Discover and read the best of Twitter Threads about #theoracleoftulips

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🧵/Ω
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.

Ω👇Ω
🧵1/Ω
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.
🧵2/Ω
#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
Planting a timestamped flag here in the internet saying that I think the #FTX bankruptcy is going to end up triggering crypto nuclear winter and then grow into an extinction level event.

we barely saw the explosions's.
the shockwave is still on its way.

then, tsunami 🌊🌊🌊🌊
as if crypto wasn't looking grim enough, here comes an Italian investigative journalist talking about scandals rocking "the whole ecosystem".

Ask yourself: which big names in crypto are from Italy?

(ps typo is driving me nuts but I can't move the flag.)
I can't find the source now but that giant sucking you hear is a slowly rising tsunami of already over $1B per day of crypto being sucked off the exchanges and back into fiat or into self custody.

the exchanges won't be able to deal w/this. something is going to snap soon.
Read 4 tweets

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