that 15,427 page #GK8 document filled with #CelsiusNetwork's creditors personal detail is quite an amazing document.
i have so many questions, but let's start with:

1. Why are there an enormous numbers of creditors in countries GK8/Celsius aren't supposed to do business with?
Corporate entities in the #CelsiusNetwork / #GK8 / #GK8Limited bankruptcy, pt. II. Noticed:

➤ Ernst & Young (maybe?)
#KPMG (#Wirecard's dad)
@TheBlock__ ("journalism")

@AABerwick @kadhim @Frances_Coppola
👆These are the creditors who were serviced via first class mail. Not sure if that's because they are corporations or because they were holding a certain amount of assets on #CelsiusNetwork/#GK8 when it blowed up.
Debtors + last 4 of EIN/TIN:

➤Celsius Network LLC (2148)
➤Celsius KeyFi LLC (4414)
➤Celsius Lending LLC (8417)
➤Celsius Mining LLC (1387)
➤Celsius Network Inc. (1219)
➤Celsius Network Limited (0143)
➤Celsius Networks Lending LLC (3390)
➤Celsius US Holding LLC (7956)
EIN/TIN/Tax ID numbers for:

#Gk8Ltd. (note the period)
#Gk8UKLimited
#GK8USALLC
#CelsiusNetwork / #GK8 creditor corporations who were served by email, not real mail. maybe because they don't have one on file? maybe bc it's a small amount? might or might not be sus.

#AlgoTraderAG
#Amdex (isn't this also a custody biz)
#IsraelInnovationAuthority
#CelsiusNetwork/#GK8 creditors, continued: #MatteoZhou seems like a really, really popular name in Italy. Also impressed that they manage to pack so many Matteo Zhous into just 3-5 buildings. small guys or big houses I guess.
@DanielFCelsius @ahcastor @bitfinexed @MikeBurgersburg
🧵#CeliusNetwork/#GK8 creditors list, back to Question 1 about sanctions violations... I counted some addresses and was kinda 😱:

➤ 1,459 RUSSIAN FEDERATION
➤ 897 UNITED KINGDOM
➤ 284 SINGAPORE
➤ 150¹ ISRAEL
➤ 90¹ CHINA
➤ 42 SAUDI ARABIA
➤ 26 MALTA

¹ (ish)
🧵If we filter the LIMITEDs we can strip out individuals and find a couple more interesting #Celsius/#GK8 creditors:

#Tether (twice)
#TiantianKullander (@ambergroup_io's dead CEO)
#Invictus (@Invcryptogroup - defi rug?)
#BabelHoldings (@BabelFinance?)
@ambergroup_io @invcryptogroup @BabelFinance 🧵Other #CelsiusNetwork/#Celsius/#GK8 creditors I just spotted:

#Huobi (explains a lot)
@Auros_global (bankrupt #DeFi w/links to @maplefinance)
#Matrixport (major Asian #CeFi who suddenly don't honor $USDT on #Tron chain)
🧵#Huobi, #Matrixport, @Auros_Global, #Tether, @FalconXNetwork, @TheBlock__...

seems like all the bros who have been showing signs of financial distress (Huobi), signs of possibly being murdered (#TiantianKullander), or signs of both (#AmberGroup) is owed money by #Celsius.

🤔
🧵 Oh look I just spotted "Evolve Wealth Limited".
Any connection to Evolve Bank & Trust (@getevolved1925) AKA #FTX's bank with one of the more "interesting" approaches to KYC/AML compliance? (hint: they don't really do it)
#FTXScam #SBF #EvolveBank @BennettTomlin @CasPiancey

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More from @Cryptadamist

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
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
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
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
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
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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