@intel_jakal Profile picture
Jan 21 4 tweets 2 min read
Imagine having enough spare change lying around to invest $25m into #genesis and not bothering to file your annual reports and allowing your company to be administratively dissolved. Then having to make a claim for $25m as a creditor while your entity isn't in good standing. Image
Image
btw I'm not confident that the trinket site is related to the creditor company.

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More from @intel_jakal

Jan 23
So today quickie is #genesis top 10 creditor #Donut
Self proclaimed #web3 pioneer who's competitive advantage is the use of Decision Tree Risk Modelling Tools....awesome web3 word salad. Image
even though their product is on pause due to #genesis their principal lending partner blowing up.
They still proudly claiming that their #proofofreserves liquidity ration is still 100%+ Image
As a #web3 pioneer with next gen decision modelling tools and a industry leading #defi platform just how well did donut.app mitigate their exposure to #genesis?
Read 9 tweets
Jan 21
@Cryptadamist @GenesisTrading This is one that I would love to spend more time on and rip it to shreds...but alas I'm out of time.
Here's a couple of observations...
@Cryptadamist @GenesisTrading Don't look for Jon Collins-Black look for"Jon Comer"
Why? 3 direct connections - email, phone number and medium page.
@Cryptadamist @GenesisTrading Who is "Jon Comer" most likely the CMO of Game Credits which is owned by NFT Platform Ltd (Antigua)
Read 9 tweets
Jan 9
I'm not a #binance #genius but when an investment is made into your company is it normal to have to pay your investor...even if it is a #shitcoin. Image
Does anyone know in what form #binance made its investment in #FTX...... was it in #BUSD? and what value was received?
If it was #BUSD what did #FTX do with that #BUSD if it wasn't. where did #FTX get BUSD to be able to payout #binance?
Read 4 tweets
Jan 9
#multicoin are the #muppets that compared #binance to the #piratebay and they also got stitched badly by #FTX not once. not twice but three times.
frozen out of 10% of their AUM and stitched in Fund II and III

Note: Date of Fund II. - 4 May 2021
Read 19 tweets
Jan 4
Back in Aug 2021.... #binance bungled their attempt to use #EddieUK to secure licensing by stealth in the UK.
Which didn't go well. the @TheFCA was onto #binance
again in early 2022 the FCA raised some questions as to #binance's actions

This time in relation to its attempt to take control of #Eqonex via. convertible loan.

fca.org.uk/news/press-rel…
Read 7 tweets
Jan 4
Who should be upset about this?
Well ..
If I was a government official or tax paying citizen of Miami-Dade.
If I was part of the Miami Heat franchise. If I was a basketball fan or just an ordinary citizen who decided to become a customer of FTX
or was in anyway influenced by FTX being putting up in lights at the home of one of the most recognised sporting teams globally.

Personally I do not think that just cancelling the contract, putting in debtors declaration and tearing down the sign cuts the mustard.
Yeah we all know SBF lied, cheated and stole.

But CZ walked with $2.1B. Didn't provide answers. Those that were provided by FTX were false/misleading.

Surely that requires further scrutiny.
Read 4 tweets

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