Network's acquisition of Contour is the quiet catalyst.

Learn how trade finance is being revolutionised:

https://www.reuters.com/press-releases/xdc-ventures-acquires-contour-network-launches-stablecoin-lab-trade-finance-2025-10-22/

Source

🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

Read full Article
post photo preview
Inside The Deal That Made Polymarket’s Founder One Of The Youngest Billionaires On Earth🌍

One year ago, the FBI raided Polymarket founder Shayne Coplan’s apartment. Now, the college dropout is a billionaire at age 27.

In July, Jeffrey Sprecher, the 70-year-old billionaire CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, sat at Manhatta, an upscale restaurant in the financial district overlooking the sprawling New York City skyline from the 60th floor. As a sommelier weaved through tables pouring wine, in walked Shayne Coplan—in a T-shirt and jeans, clutching a plastic water bottle and a paper bag with a bagel he’d picked up en route. Sprecher chuckles as he recalls his first impression of the boyish, eccentric entrepreneur: “An old bald guy that works at the New York Stock Exchange, where we require that you wear a suit and tie, next to a mop-headed guy in a T-shirt that's 27.” But Sprecher was fascinated by Polymarket, Coplan’s blockchain-based prediction market, and after dinner, he made his move: “I asked Shayne if he would consider selling us his company.”

Prediction markets like Polymarket let thousands of ordinary people bet on future events—the unemployment rate, say, or when BitCoin will hit an all-time high. In aggregate, prediction market bets have proven to be something of a crystal ball with the wisdom of the crowd often proving itself more prescient than expert opinion. For instance, Polymarket punters predicted that Trump would prevail in the 2024 presidential election, when many national pundits were sure that Kamala Harris would win.

Coplan initially turned down Sprecher’s buyout offer. But discussions led to negotiations and eventually a deal. In October, Intercontinental announced it had invested $2 billion for an up to 25% stake in the company, bringing the young solo founder the balance he was looking for. “We're consumer, we’re viral, we're culture. They’re finance, they’re headless and they’re infrastructure,” Coplan tells Forbes in a recent interview.

At the same time, Coplan announced investments from other billionaires including Figma’s Dylan Field, Zynga’s Mark Pincus, Uber’s Travis Kalanick and hedge fund manager Glenn Dubin. A longtime Red Hot Chili Peppers fan, Coplan even convinced lead singer Anthony Kiedis to invest after a mutual acquaintance brought the musician to Coplan’s apartment one day. “He's buzzing my door, and I’m like, ‘holy shit,'” Coplan recalls, his bright blue eyes widening. “I love their music. A lot of the inspiration [for my work] comes from the music that I listen to.”

Thanks to the deals, Polymarket’s valuation quickly shot to $9 billion, making the 2025 Under 30 alum the world’s youngest self-made billionaire, with an estimated 11% stake worth $1 billion. His reign was short: twenty days later, he was overtaken as the youngest by the three 22-year-old founders of AI startup Mercor.

Young entrepreneurs are minting ten-figure fortunes faster than ever. In addition to the Mercor trio and Coplan, 15 other Under 30 alumni—including ScaleAI cofounder Lucy Guo, Reddit’s Steve Huffman and Cursor’s cofounders—became billionaires this year, while Guo’s cofounder Alexandr Wang and Robinhood’s Vlad Tenev (both former Under 30 honorees) regained their billionaire status after having fallen out of the ranks.

The budding billionaire has long been fascinated by markets and tech. When he was just 14, Coplan emailed the regional Securities and Exchange Commission office to ask how to create new marketplaces. “I did not get a response, but it’s a really funny email,” he says, grinning playfully as he thinks of his younger self. “It just shows that this stuff takes over a decade of percolating in your mind.”

Two years later, Coplan showed up at the offices of internet startup Genius uninvited after multiple emails of his asking for an internship went ignored. At age 16—at least a decade younger than anyone in that office—he secured his first job after making a memorable impression with his “wild curls” and “encyclopedic knowledge of billionaire tech entrepreneurs.” “If he chooses to become a tech entrepreneur, which seems likely, I have no doubt that we’ll be seeing his name again in the press before long,” Chris Glazek, his manager at the time, wrote in Coplan’s college recommendation letter.

Coplan went on to study computer science at NYU, but dropped out in 2017 to work on various crypto projects that never took off. In 2020, he founded Polymarket to create a solution to the “rampant misinformation” he saw in the world: The company’s first market allowed users to bet on when New York City would reopen amid the pandemic. He soon expanded into elections and pop culture happenings, among other events.

But it didn’t take long for the company to butt heads with regulators. In January 2022, Polymarket paid a $1.4 million fine to the Commodity Futures Trading Commission for offering unregistered markets. It was also ordered to block all U.S. users, but activity on Polymarket skyrocketed particularly during the 2024 U.S. presidential election, with bets totaling $3.6 billion. A week after the election, the FBI raided Coplan's apartment and seized his devices as part of an investigation into a possible violation of this agreement. Shortly after, Coplan posted on his X account that he saw the raid as “a last-ditch effort” from the Biden administration “to go after companies they deem to be associated with political opponents.”

In July, the Department of Justice and CFTC dropped the investigations—after which Sprecher reached out to Coplan for dinner—and less than a week later, Polymarket announced it had acquired CFTC-licensed derivatives exchange QCX to prepare for a compliant U.S. launch. QCX applied to be a federally-registered exchange in 2022—an application that was left dormant for three years before receiving approval less than two weeks before the acquisition was announced. When asked about the timing of the deal, Coplan points to CFTC acting chairwoman Caroline Pham, who President Trump tapped to lead the agency in January. “Caroline deserves a lot of credit for getting every single license that had been paused for no reason approved, as acting chairwoman in less than a year,” he says. Coplan had realized an acquisition might be the only way for Polymarket to legally operate in the U.S. as early as 2021 due to the lengthy federal approval process, a source familiar with the deal told Forbes.

Just two months after the acquisition and days after Donald Trump Jr. joined Polymarket’s advisory board, the company received federal approval to launch in the U.S. (Trump Jr. has also served as a strategic advisor to Polymarket’s main competitor Kalshi since January.)

Polymarket’s rapid rise has drawn critics. Dennis Kelleher, co-founder and CEO of Washington-based financial advocacy group Better Markets, told Forbes in an email that the current administration’s deregulation around prediction markets has unlocked a regulatory “loophole” to enable “unregulated gambling” under the CFTC, “which has zero expertise, capacity or resources to regulate and police these markets.” Kelleher added that with backing from the Trump family “who are directly trying to profit on this new gambling den… the massive deregulation and crypto hysteria will almost certainly end badly for the American people.”

Investors and businesses are scrambling to seize the moment of deregulation. “We had opportunities to invest in events markets earlier, but there was a lot of risk,” Sprecher says, listing the regulatory changes in favor of crypto and prediction markets under the current administration. “This was the moment to invest if we wanted to still be early in the space.”

In the last few months, Trump’s Truth Social and sportsbook FanDuel, as well as cryptocurrency exchanges Crypto.com, Coinbase and Gemini all announced their own plans to offer prediction markets. Robinhood CEO Vlad Tenev said prediction markets, which were integrated into its platform in March, were helping drive record activity for the retail brokerage in its third quarter earnings call.

“People are starting to realize right now that the opportunities are endless,” says Dubin, the billionaire hedge fund veteran who invested in Polymarket earlier this year. He points to sports betting companies, which have been regulated by states as gambling activity and taxed accordingly. States like New York can tax up to 51% of sportsbooks’ revenue, but federally-regulated prediction markets can bypass state laws, avoiding taxes and operating in all 50 states. With the realization that prediction markets could upend the sports betting industry—which brought in $13.7 billion in revenue in 2024—businesses are quickly jumping on board despite pushback from state gambling regulators. In October, both Polymarket and Kalshi secured partnerships with sportsbook PrizePicks and the National Hockey League, and Polymarket announced exclusive partnerships with sportsbook DraftKings and the Ultimate Fighting Championship.

The disruption won’t be limited to sports betting. Alongside its investment, Intercontinental’s tens of thousands of institutional clients including large hedge funds and over 750 third-party providers of data will soon have access to Polymarket data, as it gets integrated into Intercontinental’s products such as indices to better inform investment decisions. It also hopes to work with Polymarket to work on initiatives around tokenization—or converting financial assets into digital tokens on blockchain technology—to allow traders on Intercontinental’s exchanges to trade more flexibly at all hours of the day, Sprecher says. What’s more, in November, Google Finance announced it would integrate Polymarket and Kalshi data into its search results, while Yahoo Finance also announced an exclusive partnership with Polymarket.

Despite flashy investors, partnerships and a record $2.4 billion of trading volume in November, Polymarket has yet to launch in the U.S. or turn a profit. Coplan and his investors have hinted at ways the company could make money one day—selling its data, charging fees to users, launching a cryptocurrency token (similar to Ethereum or Bitcoin)—but decline to confirm any specifics. For now, the only thing that’s certain is the bet Coplan is making on himself. “Going for it and having it not pan out is an infinitely better outcome than living your life as a what if,” he says.

Standing across from the New York Stock Exchange building, Coplan tilts his head up as he watches a massive banner with Polymarket’s logo get hoisted onto the exterior of the building. It’s been five years since founding. One year since the FBI raid. He’s taking it all in. “Against all odds,” the bright blue banner reads, rippling in the wind alongside three American flags protruding from the building.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
Epstein-Linked Emails Expose Funding Ties to Bitcoin Core Development — Here Is What the Documents Reveal
  • Newly released emails show Jeffrey Epstein helped fund MIT’s Digital Currency Initiative, which supported Bitcoin Core development.
  • The documents also confirm that Leon Black donated to MIT’s Media Lab through Epstein-directed channels.
  • The revelations reshape part of Bitcoin’s early institutional funding history and highlight long-hidden influence from controversial donors.

Newly unsealed emails from the House Oversight Committee have shed fresh light on Jeffrey Epstein’s hidden financial influence inside MIT’s Media Lab — and more importantly, how some of that money flowed into Bitcoin Core development. The correspondence reveals that Joichi Ito, then-director of the MIT Media Lab, relied on Epstein-connected “gift funds” to rapidly launch the Digital Currency Initiative (DCI) in 2015, the research hub that became one of the primary sources of funding for Bitcoin’s core developers.

Emails Show Epstein-Connected Money Helped Launch MIT’s Digital Currency Initiative

In the newly surfaced emails, Ito directly thanked Epstein for the financial help that allowed MIT to “move quickly and win this round,” referring to the formation of DCI — a program explicitly designed to provide long-term support for Bitcoin Core contributors after the collapse of the Bitcoin Foundation. Ito’s forwarded message to Epstein described how the foundation’s implosion left core developers without stable funding, creating an opening for MIT to bring them under its umbrella.

He explained that three major developers — including Wladimir van der Laan and Cory Fields — agreed to join MIT, calling it “a big win for us.” The email also highlighted early support from prominent academics, including cryptographer Ron Rivest and IMF economist Simon Johnson. Epstein simply replied: “gavin is clever.”

Funding Numbers Reveal a Much Larger Financial Trail

MIT publicly claimed that Epstein donated $850,000 to the institution, with $525,000 flowing to the Media Lab. But journalist Ronan Farrow later reported the true figure was closer to $7.5 million — including a $5 million anonymous donation connected to Epstein associate Leon Black. The new emails appear to confirm that Black not only donated, but did so through Epstein’s direction.

One email from Ito to Epstein reads: “We were able to keep the Leon Black money, but the $25K from your foundation is getting bounced by MIT back to ASU.”

 

Epstein responded: “No problem — trying to get more black for you.”

The documents reveal Epstein’s influence reached deeper into Bitcoin circles than previously acknowledged, even including early conversations with Brock Pierce — another figure with documented ties to both Epstein and controversy surrounding early crypto foundations.

MIT’s Internal Concerns and the Fallout

The emails also expose MIT’s internal unease around anonymous or reputationally risky donations. After the scandal broke, Ito resigned in 2019. MIT later tightened donation policies, warning that “everything becomes public” eventually — a statement that now seems prophetic given this week’s disclosures.

Developers like Wladimir van der Laan say they were unaware of the extent of Epstein’s involvement and noted that DCI’s funding transparency “was not great back in the day.” The Media Lab and DCI declined to comment.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal
2) Simply scan the QR code below 📲 or visit HERE

🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals