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@intel_jakal
Mar 28 • 15 tweets • 13 min read Twitter logo Read on Twitter
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@ParrotCapital It doesn't help when the regulator makes mistakes in their filings.

#meritpeak is #BVI company not Caymans.
@ParrotCapital Its not like its a fkn secret. We even know that the current #BVI agent for #meritpeak is #cloverdale which is #binance BVI agent.
@ParrotCapital duh I mean't #cloverdale was #binance agent....its now #harkom ...
@ParrotCapital And if you are going to reference a company you should probably use its current name

Binance UAB name was changed to #bifinity UAB (although #binance never really told anyone that)
@ParrotCapital its not like the dots haven't been joined for you
@ParrotCapital
@ParrotCapital Also you don't need to speculate as to if CZ's ownership in Bifinity UAB (aka Binance UAB) is direct or indirect....its definitely direct...in his name personally. What's more important is to find out if CZ is 100% beneficial owner....and not holding % on behalf of others.
@ParrotCapital I did find this amusing...a) makes a mockery of the shock and surprise feigned by @cz_binance ....refusing to comply with an "investigative subpoena" should tell you that things are going to shit.
b) its reminds me of the #FTX #DD for #miamistadium
@ParrotCapital @cz_binance
@ParrotCapital @cz_binance As I've said literally 10000 times....there were many false statements provided during #DD for #FTX #miamistadium signing rights. Including those specifically relating to #binance

Binance Holdings is a Cayman Island entity and not Japan.
@ParrotCapital @cz_binance In fact we know that when #binance claimed to operate in #japan it did so illegally without an actual entity nor a license to operate (busted not once but twice).
Note: June 2021 is only a few months after FTX falsified their Binance related submissions for the FTX arena DD.
@ParrotCapital @cz_binance btw Sammy Lin had skin the FTX game.
@ParrotCapital that's all from me today....I've got real world shit to do....Im sure I'll have more commentary on this later....after all I haven't yet read the whole document.
@ParrotCapital @cz_binance unroll @threadreaderapp
@ParrotCapital @cz_binance The gift that keeps on giving.#FTX

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More from @intel_jakal

@intel_jakal Profile picture
Mar 27
Here's a question to all my #twitter peeps.... but some background first.
One of the first things you learn in M&A 101 is that the primary benefit of a share sale vs an asset sale is that an asset sale you get to leave behind liabilities and any potential unknown skeletons...
Now this is not true in all cases for example in Europe (my specific experience is Germany) if you acquire a going concern via asset sale employee obligations are carried over (that the simple version its way more onnerous).
But my question relates to what about when a company acquires an asset that's subsequent to acquisition its discovered that asset was previously used for the carriage of illegal activity. Say for instance a domain. What responsibility other than the obvious reputational risk.
Read 5 tweets
@intel_jakal Profile picture
Mar 22
@ParrotCapital @JackInabinet @9thdecimal @Cryptadamist @MikeBurgersburg @ExkrementKoin @crypto1nfern0 @vidar_research @AureliusValue @AlderLaneEggs @Annihil4tionGod what we are witnessing is akin to what happens when a hacker targets a vulnerability in a system and is able to release malware and it causes havoc to its target.
@ParrotCapital @JackInabinet @9thdecimal @Cryptadamist @MikeBurgersburg @ExkrementKoin @crypto1nfern0 @vidar_research @AureliusValue @AlderLaneEggs @Annihil4tionGod There is literally hundreds of zero day attacks in crypto. But rather than addressing bad actors and patching vulnerabilities in the ecosystem. - they were embraced as innovation - literal onramps to the promised land.
@ParrotCapital @JackInabinet @9thdecimal @Cryptadamist @MikeBurgersburg @ExkrementKoin @crypto1nfern0 @vidar_research @AureliusValue @AlderLaneEggs @Annihil4tionGod The Signet walled garden is a perfect example - if a bad actor gets into your walled garden as soon as its flagged you excise them and patch the vunerability. If you don't they propagate and destroy your garden. Instead those who could have, should have taken action
Read 11 tweets
@intel_jakal Profile picture
Mar 5
@ThegreatLambiny @ParrotCapital @Bitfinexed @Cryptadamist @cryptoinformer0 @Annihil4tionGod Around the same time CZ had apparently come to the conclusion that #SBF was unhinged and wanted out. He allowed #FTX to publish false information about #binance (Miami Dade due diligence Stadium naming rights).
@ThegreatLambiny @ParrotCapital @Bitfinexed @Cryptadamist @cryptoinformer0 @Annihil4tionGod March 2021 Binance and Multicoin get fully loved up.
@ThegreatLambiny @ParrotCapital @Bitfinexed @Cryptadamist @cryptoinformer0 @Annihil4tionGod We love #binance sooo much we spent thousands of hours writing puff research pieces.....#binance the new #piratebay
Read 12 tweets
@intel_jakal Profile picture
Mar 4
Tomorrow I'll walk through my calculations as to how #tether was able to increase their reserves by $700m and then spruce it as a profit.
Until then here's a couple of points to ponder.
1. #nontokendebt - This is something I've broken out in every analysis I've done on Tether's attestations.
Its literally the most important in their numbers. Image
Non token debt is changes in cash.
Read 6 tweets
@intel_jakal Profile picture
Mar 4
I've been tracking #tether's attestations since they started publishing them.
I'd like to think that I provide more granular reporting then they do themselves.
I generally try to update the shared sheets and provide some commentary with a week or so of the attestations being released. I haven't had the chance to this quarter...as well I've had real world shit to do ....
I was kinda champing at the bit to write up a few tweet storms as all the fanboys were shilling the amazing $700m profit #tether had made in the Dec quarter alone....
Read 9 tweets
@intel_jakal Profile picture
Jan 26
@ParrotCapital @3TUSDPonzi @MikeBurgersburg @otteroooo @Bitfinexed @BinanceFraud Definitely not the worst jurisdiction. But you are probably more wrong than right in your perception.
@ParrotCapital @3TUSDPonzi @MikeBurgersburg @otteroooo @Bitfinexed @BinanceFraud But there is a reason why most of the licensed entities in these jurisdictions are less than 10 years old (in $ vol) and likely less than 3 years old (in terms of number of entities).
@ParrotCapital @3TUSDPonzi @MikeBurgersburg @otteroooo @Bitfinexed @BinanceFraud A conversation for another day. But if regulators really want to make a dent into fintech crime its not that hard.
you have to think like #gretzky
Read 4 tweets

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