Discover and read the best of Twitter Threads about #cryptocom

Most recents (24)

why is Wacky Cathie's "big ideas" presentation on bitcoin lying about #Binance & #CryptoCom's proof of reserves?

- the #CryptoCom one literally redacted all the numbers. #notajoke

- both those pieces of paper were *immediately* retracted by the auditors… Image
🧵 this is #CryptoCom's "proof of reserves" that Wacky Cathie's ARK website claims was done in 2022 👇. it existed in public for 5 days before the auditor Mazars was like "just kidding!" and deleted that entire part of the website. $ARKK $ARKW $ARKF $ARKG
🧵 maybe @SECGov @SECEnfDirector @SEC_Enforcement @NYDFS should look at what $ARKF is doing here. this is all easily verified. $ARKK is straight up lying to investors about whether these "proof of reserves exist" a) exist or b) prove anything. Call Mazars.
Read 5 tweets
𝐓𝐡𝐞 𝐬𝐭𝐨𝐫𝐲 𝐨𝐟 𝐍𝐨𝐯𝐚

The journey from zero to hero.

All to see it turn back into dust by authorities in an unbelievable turn of events.

The happiness, the crying and the rebound.

Including the detailed growth of my capital to riches.

Read on 👇

I first came into contact with crypto in late 2016 as a college student studying to become a teacher in physics and computing.

It wasn't untill early 2017 that I started with my first 2 investments.

A total of 1000$ split between 300$ worth of $DGB and 700$ worth of $ETH.

I bought $DGB 𝐚𝐟𝐭𝐞𝐫 a big announcement (rookie mistake) which resulted in a decline to 60$.

I sold and swapped it for $MCO which is known as #cryptocom today.

In less than a month that 60$ turned into 1000$+ due to rumours on working with Visa.

Read 46 tweets
What #Tether Has Said Lately vs. Arithmetic: The Thread

let's start with the fact that #Tether announced a $1.48 billion "profit" a few days ago.…
Let's just conveniently ignore the fact that the auditor who provides #Tether's "attestations" that are in no way anything like an audit has never mentioned "profits".

(Also read the rest of @intel_jakal's 🧵 as they have the numbers.)
Isn't it odd that somehow $1.5bn worth of bitcoin just appeared as the backing for #Tether few days ago?

➤ $1.50bn in bitcoin on March 31st
➤ $1.48bn in "profits" as of May 11th

Those numbers are ~1% different.
Are you seeing a pattern here?
Read 21 tweets
Amended $MCB 🧵: $MCB's auditor Crowe LLP raised a "critical audit matter" relating to the "qualitative" & "subjective" nature of $MCB's measurements of how many loans would go bad. (@RasooliSheida made a mistake w/r/t whether it was on the $MCB site but it's still bad. Image
$MCB took a huge $35 million charge that wiped out their profits for 2022-Q4 in anticipation of getting fined civilly and possibly criminally for #PPP loan fraud of some kind.
They did that because... they're under investigation. At the very least they are gonna get hit with major civil violations, but I have a hunch it will escalate to criminal bc of the #CryptoCom/#Binance connection... $MCB
Read 15 tweets

In honor of CZ's Red notice, here is thread of some of the instance's he and Binance has come up in my research that I have shared on Twitter👇
1. "The first CZ wallet I look into, which is a user owned Personal Binance account funded by CZ's wallet, shows 7-9 figures moving back & forth to each: Amber Group, 3AC, TT, Ricky Heart, Bybit, Genesis Trading Desk, Jump Capital, Ronin exploiter, LUNA"
2. "Do you really need anymore evidence that @cryptocom is @binance? There of course is plenty more evidence out there, but this shows their incest.

A Crypto .com Polygon addy is even a Binance listed addy on ETH"

Read 10 tweets
🚨 #CryptoCom is who $MCB is banking fren... All that USD flowing into and out of the American banking system seems to pass through them. And they are STILL banking #CryptoCom according to #CDC's own site.

Reminder that #CryptoCom and #Binance are (or at least were) basically the same company), off chain edition by @Annihil4tionGod:…
Reminder that #CryptoCom and #Binance are (or at least were) basically the same company), on chain edition by @BoringSleuth:
Read 11 tweets
Let's talk about Metropolitan Community Bank (@MCBankNY, $MCB) one of the remaining publicly traded "crypto-friendly banks. Because the SEC filings look a lot like a mini-me version of our friend $SBNY.

Cash position down 90% YoY 👇
$MCB has $2.2 billion - 42%! - in uninsured, non-interest bearing accounts.

In other words someone is willing to set $132 million a year on 🔥 because of inflation just to hold money in $MCB.


(note that $SIVB and $SBNY also had large non-interest bearing accounts)
$MCB also of course has large unrecognized losses due to the "duration mismatch" problem that rekt $SI and $SIVB ¹.

¹ though other things rekt $SIVB even more...
Read 10 tweets
🧵 If anyone is looking for alpha on $MCB read this and remember $MCB is #CryptoCom's partner bank for $USD. @eliant_capital @concodanomics

🧵 Then go look at the 10-K filings for $MCB.…
Read 5 tweets
#Binance announcing increasingly dire issues w/its fiat on and off ramps.

#CryptoCom's Euro bank accounts were frozen or seized by #BankOfLithuania on 1/21 for money laundering, terrorist financing, and sanctions violations (screenshot)

Let's dig...

Ω👇Ω ImageImage
Recently users of #CryptoCom were surprised to receive an email saying that #SEPA transfers of $EUR were being “migrated to a new provider” and thus Euro-denominated deposits and withdrawals were temporarily suspended.

Ω👇Ω Image
#Cryptocom customers couldn't deposit/withdraw for ~100 hours yet #CDC did not send any kind of prior notice to their customers. Many redditors confirm problems began > 24 hours BEFORE #CDC sent out the first (and only) email about the disruption.

Some got 0 emails.

Ω👇Ω Image
Read 32 tweets
#Huobi seems to be melting down in real time, possibly along with His Excellency #JustinSun's fortune...

Shut down all intra-employee IMs etc, maybe fired a bunch of people. Employees now angry (or Sun is ruggin') @HuobiGlobal @justinsuntron
@HuobiGlobal @justinsuntron Apparently #JustinSun tried to dissolve the company (which would presumably leave all the employees unemployed).

Remember just yesterday it was reported that #JustinSun had tried to pay #Huobi employees in $USDT and/or $USDC... #Tether (h/t @crasl7 for non machine translation)
Random Twitter user sharing rumors that there are concerns this will spread to #TRON and its companies from Pulse (which @crasl7 looked into and called "Chinese language LinkedIn")
Read 35 tweets
It's been almost a month since our last episode of The More Than Seven Seals of #TheCryptocalypse listed way more than 7 really bad omens for the cryptocurrency "industry."

Well things have gotten a lot worse since then. #TheOracleOfTulips has more to reveal.

The contents of The Book of Fraudits were revealed by the prophet #Mazars in the form of number-free "attestations" about the financial state of #CryptoCom, #Binance, and #KuCoin.

Note that the #KuCoin attestation has never been seen by mortal eyes.
#Mazars LLP, one of the two quasi-legitimate accounting firms still auditing cryptocurrency exchanges not named @Coinbase or @Kraken, announced they would no longer audit crypto firms not named Coinbase or Kraken.
Read 12 tweets
Attack of the Centralised Exchanges! 🔫

After the explosion of the #FTX Centralised Exchange and the conviction of SBF, it is clear that the authorities and the media are knuckling down on all of the leading #crypto exchanges in the industry.
2- Right after the #FTX & $FTT crash, there was a lot of FUD surround @cryptocom and their CEO, @Kris. It turned out that the bad rumours surrounding #cryptocom were false and the tide turned towards #Binance and their CEO, @CZ_Binance.
3- It almost seems as if it was a planned attack amongst the top exchanges. #SBF definitely deserves to be prosecuted and banished from the world of #Web3. However, who's orchestrating these attacks against #Binance and #Cryptocom?
Read 7 tweets
1- Crypto Winter everywhere @Bybit_Official Crypto Exchange Layoffs
#layoffs #cryptocrash $BTC $ETH…
2- After $UST incident, everyone is talking about “Crypto Winter” because of the liquidity crunch that’s why Exchange reduced its workforce today’s #Bybit announced layoffs workforce to survive the bear market. #Bybit previously cut its workforce by an unspecified number in June
3- @benbybit, the CEO, and co-founder of the Singapore-based crypto exchange, previously worked for XM, one of the world’s largest forex and CFD trading brokerage firms. made the announcement on Twitter at 12:32 a.m. ET.
Read 7 tweets

The Seven¹ Seals of #TheCryptocalypse
The signs are all around us. Read on below.

Have doubts? At least make sure you know what's actually happening out there.

RT/QT for great justice.
🂇 🂁 🔜 🁡 🁡 🁡

¹ maybe more than 7


I. @GenesisTrading, by far the biggest portal between Wall St. money and the crypto verse and the biggest trading desk handling the off market trading of very large amounts of money for very large amounts of crypto, is going to declare bankruptcy on Monday at 10 A.M. Image

II. Prosecutors at the Southern District of New York Will Indict Sam Bankman-Fried Very Soon Image
Read 15 tweets
Did you miss any interesting #crypto knowledge in the past few days? Let's find out!

In today's edition we'll see how to read Etherscan, we'll have a timeline of the whole story with FTX and how it happened, find out about potential 20x-100x projects, and much more!


You know about the basics of #crypto, how to analyze a project, the fundamentals, the tokenomics?

Well you might need to go further, and learn about on-chain data.

A guide on how to read #Etherscan, by @0xCygaar

We've heard enough of #FTX already, but for those of you who still don't know what happened, how it happened, what we went through for the last few days,

well, you have everything summarized update by update here by @0xkyle__

Read 11 tweets
1/ Talk about #proofofreserves /liabilities/solvency as the solution to @FTX_Official misses the surrounding parts which could make crypto a viable alternative to the fiat system. Join as we journey through:

☑️ Quality of reserves
💸 Capital &💧liquidity
💰 Collateral

🧾 Transaction histories and 💳 Credit scores
% Fractional banking
🪙 New money creation

with a little bit of:

🆔 @w3c Verifiable Credentials #W3C

to build consumer protection and stop this happening again🛑. It's going to be a long one, strap in!

3/ Let's start with ☑️ Quality of Reserves. This is covered excellently by the @FT below so pulling out the key pieces from FTX 👇

#cryptosignals #ftxbankruptcy #ftxwithdrawal
Read 32 tweets
You asked, we dug. We rated the crypto exchanges that seem kinda suss right now. #nfa…

—“Accidental” $400,000,000 worth in ETH transactions to
—Mass withdrawals yesterday

Dumpster fire rating: 🔥🔥🔥🔥🔥


—Received’s suspicious funds but has since released their proof of reserves
—The exchange released a statement clarifying the issue, but users remain unconvinced thanks to post-#FTX paranoia.

Dumpster fire rating: 🔥🔥
Read 5 tweets
After calling bullsh*t on Luna, Celsius, and FTX well before any of them collapsed, I have a bit of credibility with the mainstream media. I want to use that credibility to call attention to the worst and largest of all the scam perpetrators in the "crypto" space, @a16z 🧵👇
Unfortunately, the formerly venerated firm sold its soul for quick profits and massive management fees. In this thread I'll compile some of the many, many tweets in which I've called out @a16z and their loudest partner pushing their fraudulent "crypto" efforts, @cdixon.
Here's the one where @a16z shilled Braintrust, a fake-decentralized staffing agency:
Read 15 tweets
El exchange #CryptoCom manejó $507.506.463 en transacciones solo ayer 🤯

Y hoy es tendencia por los rumores sobre su posible insolvencia.

Pero, no os preocupéis, acá os dejamos un hilo con toda la información importante que necesitais saber.

(¡Spoiler! No pinta bien😥) 🧵⬇️
#CryptoCom actualmente administra 5 wallets en #Ethereum y 6 en #BTC, donde encontramos ≈$3B en activos distribuidos en:

👑#BTC (31%)
🐕 #SHIB (19%)
🖥️ #ETH (16%)
🏦 #USDT (7%)
🔵 #CRO (3%)

Lo cual es muy preocupante... 😨


De hecho: nos damos cuenta de que solo el 60% de los activos en el intercambio son líquidos, incluidos #BTC/#ETH/#USDT/#USDC/#DAI/#BUSD 🏦

...lo que deja un 40% de activos no líquidos 😱
Read 10 tweets
BREAKING: A potential bank run on may be in progress.

Nearly 90,000 unique transactions have been processed in the last few hours, suggesting that users are scrambling to get their funds off the exchange 👇

#CryptoCom Image
Read 5 tweets
🧵: 🚨 @cryptocom SENT 1B+ to @SBF_FTX 🚨

1 / After some TXID digging FTX has received around 1B+ $USDC from @cryptocom. They likely fell victim to @SBF_FTX incredibly great APR deception. And they figured, "Why not make some decent money from the deposits from the users?" 1B+ being sent to FTX
2 /

The Etherscan address in the screenshot above is: 0xadd6d754b48a7eb4b4a71651722666093f7bc5d9


Go look for yourself, and if you're a user, withdraw before the withdrawals are disabled. Please spread the word as soon as possible!


Read 5 tweets

#Cryptocom, #Huobi y #Gateio mueven fondos sospechosamente después de lo ocurrido con FTX ¿Serán los siguientes en caer? 😱⚠️‼️

Te explico lo que está pasando, Abro Hilo 🧶🧵 1/
2/ Tras lo ocurrido con #FTX y Alameda, la comunidad crypto ha experimentado el pánico y la inseguridad de tener sus fondos e inversiones en una plataforma centralizada 👀 Image
3/ Un problema muy preocupante, sobre todo después de que la stablecoin #USDT de Tether, empezara hace unos pocos días a caer de precio y a perder por momentos la paridad con el dólar.
Read 16 tweets
We did an analysis of wallets of

Here are some of our findings:👇

5 Ethereum wallets and 6 BTC wallets of hold a total of $2.68B assets.

- 51,836 $BTC($857M)
- 58T $SHIB($531M)
- 364,969 $ETH($446M)
- 184M $USDT
- 88M $USDC
- 1.2B $CRO($80M)
3. holds 58T $SHIB($531M), surpassing $ETH and accounting for nearly 20% of total assets.

And also holds 1.2B $CRO($80M), accounting for 3% of the total assets.
Read 8 tweets

What you can see:

1. Total Balance
2. Portfolio Top 3 Holdings
3. Profit & Loss (PNL)
4. Latest Transactions


Please like & share!

Follow me for more content @IAmDonnieAzoff

@ArkhamIntel thanks 🫡❤️
1) Binance Exchange

1. Total Balance: $37,092,924,163.07

2. Portfolio Top 3 Holdings:

- $21.62Billion BUSD
- $5.80Billion ETH
- $3.02Billion USDT

3. Profit & Loss (PNL): approx. + $3.1Billion Profit

@binance @cz_binance
2) FTX Exchange

1. Total Balance: $1,234,285,804.07

2. Portfolio Top 3 Holdings:

- $652.66Million FTT
- $57.54Million PAXG
- $52.36Million USDT

3. Profit & Loss (PNL): approx. - $1.6Billion Loss

Read 14 tweets

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