Thread by @intel_jakal

Here's today's observation.
I just read
@ThegreatLambiny tweets on #binance and #multicoin

#multicoin are the #muppets that compared #binance to the #piratebay and they also got stitched badly by #FTX not once. not twice but three times.

frozen out of 10% of their AUM and stitched in Fund II and III

Note: Date of Fund II. - 4 May 2021

Note: date of #binance deal. - March 2021.

Note: Binance exit from #FTX June 2021
So had to be negotiating exit 4-6 weeks earlier
Which is May 2021 .... same time as #multicoin Fund II.

@cz_binance can't help but boast about #binance superior #DueDligence and calling out @kevinolearytv as a shonk.

So whats the story here. #binance invests into #multcoin

In March 2021. #binance takes a strategic and active investment in Multicoin.

#cz is smitten with #multicoin's capabilities and expertise.

and of course @binance superior world class post investment #duediligence

and provides a near endless list of red flags that allegedly were the catalyst of #binance exit from #ftx

It didn't take a #genius to work out something was wrong at #FTX . .
so we got out....for $2.1B

Since I am definitely not a genius can someone tell me how the fuck a group like @cz_binance
that is sooo diligent. allowed the group that they just announced an investment and close partnership with
make an investment into #FTX while they were negotiating their exit.

Then allowed them to invest again

and then watched them get smashed by the #FTX #trainweck

@cz_binance ... so did you stitch up #multicoin by keeping all the #ftx issues under wraps so you could exit and happily watch the trainwreck unfold.???

or did you invest some of the FTX exit funds in Multicoin who then invested back into FTX. ????

There is no good answer. You are #cooked.