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Seqouia Capital Partner's Data Hacked as Part of Coinbase Breach

Seqouia Capital Partner's Data Hacked as Part of Coinbase Breach

Bloomberg16-05-2025

By
Sequoia Capital Managing Partner Roelof Botha was among the Coinbase Global Inc. customers whose personal information was stolen as part of a hack against the largest US crypto exchange, a person familiar with the situation said, signaling that high-profile executives were among the targets of the breach.
Personal information about Botha, including his phone number, address and other details associated with his Coinbase account, were stolen, the person said, asking not to be identified discussing private matters.

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Jorge López is out as the Nationals' bullpen moves on
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Jorge López is out as the Nationals' bullpen moves on

PHOENIX — The Washington Nationals' Opening Day bullpen featured four veterans. One, closer Kyle Finnegan, was a familiar face. The three others — Colin Poche, Lucas Sims and Jorge López — were newcomers asked to bridge the sixth, seventh and eighth innings. All three are now gone after the Nationals designated López for assignment before Saturday night's game at the Arizona Diamondbacks. Poche was designated for assignment May 1 and elected to become a free agent three days later, and Sims was released May 10. In Saturday's corresponding roster move, the Nationals recalled right-hander Eduardo Salazar from Class AAA Rochester. Salazar, 27, had pitched to a 1.74 ERA in nine appearances with the Red Wings after struggling to a 9.77 ERA in 17 outings for the Nationals. López, 32, posted a 6.57 ERA in 26 appearances. 'It was all about he has ups and downs so far this year,' Manager Dave Martinez said. 'It got to the point where you saw what [Brad] Lord did [in Friday's win, throwing scoreless seventh and eighth innings]. And I felt like now's the time to really try to focus and give our young kids a shot to go ahead and do what they've been doing.' Sims, Poche and López combined to allow 48 earned runs in 45⅔ innings — a 9.46 ERA. Finnegan had a 2.61 ERA and 16 saves entering Saturday. 'Sometimes places aren't the right fit,' Martinez said. 'And I don't think this was the right fit for [López].' López was on a one-year contract worth $3 million with performance incentives. Just over a year earlier — May 29, 2024 — the New York Mets designated him for assignment after he threw his glove into the stands following his ejection. On May 29 this year, Martinez had to make the unconventional decision to visit the mound himself to calm down López after the righty became heated while arguing balls and strikes. He proceeded to allow two runs, letting the Seattle Mariners tie the score before the Nationals won in 10 innings. 'It was tough,' Martinez said. 'I can't sit here and lie — I wasn't happy about that whole situation. He needs to focus. He needs to understand that, in situations like that, he needs to get to that next pitch.' Cole Henry, Jackson Rutledge and Lord are expected to join Jose A. Ferrer as the Nationals' setup men, giving Martinez a chance to mix and match based on opponents' weaknesses. Salazar is likely to pitch in low-leverage situations for now. 'Just cleared my mind for a bit,' Salazar said through an interpreter of his stint with Rochester. '[I have to] be aggressive in the strike zone.'

Curating Freeports And Foreign Asset Protection With Evolving Tariffs
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time14 minutes ago

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Curating Freeports And Foreign Asset Protection With Evolving Tariffs

The season finale of Daredevil: Born Again referenced a fictional freeport in the Red Hook neighborhood of Brooklyn, New York which the villain, Kingpin was using to shield illicit assets from tax and tariffs. This nod in popular entertainment to a classic tax-efficiency strategy, especially for wealthy collectors of art, highlights the concern that freeports are also a breeding ground for illicit activities, such as money laundering. Unlike Foreign Asset Protection Trusts (FAPT), the use of freeports to limit tax exposure and obtain more security and privacy in the storage and transfer of luxury goods, such as fine art and wines, cryptocurrency, and classic cars was generally only accessible and known among the uber-wealthy. However, in past few years, the European Union has focused its attention on regulating activities in freeports, especially after increasing instances of use of these freeports, including those in Switzerland and Geneva, for illegitimate activities. 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Using a Foreign Asset Protection Trust (FAPT) or similar irrevocable trust structures and independent entities in conjunction with storing assets in freeports may provide additional layers of security and opportunities for further tax mitigation. A FAPT enables a U.S. citizen to transfer assets to be held in a foreign jurisdiction while protecting it from domestic creditors because of the limited jurisdiction of the legal system across borders. Assets stored in a freeport may use a FAPT or other entity to be the owner of the asset to provide layered protection as well. A FAPT imposes a significantly higher burden of proof for creditors attempting to claim fraudulent transfer, shorter statute of limitations in many foreign jurisdictions, thus reducing the window for litigation, and, in some cases, favorable tax benefits. 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Move to Canada? Migrants Face ‘No Good Options' After Supreme Court Ruling.
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New York Times

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Move to Canada? Migrants Face ‘No Good Options' After Supreme Court Ruling.

On weekend mornings, the La Boulangerie Bakery in East Orange, N.J., is normally bustling with customers who come for its Haitian baked goods, cookies and coconut sweets. It was empty on Saturday, a day after a Supreme Court ruling made many Haitians and other immigrants who came to the United States legally vulnerable to deportation. 'Look around,' said the owner, Rosemond Clerval, 50. 'People are afraid.' The Supreme Court on Friday allowed the Trump administration to revoke temporary legal status from immigrants who qualified for humanitarian parole under a program that began in 2022 and 2023 under the Biden administration. It allowed certain immigrants from Cuba, Haiti, Nicaragua and Venezuela to come to the United States and stay for up to two years. Now, tens of thousands of immigrants who only recently fled instability in their home countries and thought they had found a temporary legal refuge in the United States are facing a daunting, new dilemma. Where to go from here? Some were making plans to move to Canada, rather than face being picked up by Immigration and Customs Enforcement, said Jeffrey Thielman, the president of the International Institute of New England, which works with refugees and immigrants in the Boston area and beyond. 'They're trying to figure out where else they can go,' Mr. Thielman said. 'The bottom line is that these folks can't go back to Haiti.' Want all of The Times? Subscribe.

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