Where to start with this one. I guess first some background information on one of the biggest frauds of the Dot-Com bubble in Germany: Infomatec.
This was a company that was basically pumping its shareprice with "ad-hoc announcements", meaning literally just lying.
Now, after reading some articles today on Bitfinex's CEO, i thought i'd have a go at trying to find out more about this guy. A quick google came up with a reddit post people probably have seen before, attached below. I've also reattached the linkedin profile that link leads to.
Rather then trying to figure out where the guy is now, i thought maybe his past gives more away. Since there are 3 companies listed aside from Bitfinex, i tried looking for all 3.
The first and third company were a wash. But the second one - Tuxia - gave a hit.
A Trademark.
What is of interest here, is that it lists the party name and address. It's notable that the trademark expired because of lack of response by 2002 - the reason for that will become obvious soon.
What is of interest here, is that it lists the party name and address:
So it turns out the full name is Tuxia Deutschland GmbH (or Tuxia Germany GmbH). And it lists an address.
So i went looking for the adress. A healthcentre pops up:
Now, i haven't called them to ask how long they've been in that building. But, their main site lists that they've been operating since 1998.
I'll make no call on whether or not Tuxia ever actually occupied the building; but with this stuff i'll track down every lead i can.
It's noticeable, atleast.
So i searched on, only this time with the full company name. And here's where the plot thickens.
Because *the first article* that comes up from 2001 is this one:
OH DID THEY NOW?!
I may not have bought/sold a business, but i *do* know you don't do that sight unseen. Even more interesting that the financial details of a deal with a MASSIVE fraud weren't disclosed at the time.
So the search is on!
Now - i did find supposed former employees of this company.
I'm not gonna Dox them - i've got more style then Tether employees - But enough to say i could track one of them down and he's listed as working at Tuxia until 2003.
So i looked at the company strictly. The registrar:
That gives us a timeline. I haven't found articles past that date. i did find more.
And it's in these articles that i find something else interesting. Because it took quite a while before i found out what this company actually did.
Turns out, embedded linux applications.
...But hang on.....
.....Where have i seen that before....
....Oh.
So what he's listed as Co-founder of a company that did business with frauds that was only incorporated for 1.3 years half a world away i hear you say.
That doesn't prove anythi....
....Oh.
So. Maybe the #German regulators wanna have a little chat with the Bitfinex's CEO along with the US. I don't know what the expiry date is for fraud, but i'm pretty sure they'll want atleast an interview.
Oh... And maybe, the #Chinese wanna have a lil chat with him as well:
And a word of warning to future frauds:
It's always the ego that brings you down. Can't help but brag about past achievements.
I don't have to know what Jan (or Jean)'s real name is. All i need to know is what he's done.
Then we find somebody who did the same, name be damned.
I couldn't find a website, or personnel photos. So i'm no closer to finding out "who" he is.
I don't know who needs to hear this, but the vast majority of USDT holders+USDT on TRON are fake, and i'm tired of pretending they're not. Over the past year, accounts holding USDT on TRON have gone from 26 million to 43.6 million in straight linear fashion. 🧵
How come the transfer accounts and counts stay the same at the same time that number of accounts have nearly doubled; with only a 50% increase at best in transfer amounts?
See the thing that's bothering me is this bar, this bar right here officer👇
Usually, the straight crypto scams have got a large concentration on a few accounts. With Tether, Binance has that concentration as the largest holder, but...
BREAKING: Justin Sun steals another ~$60M from #HTX customers with Tether's direct help, and #Binance money laundering to try and hide it. I just happen to catch it pretty much live so it was fast to track. Observe. 🧵
$60M (rounded) freshly redeemed Tethers, because ETH's quiet so it's not a chainswap.
It's notable because it came *directly* from Binance. Which is a giant proof that says "NOT ALL redemptions come via Bitfinex".
Keep that in mind when looking at all treasury ins in 3 months:
Anyways, as always, we follow the money. I've gotten Tronscan to work reliably by limiting dates across which hot wallets scan, and with this being short term, it's real easy.
Lets see if we can find any large transfers in around/near the redemption shall we?
Just remember this while crypto prices go crazy again this week. Understand it's all fake and i can create yet another chart where market cap is unrelated to price action to the upside. This time in the biggest pairs in crypto. It'll end in tears #Bitcoin #Tether #Ethereum #FDUSD
Luna/Terra had the EXACT same setup. If reducing Luna supply leads to increasing UST supply, then increasing Luna supply should reduce UST supply, because arbitrage works two ways! With UST it only worked one way; until all supply came to market at once.
FDUSD is showing the EXACT same behavior. Arbitrage can only work UNTIL $1. Because you buy FDUSD in the open market then send it to FDUSD to get $1. So why would you ever buy at $1.0005 to send it to FDUSD to get $1?!
Likewise, why would you buy in the open market above $1?!
It seems like it's Justin setting up either another shitcoin or he's back-filling infrastructure for stUSDT more than 2 months after first making the coin.
This contract was made at the same time as 2 others, 43 days ago, all have names.
@Bitfinexed @ParrotCapital @Cryptadamist
Alright, i promised a post on this so here goes. #Bitfinex is amassing a much bigger Bitcoin hoard than previously disclosed. Either that (by far most likely), or some whale trusts only trusts Bitfinex to trade with, and only accumulates at quarter end, in bulk.
Gonna be another screenshot heavy thread i'm afraid, since i've gotta prove ownership when that's hard to do. So.
This time we follow the money backwards. How did 53.5K Bitcoin accumulate in a ~6 month old wallet? Aside from a few tiny txn, all BTC came in via Bitfinex.
Most of the money came in via 3 distinct blocks: March 30th, December 28th 2022 and September 30th 2022.
All of it came directly from Bitfinex's hot wallet, -Ua9i1g.
#Bitfinex is printing themselves money again. Quite literally. They're using a new account to try and obscure it but i can pretty much prove it at this point.
Lemme walk you through.
So Tether printed $100 million to an account 10 hours ago on TRON.
This is a fresh account with 5 TRX txn and 2 other txn.
I can prove the account was made on or via Bitfinex. That first txn in comes from the Bitfinex TRX funder wallet. Still need to do more research on those, but it seems all or nearly all Bitfinex INs have that wallet for TRX funding (including the bots).