🚨 #CryptoCom is who $MCB is banking fren... All that USD flowing into and out of the American banking system seems to pass through them. And they are STILL banking #CryptoCom according to #CDC's own site.

Reminder that #CryptoCom and #Binance are (or at least were) basically the same company), off chain edition by @Annihil4tionGod: annihil4tiongod.substack.com/p/untangle-the…
Reminder that #CryptoCom and #Binance are (or at least were) basically the same company), on chain edition by @BoringSleuth:
If you think that $MCB is going to be spared the coming regulatory crackdown on #Binance (and thus #CryptoCom) who were just alleged by #CFTC to be trafficking in money for Iran and various terrorist groups... gl
@FDIC_OIG / @SECGov when you're behind the absolute clown car of a regulatory body known as @BaFin you can be said to have totally failed on #CryptoCom. @BaFin is literally on the side of the criminals most of the time. (see: #Wirecard)
#CryptoCom got chased out of Germany but hey at least they just got a license to operate in Dubai, which is where all reputable international monetary businesses end up eventually.
German reporting on what is going on with #CryptoCom.

1. they lied and claimed to be outsourcing KYC/AML to a German company
2. they forgot to tell that company 🤡
3. @BaFin, which only moves quickly to persecute journalists, almost did something 🤡
@bafin oops I should have been tagging @Bafin_Bund 👆, the absolute clown car of an agency that rushes to prosecute journalists in defense of frauds.
Because The Privatized Public Square AKA "bird app" is weird and impossible to navigate I will just retweet this piece about why anyone doing business with #CryptoCom is headed for disaster again.

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More from @Cryptadamist

Apr 1
Surely it's just a coincidence that $2 billion worth of #Tether was printed at what was probably the exact same hour on the same day the US government moved to dump $212 million in Bitcoin onto the market at #Coinbase and half of that was $USDT accepted in $COIN's market? Image
Read 7 tweets
Mar 31

1. You can't withdraw crypto.
2. Or use ACH payments.
3. Or a debit card.
4. Also our #ApplePay just got terminated
5. Wire transfer is green but wires only work during business hours aka "not right now"

Have fun out there traders!
Happy trading all you cute #Binancians! Let's post some fun memes about how all our money is gone forever! ImageImage
Just to clarify it's only *some* crypto they admit you can't trade: $BUSD.

Also all of this is just temporary. I'm sure #BinanceUS will find a new banking partner "soon". After all it's only taken #Binance what, 70 days to find one?

70 days... so far. Image
Read 4 tweets
Mar 30
$MCB sends out hail mary press release about their strong financial position as of yesterday (morning or afternoon? Funny you don't say...) at the end of a day their stock crashed almost 30%.

yesterday was a whole different world fren.

ngmi Image
reminder that $MCB sent out a similar even more vague / weird press release about its great financial position just like 2 weeks ago.

I'm guessing Jamie Dimon also sends out a presser about Chase's strong financials every 10-15 days. Keeps a bank young.
🧵 just to thread up this incredibly astute observation by @SEC_digger about which numbers $MCB chose not to update from where they were on Dec. 31st, 2022:
Read 4 tweets
Mar 27
It's interesting to look at what #CFTC is asking the court for in the #Binance complaint:

1. Stop all trading immediately
2. Give us all the money
3. Actually give us more than all the money
4. Including salaries of all executives (lol @prhillman)
5. Jury trial ImageImageImageImage
@prhillman 6. No one associated with #Binance in any form should ever be allowed to trade commodities, futures, or other derivatives in the American market ever again ("permanent injunction")
* small correction: @PRHillmann is Binance US's CSO not CEO
Read 4 tweets
Mar 27
🧐 @FDICGov's press release makes it sound like First Citizens Bank took all the loans that #SiliconValleyBank had on its books.

But... it did not.

$90 billion in toxic loans were left behind.
Cost to taxpayers currently estimated at $20bn but it will rise.
@FDICgov 🧵 Much of what is being written about #SVB is just as wrong as what's being printed right now about Citizens Bank "buying Silicon Valley Bank".

To be clear: $SIVB had $90 billion in loans so toxic no one would buy them.

#fundbanking / #venturedebt
🧵 Oops I meant to highlight this in my first tweet. #SVB $SIVB #SiliconValleyBank
Read 7 tweets
Mar 26
Couple weeks ago #Binance stopped letting anyone post to r/binance on @Reddit and said they would limit comments to the "Daily Discussion" threads. (Conveniently that meant no one can see what mods deleted on #reveddit.)

But now they stopped making daily discussion 🧵s
@Reddit 🧵 Also because #Binance's fans on Reddit are so numerous and lucky there have always mysteriously been exactly 888k #Binancians subscribed to r/Binance on Reddit.

Now for some reason there are 889k...
I made a thread last month about the kind of threads the mods of r/Binance were deleting.

This is the kind of information the switch to "Daily Discussion" threads gets rid of.
Read 7 tweets

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