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Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 Profile picture
Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺
@Bitfinexed
Exposed Bitfinex/Tether as one the largest financial frauds in history. "A powerful force working to harm Tether." - Tether CEO - Ludovicus Jan van der Velde
5 subscribers
Apr 5, 2024 • 7 tweets • 3 min read
Ethena is another Tether funded fraudulent Ponzi scheme.

Think of Ethena labs as Alameda Research, remember, FTX/Alameda Research was in reality funded by the Tether fraud, Tether loaned Tethers to Bankman and Bankman then stole customers funds.

This is what's happening here.

Ethena is going to take the BTC collateral and deposit them on Tether fraud exchanges, inevitably these positions are going to get wiped out, regardless of how stable they claim it is because they're both shorting and longing.

In reality whats happening is the fraudulent Tether exchange they make these positions on, are stealing your bitcoin and showing you accounting entries on the interface.

Inevitably, the exchange will fail, get hacked, something goes wrong, when that happens, they'll at first cover it up and try to get a bailout (likely from the Tether fraud).

Ethena is nothing more than yet another fraudulent ponzi scheme and that's why you're seeing Tether fraud exchanges rushing to list this blatant fraud.

If you were to try and run these scheme as an outsider, it would rightfully be called out by everyone as a Ponzi scheme, but Ethena is getting attention because they're part of the same group of frauds running the whole sector.

Anything that is using Tether fraud exchanges to back their so-called tokens, is a giant fraudulent ponzi scheme, end of story. It will blow up, they'll cover it up, for a while, and then it inevitably blows up in everyones faces.

Meanwhile, your shit gets stolen, as what we saw what happen with FTX.Image
Image Be wary of anyone supporting these frauds as they're likely paid shills.
Feb 18, 2024 • 13 tweets • 4 min read
Tether is the largest financial fraud in history.

You thought the FTX fraud was huge?

You haven't seen nothin' yet, sparky.

Sam Bankman-Fried was able to print tethers out of thin air, steal customers funds, and send it too... the Tether fraud.
Image
Image What did I tell you?
Nov 9, 2023 • 4 tweets • 2 min read
Institutionalized investors allegedly sending another billion US dollars to a criminal organization that launders money for terrorist organizations that has been repeatedly caught lying about their reserves and targeted by @SenLummis with letter to the US Attorney General asking the DOJ to prosecute Tether, and former CIA officer co-signing a bill that explicitly cites the Bitfinex/Tether fraud as a national security threat.

To buy bitcoin.

Instead of just buying bitcoin directly for dollars.
Image @RepSpanberger
Mar 27, 2023 • 8 tweets • 2 min read
You have to ask yourself why would a single trader need over three hundred trading accounts, to trade on Binance?

Because they're wash trading and painting the tape between their accounts.

They can make the prices do whatever they want. They can stuff the majority of the ask side of the order book with their own sell orders, and then FOMO buy the entire orderbook, driving the market to new highs without spending a single penny. They're just buying from themselves.
Mar 27, 2023 • 5 tweets • 2 min read
More coming.

bloomberg.com/news/articles/… Binance trades against their customers using at least 300 accounts.

At least 300 "house" accounts are controlled by CZ. I guess that's why they call it a mouse house?
Mar 25, 2023 • 4 tweets • 2 min read
Coinbase claims that complying with SEC registration requirements is impossible.

Coinbase is telling the truth. It’s impossible for crypto shitcoins listed on Coinbase to conduct independent audits, like the Tether fraud that Coinbase decided to list. investor.gov/introduction-i…… twitter.com/i/web/status/1… Image Coinbase is in a tough spot with Tether. Bitfinex/Tether have knowledge of something that Coinbase did, likely illegal. Something that Coinbase obviously would like to keep out of public knowledge.

We already know that Coinbase employees listed their own shitcoins on Coinbase.
Jan 14, 2023 • 5 tweets • 1 min read
Sometimes you receive evidence about somebody that you want to become more sure of.

Most of the time, the person involved will just deny it, so I like to do a little test. First, they'll deny the evidence, so I'll ask them a simple question I already know the answer to.

They answer the question, incorrectly, when I have die hard evidence, from themselves, showing their statement is false.

Then when confronted with themselves, they'll backtrack.
Jan 14, 2023 • 4 tweets • 3 min read
BREAKING: This is not an accident.

Ran Neuner is nothing more than a puppet, being told exactly what to say, and when to say it. He has a lot of influence and people listen to him.

You're simply watching a manipulated show, orchestrated by a few insiders. Also of note, Ran Neuner is also promoting openly no-KYC/AML Tether fraud exchanges.
Jan 13, 2023 • 8 tweets • 2 min read
Here's a recording from a crypto pump & dump channel (featuring Bitfinex executive Phil Potter in the room), that talks about how the crypto market actually works.

It's a game of telephone, tell people to gang up with you, tell your people to move the price up. "Game of coin" Don't forget about the Exchange Coordination room. Yes, they coordinate on prices as well. Exchanges have an interest in keeping their frauds afloat, and will inflate the market when they need it to inflate.

Jan 13, 2023 • 7 tweets • 2 min read
On April Fools day 2019, the Bitcoin Bull Market restarted, three weeks later, the NYAG sued Bitfinex & Tether to force document production, and then the FTX fraud launched in May 2019.

Bitfinex figured out in late March 2019 that the NYAG was not going to back down on subpoenas It was commented at the time that "nobody knew" why the market suddenly went up $1,000 in one day on no news, or other triggering events. It just randomly decided to go up and start a bull market.

The reality is insiders knew that Bitfinex/Tether was about to be sued.
Jan 13, 2023 • 10 tweets • 3 min read
Nexo goes Rektzo.

"The four Bulgarian nationals were charged with forming an organized crime group related to money laundering, unlicensed banking activities and computer crimes, Borislav Sarafov, said at a news conference on Friday."

bloomberg.com/news/articles/… Receipts:
Jan 12, 2023 • 4 tweets • 2 min read
Important to remember:

1. Crypto exchanges are a cartel that work together, remember "Exchange Coordination"?

2. Billions of dollars have been lost by favored parties.

3. Crypto exchanges need to bring new money in the ponzi scheme, or they will start to collapse themselves. 4. The absolute sure-fire way to bring new money into the crypto ponzi scheme, is by artificially inflating asset prices with fake money.

They hope to create a sense of "the bottom is in", and then new money comes in hoping to "buy the dip".
Jan 12, 2023 • 5 tweets • 2 min read
Yeah, look at that.

We called Nexo too. We told everyone that every crypto lender would go bust, way back in 2019... and look at that... every crypto lender is going bust.

Loaning money to Ponzi scammers will always go bust. Receipts:
Jan 6, 2023 • 4 tweets • 1 min read
Voyager just laid off most of their employees.

Happy Friday! u mad?
Dec 18, 2022 • 14 tweets • 3 min read
Changpeng Zhao (CZ) was originally the CTO for OKCoin, a Chinese crypto exchange.

CZ did the programming for the wash trading bots, they were called “volumizers”. It’s not a surprise that CZ still uses bots to this day, to spam twitter and wash trade on Binance. CZ Binance is desperate, as he’s known to be under criminal investigation reuters.com/markets/us/us-…
Dec 17, 2022 • 6 tweets • 1 min read
Now that auditors are abandoning the cryptoattestation business, which is a good thing, crypto firms are going to claim that nobody wants to audit them.

Reporters can put that nonsense to bed by getting statements from major auditors that they would be willing to perform audits. Crypto exchanges and firms for years claimed that nobody wants to audit them. The truth is they wanted to use auditors credibility on an attestation, so people would think it’s an audit when it is not.
Dec 17, 2022 • 4 tweets • 2 min read
As of last week, Binance instructs users to deposit money to a shell account in the name of “Key Vision Development” based out of the Seychelles.

Which is interesting because that corporation was struck off in September of last year with other Binance shell companies.
Dec 16, 2022 • 5 tweets • 1 min read
On Binance there is a tremendous amount of leverage that is supported by the value of Binances own BNB token.

Binance allows traders to use BNB token as collateral to trade other cryptos on Binance.

Binance will have to go through great lengths to keep BNB prices up. It is inevitable, as BNB falls in value, everyone using BNB as collateral will eventually become a forced seller of whatever they bought, bringing BNB down in price, with the price of whatever cryptos that was bought with it as well.
Dec 13, 2022 • 6 tweets • 3 min read
Tether's Chief Technicality Officer, Paolo Ardoino, sporting a Joker Avatar, is on a cocaine bender literally contradicting the New York Attorney General/CFTC Investigation into Tether.

Tether literally can't stop lying.

Bitfinex & Tether commingled funds just like FTX/SBF did. ImageImage Bitfinex/Tether essentially used tethers so-called reserves to cover up an $850 million dollar loss for bank fraud and money laundering, and then Bitfinex/Tether needed a crypto-bailout. The same bailout that SBF/FTX was hoping for. Image
Dec 13, 2022 • 5 tweets • 2 min read
What did I tell you all a year ago?
Dec 11, 2022 • 5 tweets • 1 min read
If crypto exchanges wanted to do a real proof of reserves, they'd be telling everyone to withdraw their crypto at the same time.

If I ran a crypto exchange, there's a tremendous amount of liability of holding your customers crypto.

wsj.com/articles/binan… I'd want to have as few of my customers crypto as possible, because guess who gets sued if something goes wrong? I do!

With the magic of the blockchain, the crypto exchanges don't even need to store customers crypto.