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⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
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Mar 1 • 5 tweets • 6 min read
👏 @WhatBitcoinDid calling out @Sonnenshein, #Grayscale, @DCGco, and #EmperorShillbertine for the frauds they are. Recall they used #GeminiEarn customer money to pay themselves and prop up their fraudcoins like $GBTC...

Ω👇Ω
@WhatBitcoinDid @Sonnenshein @DCGco For context, this is where the #GeminiEarn money went:
Remember the prophecy folks... Image
The fireworks start at 50:30 when @PeterMcCormack leads with "is what #DCG / #Genesis did to #GeminiEarn customers when they used retail money to prop up the price of $GBTC ethical?"
At around 1:03:20 the CEO of #Grayscale sounds like he's about to cry. #GeminiEarn #DCG #Genesis

@Bitfinexed predicted the future once again.

Ω👇Ω

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More from @Cryptadamist

⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 4
🧵1/Ω
ELI5: Why did #SilvergateBank / $SI just implode?

I realize some people may be wondering WTF just happened so here's the unannotated short version...

The story begins when $SI, a small regional bank, decided to go full crypto.
🧵2/Ω
A bunch of crypto companies used $SI to hold user deposits, stablecoin backing, etc - $USD cash. As it got more crypto customers it grew - $SI went from being a small bank to a medium bank, holding IIRC ~$15 billion in customer deposits.
🧵3/Ω
Since it had all this cash around $SI execs decided to invest it in a very safe asset: US Treasury bills. Basically they loaned the government of the United States money in exchange for interest plus guarantee of getting it back in N years.
Read 23 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 3
🚨Ω🚨
The joke called $RIOT Blockchain is out here triumphantly announcing an amazing year despite the fact that:

1. they also filed a notice w/SEC that these numbers are wrong and they're refiling back to 2020.

2. they net LOST $509 million on $259mm revenue 🤦‍♀️

#whatajoke ImageImage
You can find this document along with other made up numbers $RIOT filed with the #SEC here 👇
riotplatforms.com/investors/sec-…
The joke is even more of a $RIOT when you realize that #RiotBlockchain **already** had to amend their 2021 numbers with the SEC because they "forgot" about all the money they spent acquiring a couple of 9 figure businesses. see where it says "amendment" on SEC page:

Ω👇Ω Image
Read 4 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Mar 1
🚨Ω🚨
Kraken is halting its use of $SBNY for some "key transactions"
$SBNY's annual SEC/FDIC filing is due today... hasn't been filed yet, nor has an extension.

🚩? Image
$SBNY testing 2 year lows... Image
Read 7 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Feb 23
🧵1/Ω
Now that #JosephDePaolo has suddenly resigned as CEO of $SBNY under a cloud of money laundering/fraud related smoke (he banked #Binance under a nonexistent Seychelles company which is illegal) here's a recording of an earnings call where he claims to not know who FTX is.
🧵2/Ω
In the aftermath of the #FTXplosion DePaolo, one of two CEOs of "crypto friendly" banks in the United States, would like you to believe that he has no idea what this "#FTX" thing is.

SBF was easily the most famous dude in finance at that moment and a CUSTOMER AT HIS BANK
🧵3/Ω
Maybe he really was that clueless. Would explain how so much #Binance money got laundered through his bank and how $SBNY ended up being #Tether's banker.
Read 13 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Jan 31
🚨🧵1/Ω
#BankOfLithuania has published its inspection and review targets for 2023. Guess who's targeted at the very top of the list?

@RevolutApp and @Swedbank, for money laundering and terrorist financing.
🚨🧵2/Ω
Guess who's at the top of the "Electronic money and payment institutions"? #Contis.

What does #Contis do?

They are the issuer of the #Binance Visa card.

#GuruPay, #PhoenixPayments, @RebellionPay also make appearances.
🚨🧵3/Ω
On the 3rd page I was surprised to see that a company named #Silvergate appears. #UABSilvergateLT, specifically. Any relation to $SI?

There's also #MajesticFinancial and #Maneuver.
Read 4 tweets
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
Jan 29
🧵1/Ω
➤ #Binance announcing increasingly dire issues w/its fiat on and off ramps.

➤ #CryptoCom's Euro bank accounts were frozen or seized by #BankOfLithuania on 1/21 for money laundering, terrorist financing, and sanctions violations (screenshot)

Let's dig...

Ω👇Ω ImageImage
🧵2/Ω
Recently users of #CryptoCom were surprised to receive an email saying that #SEPA transfers of $EUR were being “migrated to a new provider” and thus Euro-denominated deposits and withdrawals were temporarily suspended.

Yikes.
Ω👇Ω Image
🧵3/Ω
#Cryptocom customers couldn't deposit/withdraw for ~100 hours yet #CDC did not send any kind of prior notice to their customers. Many redditors confirm problems began > 24 hours BEFORE #CDC sent out the first (and only) email about the disruption.

Some got 0 emails.

Ω👇Ω Image
Read 32 tweets

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