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⚯ Michel de Cryptadamus ⚯ Profile picture
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Dec 4 • 4 tweets • 6 min read
"Thank you Mr. Bankman-Fried for helping us understand the extensive guardrails #FTX has in place to protect investors from fraud and manipulation [and giving me so much money]." - @RepTomEmmer

Amazing clip of Emmer sucking up to #GodEmperorSBF.
#FTXScam.
This is coming on the heels of the letter @RepTomEmmer organized (signed by the other members of the shamefully bipartisan #Blockchain8) to @GaryGensler and @SECGov telling them to stop investigating #FTX. #FTXscam

lol.
Surely it's a coincidence that #FTX was tied for 10th place on @RepTomEmmer's "most generous donors"?

@tomemmer ran interference for the #FTXScam. Now he is desperately trying to shift blame onto @SECGov after he tried to stop them from doing their job
opensecrets.org/members-of-con…
In case anyone is enough of a masochist to sit through the 4.5 hours of congressional leaders simping for their mega donor not shown in the clip 👆🧵, here's a link:
#SBF_FTX #SBF #FTX #FTXScam
c-span.org/video/?516464-…

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More from @Cryptadamist

⚯ Michel de Cryptadamus ⚯ Profile picture
Dec 5
🧵1/Ω.
🚨 #OKEX exchange seems to be in trouble. Given the massive outflow of crypto from all exchanges I suspect they are running low on customer reserves.

First I saw this tweet by @hellspawncrypto. Image
🧵2/Ω.
@hellspawncrypto is an extremely active and experienced trader. assuming he is not a criminal ("¯\_(ツ)_/¯") he would be aware of what kinds of activity trigger alerts / holds and avoid those kinds of activity. #OKEX
🧵3/Ω.
So then I checked the #OKEX tag. What I found was a fast moving stream of X-rated content and sketchy links.
Read 12 tweets
⚯ Michel de Cryptadamus ⚯ Profile picture
Nov 18
🧵1/Ω

The Seven¹ Seals of #TheCryptocalypse
The signs are all around us. Read on below.

Have doubts? At least make sure you know what's actually happening out there.

RT/QT for great justice.
🂇 🂁 🔜 🁡 🁡 🁡

¹ maybe more than 7

📜👇Ω👇📜
cryptadamus.substack.com/p/the-seven-se…
🧵2/Ω

I. @GenesisTrading, by far the biggest portal between Wall St. money and the crypto verse and the biggest trading desk handling the off market trading of very large amounts of money for very large amounts of crypto, is going to declare bankruptcy on Monday at 10 A.M. Image
🧵3/Ω

II. Prosecutors at the Southern District of New York Will Indict Sam Bankman-Fried Very Soon Image
Read 15 tweets
⚯ Michel de Cryptadamus ⚯ Profile picture
Nov 10
Planting a timestamped flag here in the internet saying that I think the #FTX bankruptcy is going to end up triggering crypto nuclear winter and then grow into an extinction level event.

we barely saw the explosions's.
the shockwave is still on its way.

then, tsunami 🌊🌊🌊🌊
as if crypto wasn't looking grim enough, here comes an Italian investigative journalist talking about scandals rocking "the whole ecosystem".

Ask yourself: which big names in crypto are from Italy?

(ps typo is driving me nuts but I can't move the flag.)
I can't find the source now but that giant sucking you hear is a slowly rising tsunami of already over $1B per day of crypto being sucked off the exchanges and back into fiat or into self custody.

the exchanges won't be able to deal w/this. something is going to snap soon.
Read 4 tweets
⚯ Michel de Cryptadamus ⚯ Profile picture
Nov 9
1/Ω
🤔
"as least as informed as the press" level speculation on #Alameda / #FTX based on some numbers that imply some things

FTX folded quickly. could only process < $1B digit billions before running out of coins. Sure there are other wallets... ImageImage
2/Ω: FTX IS NOT SUPPOSED TO BE ABLE TO RUN OUT OF CASH (or tokens).

it's an EXCHANGE not a hedge fund. should have everyone's cash ready to be picked up at any given time in neat little separate piles.

THUS: AT A MINIMUM we know that #SBF commingled funds (maybe illegally)
2.5/Ω: SBF IS SMART. ALSO WORKED AS A PRO TRADER AT ONE OF THE TRADING DESKS THOUGHT TO BE "really smart money" (#JaneStreet).
SBF: 2 MIT degrees (hard to get in a way most people cannot comprehend). SBF has taken exams for trading licenses. Fully 0% chance he doesn't know this
Read 56 tweets
⚯ Michel de Cryptadamus ⚯ Profile picture
Sep 14
🧵
Last week I wrote a piece about how opening the wrong PDF led to a #cybersecurity breach that rapidly escalated

Since then I've figured out how the PDF managed to evade all major virus/malware detection tools and exploit a vulnerability (that may still exist!)

Let's dig in👇
As mentioned in the piece I had suspicions about the PDF because it had come from the vicinity of #cryptocurrency criminals, so before opening I ran it through a bunch of reputable malware detection tools.
They all gave it the all clear... and they still do. Here's a link to the @virustotal report showing 0 out of 61 malware scanners alerted on this PDF.

#VirusTotal is Google's #cybersecurity offering so it's not surprising Gmail also gave it the all clear.
virustotal.com/gui/file/61d47… Image
Read 37 tweets
⚯ Michel de Cryptadamus ⚯ Profile picture
Jul 7
Folks, here it is, an easier to read explanation of how #Tether and #JustinSun setup a scammy blockchain to inject $40B in fake $USD into the cryptocurrency economy. It's still not the best I could write - it's a first draft - but it'll do for now.

cryptadamus.substack.com/p/the-tetherer…
suddenly all these sock puppets comin' at me... must be right over the target.
@tavit_ makes an amazingly good point. some of the redemptions maybe ARE real. but that $1B one from AEX / Hoo is obviously not real. and a bunch of the others are also not real.
Read 9 tweets

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