Experts say LBRY’s failure casts shadow on future of other ‘alt-tech’ sites as Twitter becomes more receptive to far right
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.
About Author
More Stories
New AI test can predict which men will benefit from prostate cancer drug
Elon Musk shows he still has the White House’s ear on Trump’s Middle East trip
Immunotherapy trial helps cancer patients with tumours live 40% longer