@intel_jakal Profile picture
Apr 12 4 tweets 3 min read Twitter logo Read on Twitter
@leomschwartz Does anyone know where #ElSalvador sourced the funds from to repay the $800m bond that matured in Jan 2023? Image
@leomschwartz Not saying I'm right....but don't tell me I'm wrong unless you can show me I'm wrong....and the only way to do that is produce some real numbers. #provemewrong #tether Image

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More from @intel_jakal

Apr 4
@gaborgurbacs @Tether_to @tethergold @paoloardoino I agree #Tether $Gold aka $XAUT is a great product. When compared to $USDT $XAUT is by far the better option.
Why is does no one use it?
@gaborgurbacs @Tether_to @tethergold @paoloardoino In the last 12 months only 19k has been sold and only 82k since beginning of 2021.
@gaborgurbacs @Tether_to @tethergold @paoloardoino Since the beginning of 2021 #tether themselves have purchased and increased inventory ready for sale by more than 79k ounces (which is almost as much as sold over that period). But zero interest.
Read 7 tweets
Mar 28
@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 ...
Read 15 tweets
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
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
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
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

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