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Man Sold Rare Wu-Tang Album and Broke Rules
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Beginner
Beginner
FILE - Martin Shkreli is interviewed on the Fox Business Network in New York, Aug. 15, 2017. Shkreli is facing a new lawsuit for allegedly retaining and sharing recordings from a one-of-a-kind Wu-Tang Clan album that he was forced to sell following his 2017 conviction on securities fraud charges. The lawsuit was brought Monday, June 10, 2024, by a cryptocurrency collective, PleasrDAO, which purchased the only known copy of the album from Shkreli for $4.75 million. (AP Photo/Richard Drew, File)

Man Sold Rare Wu-Tang Album and Broke Rules

June 11th, 2024

A man named Martin Shkreli has a problem. He used to have a very special music album by Wu-Tang Clan. It was the only one in the world! But he did something wrong and had to sell it. A group with a long name that likes to use internet money bought this album from Shkreli. They paid a lot of money: $4.75 million! Now, the group is saying that Shkreli did not follow the rules. They think he kept some of the music and told many people about it on the internet. They are not happy because the music is secret and very special. They wanted to keep it that way, but now they are worried it's not special anymore because Shkreli told people about it. They are telling the court about their problem and hope it can be fixed. They thought Shkreli had gotten rid of the music, but it seems he did not. The group wants to do fun things with this music, but Shkreli’s actions might make it difficult. The album is also going on a trip to a museum in Australia. The museum wants to let some people listen to it a little bit. That's what's happening with Shkreli and the very special music album.
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💭 Discussion Questions


1
. Who had a very special music album by Wu-Tang Clan?
2
. What did the group with a long name use to buy the album?
3
. Where is the album going to travel to?

📖 Vocabulary


🌐 Cultural context


Martin Shkreli is from the United States. Wu-Tang Clan is a famous American music group. The album is unique and was sold for a lot of money. The new owners are upset that Shkreli shared the music, which was meant to be private. They're seeking legal help.

🧠 Further reading


Liberation 2
Talib Kweli and Madlib are two American hip hop artists. They made a new music album in 2023. It is called Liberation 2. It is like their older music from 2007. A music writer, Riley Wallace, thinks this album is very good. He gives it 4.5 out of 5. He says it is a special album that will last a long time. Another writer, Sy Shackleford, likes it too. But he does not like some of the music sounds. The album has many songs. Some of the names are "Assata's Code," "Best Year Ever," and "Air Quotes." There are 14 songs in total. Many people helped make this album. Talib Kweli did the rapping. Madlib did rapping and made the music. Other artists helped too. They rapped, sang, and played instruments. This album is one of many new albums in 2023. There is a website for the album.

Cryptocurrency wallet
A cryptocurrency wallet keeps your cryptocurrency safe. It can be a thing you hold, a computer program, or a service on the internet. It holds two types of keys. These keys let you do different things with your cryptocurrency, like making it work with smart contracts, making payments, proving who you are, or signing things like forms. The first cryptocurrency was Bitcoin. It started in 2008. Satoshi Nakamoto wrote about it. It was a new way to use money online without needing to trust other people. People could check and keep a record of their Bitcoin money themselves. Now, there are many places online where you can trade cryptocurrencies. Some big ones are Binance, Coinbase, and Robinhood. There are also special wallets like Ledger and MetaMask to help you keep your cryptocurrency safe. The first kind of cryptocurrency wallet was made for Bitcoin. It came out in January 2009. It has changed a lot since then. Bitcoin Core is a popular version that lots of people use. There are also other versions of this wallet.

Contract
A contract is like a promise between two or more people. They agree to do something, like sharing things or services. Each person in the contract has to do what they said they would do. If someone does not keep the promise, the other person can ask for help from the law. Contracts can be different in different places. Some need a special something to be real, while others just need people to agree. Different countries have different rules for contracts. Even when people from many countries make a contract, there is a big set of rules to help them. This big list of rules is like a guide for making contracts that work everywhere.