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.
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