🚨🚨 BlockFi Rug-pulling is in progress. It starts with withdrawal restrictions. 🚨🚨

Minimum withdrawal amounts to fleece retail bag holders and only one withdrawal a month.

For the love of god, stop sending your money to these scammers.
BlockFi will also slow down your withdrawals by asking for all your KYC/AML information *again* and then drag their feet approving your information again which they will already have. The sooner you withdraw, the better.

But BlockFi is insolvent and they can’t pay everyone.
They’ll need a multi-hundred million dollar bailout or Tether gang to step up, and Tether isn’t printing fake money right now.

BlockFi has been a Ponzi since 2019.
BlockFi has also loaned your money to a company called Babel Finance which is connected closely with the bitfinex/tether fraud.

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More from @Bitfinexed

Feb 4
🚨🚨BlockFi is now stealing Bitcoin from laser-eyed depositors. 🚨🚨

Hey @TheAustin24 did you know that BlockFi made loans with no collateral to their friends, and also loaned money to a company called "Babel Finance", that's closely connected to the Tether/Bitfinex fraud?
It's only going to get worse for BlockFi unless they're bailed out by another crypto company, and it doesn't appear that anyone wants to bail them out right now and the Tether fake money printer suddenly stopped cold in 2022.
Read 6 tweets
Feb 3
I think there’s a strategy among crypto scammers to give their scams purposely silly names, or names that no intelligent person would ever put money into them.

Not many people are going to contact authorities when they lost money to a project called magic internet money.
They can also use absurd imagery, like wonderland cat.

It’s like the Nigerian email scammers purposely misspelling the email about untold riches from the prince.

You don’t want someone that’s smart, you want a dumbass.
I can imagine someone losing money to this being rather shy about admitting to it. Crypto has perfected the Nigerian email scam. Just sell tokens, or digital little black pieces of paper that are allegedly hundred dollar bills that you need a special fluid to clean.
Read 4 tweets
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
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.
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
Feb 1
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
Read 4 tweets
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

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