FTX ISNT OVER

I wanted to create a post highlighting FTX and their clearing services. I may break down FTX into multiple threads because of how massive this scheme is. This involves many hours of research, and unsolved mysteries using public data to bring together correlations.

Tether's overnight reverse repos have gone from 8.3bn to 9.3bn to 11.3bn in the past 3 quarters.

Arranging 1-day loans of $11bn in treasuries is pretty impressive for a company that has trouble getting banking.

Then again I suppose they are old pros at one-day loans...

Wow FTX plugging a capital hole in Tether’s bank with customer money. That seems like not ordinary Tuesday sort of international banking.

Yesterday the independent examiner in the FTX bankruptcy released his report. restructuring.ra.kroll.com/FTX/Home-Downl…

This was an exciting section of the table of contents...

Ryan Selkis has invested in frauds like Do Kwon's $LUNA and shilled frauds like BlockFi and Tether.

He's routinely made a habit of attacking whistleblowers, which is why he acts so shocked when the same schemes he's promoted end up blowing up in his face.

Who else would come up

Binance aren't the only exchange bribing people to complete KYC - many others such as BTCC do the same.

It also seems like the more spammy the exchange is, the more they offer - BTCC offers nearly 7x as much as 'nance (a whole $20, just to get people to go through the

ℹ️🖇️The Tether Cartel has 2 interlinked arms

1) Money laundering

2)Market manipulation

$USDT is the vehicle to convert dirty crime $, while the 'crypto market' washes it via trading desks/exchanges

They pump crypto to keep 'clean' degen cash flowing to mix w/ the dirty $

🚨 We read the 230-page investigation into FTX so you don’t have to protos.com/we-read-the-23…

Oh so this is adjacent to an interesting topic.

Pretend you are a financial institution that was at no point a confessed criminal conspiracy. You determine that you have a large, large number of customers who need a KYC update. Would you run this promotion?

How’s knowingly working for a criminal money laundering operation working out for you?

Nobody gets away with anything.

AI is going to change the world.

AI:

Imagine if your bank paid you $3 to complete mandatory KYC. The idea is laughable, because they're mandated to collect that information, hence there's never a payout for filling out the forms.

Meanwhile at #Binance , they are trying to pay out $3 $USDT bribes to verify their ID.

I pieced together the bizarre story of Lin Rui-siang, the 23-year-old accused of running the $100 million Incognito dark web drug market, stealing from and then extorting his own users...and finally landing a gig training cops to fight crypto crime. 🙃 wired.com/story/lin-rui-…

Fwiw, while Deltec may still be involved with Tether and Finex, Capital Union and Britannia are the banks people should pay attention to, and I’m sure there’s many more that are dotted in international jurisdictions.

Coinbase accused of celebrating ‘Shitcoin Pizza Day’ with USDC promo protos.com/coinbase-accus…

Manipulating Token Stats On Crypto Data Sites

One of the more egregious tactics used by projects to market their tokens and give a fake impression of demand is to 'hack' the trending lists on crypto data sites like CoinMarketCap, CoinGecko and DEXTools

There are many

What brings together: Russia, Chechen Jihadists, Syria, and Palestinian Resistance Fighters (that would be Hamas) in a single headline?

Tether! (and Tron), of course.

memri.org/cjlab/russian-…

Paolo and BitFinex Securities love to tout how they’re tokenized securities platform will revolutionize capital raising.

10 days ago they launched a $6.5mm USD (not Tether) 5 year/10% tokenized bond to finance El Salvador International Airport’s first hotel. This is also their