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Bitfinex’ed 🔥 Profile picture
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Feb 1 • 4 tweets • 1 min read
Uh oh. The BlockFi Ponzi scam is running into trouble, unable to raise new money to continue paying interest.

They’ll pay you later I guess, maybe when prices fall and they can pay in cheaper cryptos. Image
RIP BlockFi Ponzi. They'll be back when they somehow raise more funds. Image
Maybe they’ll get a crypto bailout from FTX or Tether bros.

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More from @Bitfinexed

Bitfinex’ed 🔥 Profile picture
Feb 3
Solana/Wormhole need to come up with 120,000 ETH to restore the 'pegging'.

There's a good chance they're not going to say where the 120,000 ETH is coming from.

1. Undisclosed loan from crypto exchanges with customers Ethereum.
2. Crash the price of ETH to reduce costs.
3. Use money that has been raised recently to slowly buy back the missing ETH.

Bitfinex/Tether fraud is a good candidate to help Solana with #1. Bitfinex/Tether has a history of loaning out customers crypto for a fee, to traders and people trying to get forked tokens cheap.
One thing that people miss, a lot of the funding raises in crypto are shared among multiple entities, as they don't want confidence to be shaken. If one crypto firm needs help, another one that may have just raised a bunch of money, will bail them out in secret.
Read 9 tweets
Bitfinex’ed 🔥 Profile picture
Feb 3
FTX can use the money they just raised from Ontario Pension funds to bailout their Solana ETH backed token.

Six months ago: “Why does security have to be #1 priority?”

Because when you’re getting hacked, you want the hackers to be able to hack, even faster. Image
Every time Crypto Prices crash: Hundreds of millions of dollars in new fundraising for bailouts.

Every time Crypto “hacked”: Hundreds of millions of dollars in new fundraising for bailouts.

Within the next two weeks we’ll hear about $500m-$1b+ in new raises to bailout “bridge”
1922: Brooklyn Bridge for sale!
2022: Ethereum Wormhole Bridge for sale!
Read 4 tweets
Bitfinex’ed 🔥 Profile picture
Jan 29
One of the primary reasons crypto exchanges are against KYC/AML is because it's makes it harder for the exchange to have plausible deniability regarding trade fraud/market manipulation/wash trading/tape painting.
With more scrutiny on crypto exchanges, these market manipulators/wash traders/tape painters still want to rip people off.

That's why NFT's took off so fast, a new useless item that they can wash trade/tape paint in order to bring in a bunch of new suckers.
And the platforms that sell "art", don't comply with KYC/AML either, I mean why would they have to? It's just "art", right?

Once the NFT grift blows up, they'll launch a new one, you'll see some new bullshit token launch out of nowhere and suddenly be worth billions of dollars.
Read 6 tweets
Bitfinex’ed 🔥 Profile picture
Jan 28
He was exposed not by the blockchain but by Twitter and Telegram.

Also he was successful in controlling hundreds of millions of dollars worth of Ponzi scam tokens.

He will just change his name get a new blockchain address and a new cartoon logo and will get away with it.
Don’t underestimate the ability for crypto Ponzi scammers to use proxies and fronts to run their Ponzi scams. They’ll borrow someone’s identity if they have to.
All crypto lending and yield products are Ponzi scams at the end of the day. The Ponzi scammers behind magic internet money, wonderland, etc, will simply rebrand into new defi Ponzi scams and pretend that they’re totally legitimate.
Read 4 tweets
Bitfinex’ed 🔥 Profile picture
Nov 24, 2021
It’s time for some big brain quotes, from Ludovicus Jan van der Velde. The “CEO”. Of Bitfinex/Tether.

“Financial stability is an absence of instability.” -Ludovicus Jan van der Velde
If a problem cannot be defined, it cannot be solved. - Ludovicus Jan van der Velde
“Where the stablecoin is collateralized predominantly by the asset to which it is pegged, or an asset with a similar risk profile, the management of reserve assets requires little more than the provision of basic banking services.” -Ludovicus Jan van der Velde
Read 6 tweets
Bitfinex’ed 🔥 Profile picture
Nov 23, 2021
Volcano Bonds are a Bitfinex/Blockstream scam to sell Bitcoin to poor countries, and a bunch of mining equipment to poor countries.

They're not building a city.

Change my mind. ImageImageImageImage
ImageImageImageImage
ImageImageImageImage
Read 4 tweets

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