If one, strictly hypothetically, had custodied one’s assets with one’s money launderer, and one’s money launderer (who has a reputation for stealing any money custodied with him) recently became suddenly bankrupt, I think one may not appreciate how comprehensively %]*}^]ed one is
“Subtweet rule.”
Darn it. Tether, obviously.
We (as a society) do not yet know where in the U.S. banking perimeter Tether’s money is, but if it is anywhere, it is the hottest money on the face of the planet right now.
Darn it. Tether, obviously.
We (as a society) do not yet know where in the U.S. banking perimeter Tether’s money is, but if it is anywhere, it is the hottest money on the face of the planet right now.
“How would Tether be so stupid as to custody assets with a money launderer?”
Having been burned once by Crypto Capital Corp, which spent part of their reserves buying a football team, I think it is more than probable that they got burned once more.
Having been burned once by Crypto Capital Corp, which spent part of their reserves buying a football team, I think it is more than probable that they got burned once more.
“Would you feel sorry for Tether in this case?”
Where’s that tweet I have about the wisdom of choosing financial partners for their corruptibility and skill with money laundering.
Play stupid games, win stupid prizes.
Where’s that tweet I have about the wisdom of choosing financial partners for their corruptibility and skill with money laundering.
Play stupid games, win stupid prizes.
It is not an accident that fraudsters frequently get defrauded. It is baked in!
You can’t go to an aboveboard financial institution and say “I need you to build a way for me to cheat my quarterly attestations by, for example, moving in money immediately before them.”
You can’t go to an aboveboard financial institution and say “I need you to build a way for me to cheat my quarterly attestations by, for example, moving in money immediately before them.”
“Would Tether do that?!”
Did it. Past tense. On public record in NYAG / CFTC case.
Did it. Past tense. On public record in NYAG / CFTC case.
If you were the product manager for this, do you think you would tell them “Oh absolutely I can help you sweep money into that account programmatically so that your very small ops team can focus on more important things than where your money is today.”
And possibly “You know, bank UIs are so tiresome to download statements from. Good thing many banks have APIs these days. Let me build you a dashboard that shows you where all your money is in real time.”
“That sounds like FUD I bet they can still do redemptions.”
Through which currently operating money launderer, though. There are far fewer choices than they would want and scrutiny for it would be somewhat high at the moment, and that’s even before next few shoes drop.
Through which currently operating money launderer, though. There are far fewer choices than they would want and scrutiny for it would be somewhat high at the moment, and that’s even before next few shoes drop.
“Next few shoes?”
I refer you to Stringer Bell’s dictum on the wisdom of keeping notes on a criminal conspiracy. Now, an unfortunate fact of life as a money launderer: you probably need to have books and you *certainly* face contras who keep comprehensive records.
I refer you to Stringer Bell’s dictum on the wisdom of keeping notes on a criminal conspiracy. Now, an unfortunate fact of life as a money launderer: you probably need to have books and you *certainly* face contras who keep comprehensive records.
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