@intel_jakal Profile picture
Dec 30, 2022 28 tweets 15 min read Read on X
#binance #playbook wasn't just used by #binance. It was literally cookie cut by #FTX
@MikeBurgersburg
It was until I saw @AureliusValue link to Miami Dade County, Florida's resolution for #FTX's stadium rights (Mar 2021) that the penny dropped.
When you look at the disclosed beneficial ownership of FTX, FTX.US its undeniable that CZ was a material shareholder.
Its not until you tidy the holdings up and group them together into related parties that it becomes overwhelmingly obvious that CZ #binance wasn't just a participant in capital raise. At 20% from the getgo you are the cornerstone.
Its then impossible not to see just how similar their Group vs US #playbooks are.

I can't tell you what #binance equity structure looks like but I bet you my lefty that its likely to be similar in weighting to #FTX.
I dont need to fill in those blanks to recognise that there's some serious similarities across their #playbook's
Can't see it?
what about when you layer in the 'unbranded/unrelated' fiat onramp? #binance - #keyvisiondevelopment vs #ftx - #northdimension
btw anyone that might be on the fence about if #ftx #binance (and others) were deliberately obfuscating ownership by using non branded entities as payment gateways. You won't be if you read the #duediligence report by the #miamidade #inspectorgeneral
tbf looking at anything in #hindsight you already know what you are looking for...but even still I think there's a few obvious flags/gaps (but to be fair - I'm sure if I presented a report that shitcanned $130m naming rights deal,,,I'd be the one shitcanned).
Remember this date: 26 March 2021 - The date of the resolution approving the #FTX naming rights deal
and this date: 17 Mar 2021 - the date the #Inspectorgeneral provided their #diligencereport
on #FTX, #FTX.US and all affiliated entities.
and this date: 25 August 2020 - the date #northdimension was incorporated.
guess what entity is not mentioned in the #duediligence report. it turns out its not the only one but the others Ive found would arguably be inmaterial (comparatively).
I'd never heard of #LTbasketltd
when asked about LT Baskets Ltd.....FTX inferred it was dormant by stating that it generated no commercial revenue.
a quick bit of google dorking and I found an offer document on a shitbox #korean exchange

for what sounded like literally the worst shitcoin derivatives ever invented.
I guess #SBF could argue he was vague in his description at that time because well he had lots of other shit to be vague about. But I reckon it would be hard to say he wasn't aware of the purpose of the entity
Since he was the author of the offering doc.
Me personally if someone told me not to worry about an entity domiciled in #seychelles because it didn't generate commercial revenue....my first inclination ah this fkr is dodgy af.
and to be fair....the offer doc does make it clear that all the other counterparties are essentially the same person so they really have no choice but to fk you over.
Not sure why a couple of flags didn't pop up when doing a search of the old Seychelles Gazette.
LT Baskets was the only Seychelles listed entity ...so maybe it was pure coincidence that another unrelated group had a couple of "FTX" entities being gazetted the same time as LT Baskets was?
(and yes I realise that the date of strike off was after the DD report was completed but those same entities would have first been gazetted 60 days earlier in Feb....well before DD>
Thats all I got time for today. Plenty more hole to poke.

Here's a link to the original doc >>>.

bit.ly/FTXarena-namin…
But I'll post this one last screenshot... I know @bitfinexed will love this one.
#danfriedberg aka mr #godmode himself. thats what I call the kiss of death.

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More from @intel_jakal

Jul 29
mate its absolutely achievable. I've done the numbers.
There are only 2 critical success factors;
1. Bitcoin goes to $23m per coin by 2045;
2. A visionary buyer that has accumulated > $20T and has confidence that even after 20 years of 34% CAGR providing the seller with a 350x bagger, that there's sufficient upside to warrant acquiring 1m bitcoin for > $20T.
The analysis;
Current US GDP $29.33T, Debt $35.49T
Using World bank forecast GDP growth of 1.9% and assuming the debt ratio stays the same
2045 debt will be a spritely $51.71B

Just for good measure here's the GDP and debt numbers for the Top 20.
Even after the 50% debt reduction, the US will still have the largest debt of all countries.Image
For the purpose of the analysis I've distilled the Lummis plan down to;
Buy 1m BTC for $70B using existing cash reserves.
Exit all or part of BTC holdings by 2045 to payout half the total debt.
In estimating how much of the investment would be required to settle 50% of the debt.
Two scenarios: Pessimistic (sell down 100%) and probable (sell down 50% ).Image
Read 11 tweets
Jul 27
So for months I've been asking the question.
Who is behind the unnamed "private sector" group who are being given prioritised access to delivering food and supplies into #gaza.


Image
I am suprised that literally no one appears to be looking into who this un-named collective that has delivered 25% of all 'goods and services' into #gaza.
I say G&S and not #humanitarianaid as these are commercial arranagements. Not for the starving or needy just for those that can pay.Image
The previous pie chart falls well short of actually what's happening with the shift to these unknown private groups.
When you look at the data over the last 3 months. Private groups are > 50% and increasing volumes month to month while total deliveries are decreasing.
July they are at 75% of total.Image
Read 10 tweets
Jul 8
Here's a little #googlesheet #osint tool I made.
is the best free #whois history service.
But it works even better if you use its #API (which starts at $2 pay as go). Whoxy.com
Image
To make it easy to use. I created a googlesheet using the importjson script.
The whoxyAPI provides 5 search functions;
Whois, whois history, email, person, keyword saerch Image
First make sure you create a copy of the file. Image
Read 8 tweets
May 4
@RepMikeCollins No problem with racism.
@RepMikeCollins No problem with tasering student while handcuffed.
In fact you seem so proud of that you thought it was worth cheering on.
Was it because he was a student? Or because he was protesting? or because he was black? Image
@RepMikeCollins Not sure what your laws are down in Georgia.
But here is a police department recommendation report from Stanford that gives some pretty clear guidelines when a Taser can be used.
So why would cheer on someone getting tasered while handcuffed expressing his First amendment right? Image
Read 5 tweets
Apr 10
@MahyarTousi Have you read the survey and polling data? (probably not as it's not that easy to find).
An online survey of 1,000 (out of 4m) that was completed over 30 days.
@MahyarTousi The period the survey was conducted was Feb/Mar 2024 quite a few events - 2 weeks before ICJ 'plausable' statement, right in the middle was the flour massacre.
Lets put aside the likely changing views over the survey period and the whofully inadequte size of the poll.
This statement and variants have been circulating for days without reference to the actual data;
"Just a reminder that almost half of the Muslims in Britain have openly shown sympathy for Hamas in the latest data."

So lets look at the data.
Read 8 tweets
Mar 25
I think the strategy is much more nefarious. They are going to flood aid into Northern Gaza and make it difficult for UNRWA and other agencies to deliver aid to the balance of Gaza. Northern Gaza's famine risk classification will fall and the balance of Gaza will rise. They will use those statistics to justify their claims that it was never them that caused the crisis it was always UNRWA.
looking at this in more detail its appears that the Northern Gaza strategy has been in play for quite sometime.
I'm not sure of the exact location of the pier than has been constructued there is no doubt that it will be on the Northern side of #highway749 which now seperates north and south Gaza.

Following the removal @unrwa's access to Northern Gaza we will see a new 'free-flowing' crossing established which will no doubt have the highest thruput of all crossings.

The IDF have already made statements about the intended flow of aid from the jetty is to be for North Gaza and that is to be operational within weeks after the new crossing is opened.Image
meanwhile south of #highway749 is going to be decimated and if that wasn't obvious yesterday it will be tomorrow. #deiralbalah is under attack right now. Image
Read 5 tweets

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