Bank of America Broke the Law for 7 Years. Samourai Devs Got Prison. | Rabbit Hole Recap

<p>Bank of America admitted it willfully broke the Bank Secrecy Act for seven years, paid $1.2 billion and nobody is going to jail. The Samourai Wallet devs wrote software that never touched a dime of anyone's money and they're sitting in federal prison. </p>

<p>Marty Bent and Thomas Pacchia are live in New York to break down the two-tier justice system, the central bankers' bank admitting money runs on bailouts, and the rest of the week in bitcoin, AI and freedom tech. </p>

<p>On today's show: </p>

<p>⚖️ Bank of America's $1.2B fine vs. Samourai and Roman Storm: FinCEN told SDNY Samourai wasn't a money transmitter. They charged them anyway. </p>

<p>🏦 The OCC's debanking report: banks cut off bitcoin businesses and used SAR secrecy to explain nothing </p>

<p>📜 The BIS says money needs "backstops that socialise the inherent fragility." Translation: bailouts. They also admit bitcoin removes trust in an issuer. </p>

<p>🔓 Ledger drain update: a confirmed hardware implant, $100M+ taken from 300+ wallets, and how to buy and verify a hardware wallet </p>

<p>🤖 If copying is free, what's left to own? AI clones of Word, Xbox embracing decompiles and a dead QuickBooks license </p>

<p>⚡️ DOE puts PJM's backup generators on standby in October, and why miners are the best load on the grid </p>

<p>📉 Measured in gold, the average Brit is poorer than in 1975 </p>

<p>Drop your questions in the chat. We'll get to as many as we can. </p>

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