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⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
@Cryptadamist
Jul 1, 2022 • 12 tweets • 14 min read • Read on X
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🚨🚨🚨@investvoyager joins @Hoo_exchange, @Aexglobal, @CoinSwitchKuber, and others in #TheClosening,

there is officially no more money (or $BTC) left to give back to unsecured creditors (they call themselves "depositors")

1st major exchange in North American market to do so.
@investvoyager has fallen.
#TheClosening claims another victim.
Apparently the intervention of God Emperor #SBF was only able to keep @investvoyager out of the jaws of #TheClosening for 9 days. May the #Voyager monster at last find peace in the void, inshallah.

historical 🧵 from last week's events:
live look at the horrors of the #TheClosening of @investvoyager swallowing financial futures whole:
monday's rumours that @investvoyager was "maxing out the headroom" on God Emperor #SBF's $75M/mo. loan were correct.

that means #Voyager removed that part from the presser after @kadhim tweeted it. that language was gone by the time i looked 20m later.

#TheClosening has unfortunately pulled the #Voyager monster to a space time dimension where the wizard @FDICgov's powers do not work.

Put another way @investvoyager customers may want to read this if they think their money is #FDIC insured.

(hint: it's not insured)
💰💰💰
everyone's talking about the wizard @FDICgov, what can his powers do to help in #TheClosening of @investvoyager given his rule over #MetropolitanCommericalBank?

so much confusion but now
THE WIZARD'S HOUSE HAS SPOKEN
mcbankny.com/fdic-coverage-…
"Your USD is #FDIC Insured"

lol the @investvoyager monster really was a monster... a monster so evil it will be hard for even #GodEmperorSBF to absorb its massive legal #liability...
@investvoyager has unveiled...
💰💰💰A MARKET UPDATE💰💰💰

➤Assets: $2.3B¹
➤Liabilities: They forgot that page lol

¹ if you include the ~$600M 3AC loan at face value... LOL
@ahcastor @CasPiancey @BennettTomlin @ben_mckenzie @otteroooo
money.tmx.com/en/quote/VOYG/…
@ncweaver i hope you saw this one... long 🧵 but worth it.

@investvoyager monster pretending bad loans are good loans... and "forgetting" to show the other page of the accounting
Sorcerers applied mathematics to #Voyager's financials released yesterday. #Geometers help make guesses about @investvoyager demon's future path.

Space-time will be warped with so much 💰💰💰 inside.
📜full report📜
👇
#Voyager monster devours financial futures, digests Americans savings, and finally defecates vast piles of @investvoyager reddit #lossporn...

♠️👇👇👇♠️
reddit.com/r/Invest_Voyag…

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More from @Cryptadamist

⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Nov 2, 2023
🧵1/Ω
It’s that time again. Gather round, children, for a thread about the closing arguments in the trial of Sam Bankman-Fried. #FTXTrial #FTXScam

Ω👇Ω Image
🧵2/Ω
The govt’s case revolves around a few things but fundamentally it’s about risks that were not disclosed to customers/investors.

According to the govt not only were these risks not disclosed SBF took steps to conceal them. Which is, you know, a crime

Text from my 📌 twt 👇 Image
🧵3/Ω
It’s conceded by everyone including SBF himself that there were undisclosed risks so the question becomes one of intent. The govt’s argument is that the many steps taken to conceal the risks reveal ill intent. SBF's argument is basically "being irresponsible is not illegal"
Read 42 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Oct 30, 2023
🧵1/Ω
Thoughts from SBF’s 2nd day of cross examination:

Today went very, very badly for Mr. Bankman-Fried but it was still kind of a shame the jury didn’t get to witness the absolute train wreck of his first attempt especially this part:
🧵2/Ω
Things got off to a rough start when SBF tried to say that the million and one times he claimed that Alameda was just like any other FTX customer in every way he secretly was communicating that “every way” meant “one way”: Alameda didn’t front run FTX's customers.
🧵3/Ω
Cue AUSA bringing up approximately a bazillion tweets, emails, slack messages, etc. where SBF said Alameda was just like any other customer followed by the question “does it say ‘in terms of frontrunning customers’ here?”
Read 48 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Oct 26, 2023
🧵1/Ω
Thoughts about SBF’s testimony today:

1. I never imagined it would be so grimly satisfying to watch a man hang himself before my eyes. The only disappointing part was that today wasn’t in front of the jury.
🧵2/Ω
SBF’s “my view from the perspective of the data I had available to me at the time” and “I’ll try to answer the question I think yr asking”¹ schtick did not play well with the judge.

¹ he actually said this, after which the prosecutor said “you didn’t answer my question".
🧵3/Ω
His testimony today was about whether he would be able to use the “but my lawyer said it was OK” defense in front of the jury. Let me summarize how it went:
Read 29 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Oct 11, 2023
🧵1/Ω
Things I Learned From Caroline Ellison's Testimony That CoinDesk Has Declined to Mention, a Thread:

1. The billion dollars that SBF had to bribe Chinese officials to give back was held on Huobi and OKX.
🧵2/Ω
That bribe was for $150 million.
🧵3/Ω
Multiple people at FTX/Alameda had family ties to the Chinese government. One of those people thought the bribe was a bad idea and quit shortly thereafter. The other one was the guy who suggested the bribe.
Read 28 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Sep 19, 2023
🚨Ω🚨
Pumping my bags: another issue of #TheCryptocalypseChronicles is out on The Blogging Site That Shall Not Be Named concerning the actions of one #AxosFinancial AKA "#Binance's new US bank".

Link in bio because Elmo is pathetic and demonetizes links to That Other Site. $AX Image
🧵2/Ω
Perhaps unsurprisingly Axos Financial / $AX appears in the list of #FTX creditors. Image
🧵3/Ω
Also looks like the infamous #ReggieFowler, Crypto Capital Corp's main money launderer, invested $1.3 million with $AX according to court documents filed by #Tether / #Bitfinex begging for their money back.

Also $5 million to something related to Wacky Cathie's $ARKK? lol. Image
Read 8 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Sep 6, 2023
🧐 Just stumbled on this "FIAT INTEGRATION AND REVOLVING LOAN AGREEMENT DATED 10/16/2020" from #iFinex in the list of #FTX's assets from a few days ago.

"What's iFinex?" you may ask?

It's Tether.

Image
🧵2/Ω
If you think through what that means... given that it appears in the FTX list of assets it appears that Tether had an open line of credit where they could borrow money from FTX?

1. What assets were they borrowing?
2. Why does a stablecoin issuer need to borrow anything?
🧵3/Ω
This might explain it... (h/t @ParrotCapital)
Read 11 tweets

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