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⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com Profile picture
⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com
@Cryptadamist
"in the land of the coins the man who makes it to dubai is king" (often held in The Shadows of Bǟǟn by The Brothren, you may not see me tweet unless you 🔔)
Nov 14 • 4 tweets • 2 min read
they're going to transfer incredible amounts of taxpayer money into the hands of crypto bros. that's what this has always been about. and if you think i'm exaggerating you haven't been paying attention. the taxpayer bailout of the crypto industry is already well underway.
wpr.org/news/wisconsin…
Nov 5 • 59 tweets • 16 min read
🧵1/Ω
Thread for those who don't have the intestinal fortitude to sit through the Elmo / Rogan interview. Image 🧵2/Ω
Both these guys seem to regard the FBI asking (not forcing) "old Twitter" to take down some tweets as a crime against humanity roughly on the scale of the Stalin's gulags.

Rogan: "We were headed down a path of censorship and of control of narratives that is UNPRECEDENTED."
Oct 30 • 7 tweets • 3 min read
is saylor trying to bail out the entire bitcoin market? $MSTR @crypto1nfern0 i find it at least curious that this announcement of such a massive capital raise came just a few days after we got confirmation that the Treasury Dept is considering freezing Tether's assets and the DOJ is investigating them...
Oct 24 • 12 tweets • 6 min read
1/ anyone heard of #ChipperCash, an #FTX funded african fintech that had at one point almost $700 million deposited at Silicon Valley Bank? the funds were split up across like 10 accounts so the name didn't come up when $SVB's top depositors were a hot topic... Image
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Image 2/ Funds were in accounts labeled as "Deciens Chipper Cash SPV" 1-N. based on the total amount roughly matching the below tweet it seems like those funds somehow came from #Nigeria's government?
Oct 9 • 30 tweets • 8 min read
🧵1/Ω
A thread about the recent connection of what WSJ calls “the shadow dollar that’s fueling the financial underworld” and the Trump campaign (basically a 🧵 version of my pinned tweet).

Ω👇Ω 🧵2/Ω
Some background: there’s a NYC based financial firm called Cantor Fitzgerald whose CEO is a man named Howard Lutnick. Lutnick became somewhat infamous in the aftermath of 9/11 for cutting off payments to the many Cantor employees who died in the World Trade Center. Image
Sep 26 • 36 tweets • 15 min read
🧵1/Ω
Eric Adams minorly mega-thread bc I broke the other one:
🧵2/Ω
I have videos of these screenshots but the frame rate is broken and i'm too lazy to correct it right now, but Uzbekistan's #Agrobank hired Brock Pierce's favorite lobbyist and went to meet Ted Cruz and went to the White House:
Sep 10 • 7 tweets • 3 min read
Ω❓Ω
maybe nothing but interesting the total value of Tether's repo assets for 2023-Q4 is only 2% less than the collateralized assets listed on #CantorFitzgerald's 2023 filing

@Bitfinexed @myuzumaki_com @OccamiCrypto @tysgillies @BenFoldy @crypto1nfern0
sec.gov/Archives/edgar…

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Image @Bitfinexed @myuzumaki_com @OccamiCrypto @tysgillies @BenFoldy @crypto1nfern0 @DesoGames @ParrotCapital 👆
Aug 30 • 46 tweets • 15 min read
🧵1/Ω
Just read #Chainalysis "2024 Crypto Crime Mid-Year Report". Obvs they have a habit of minimizing crypto crime stats but reading closely I realized this is kinda nuts. So nuts I that we need new rhyme akin to "pump & dump" vein. I give you:

"Minimize & Legitimize"

Ω👇Ω Image 🧵2/Ω
The report has two parts. I focused on the 2nd half because it makes a big deal about CSAM. Surprisingly to me it seemed like Chainalysis was for once maybe not downplaying something really bad...

But then I started checking the numbers.

(Report: )chainalysis.com/blog/2024-cryp…
Nov 2, 2023 • 42 tweets • 12 min read
🧵1/Ω
It’s that time again. Gather round, children, for a thread about the closing arguments in the trial of Sam Bankman-Fried. #FTXTrial #FTXScam

Ω👇Ω Image 🧵2/Ω
The govt’s case revolves around a few things but fundamentally it’s about risks that were not disclosed to customers/investors.

According to the govt not only were these risks not disclosed SBF took steps to conceal them. Which is, you know, a crime

Text from my 📌 twt 👇 Image
Oct 30, 2023 • 48 tweets • 10 min read
🧵1/Ω
Thoughts from SBF’s 2nd day of cross examination:

Today went very, very badly for Mr. Bankman-Fried but it was still kind of a shame the jury didn’t get to witness the absolute train wreck of his first attempt especially this part: 🧵2/Ω
Things got off to a rough start when SBF tried to say that the million and one times he claimed that Alameda was just like any other FTX customer in every way he secretly was communicating that “every way” meant “one way”: Alameda didn’t front run FTX's customers.
Oct 26, 2023 • 29 tweets • 6 min read
🧵1/Ω
Thoughts about SBF’s testimony today:

1. I never imagined it would be so grimly satisfying to watch a man hang himself before my eyes. The only disappointing part was that today wasn’t in front of the jury. 🧵2/Ω
SBF’s “my view from the perspective of the data I had available to me at the time” and “I’ll try to answer the question I think yr asking”¹ schtick did not play well with the judge.

¹ he actually said this, after which the prosecutor said “you didn’t answer my question".
Oct 11, 2023 • 28 tweets • 5 min read
🧵1/Ω
Things I Learned From Caroline Ellison's Testimony That CoinDesk Has Declined to Mention, a Thread:

1. The billion dollars that SBF had to bribe Chinese officials to give back was held on Huobi and OKX. 🧵2/Ω
That bribe was for $150 million.
Sep 19, 2023 • 8 tweets • 3 min read
🚨Ω🚨
Pumping my bags: another issue of #TheCryptocalypseChronicles is out on The Blogging Site That Shall Not Be Named concerning the actions of one #AxosFinancial AKA "#Binance's new US bank".

Link in bio because Elmo is pathetic and demonetizes links to That Other Site. $AX Image 🧵2/Ω
Perhaps unsurprisingly Axos Financial / $AX appears in the list of #FTX creditors. Image
Sep 6, 2023 • 11 tweets • 5 min read
🧐 Just stumbled on this "FIAT INTEGRATION AND REVOLVING LOAN AGREEMENT DATED 10/16/2020" from #iFinex in the list of #FTX's assets from a few days ago.

"What's iFinex?" you may ask?

It's Tether.

Image 🧵2/Ω
If you think through what that means... given that it appears in the FTX list of assets it appears that Tether had an open line of credit where they could borrow money from FTX?

1. What assets were they borrowing?
2. Why does a stablecoin issuer need to borrow anything?
Jul 13, 2023 • 7 tweets • 3 min read
🧵1/Ω. Some exegesis of the (extremely weird and confusing for everyone on both sides) $XRP / #Ripple ruling:
storage.courtlistener.com/recap/gov.usco… 🧵2/Ω. Ripple tried to say there should be an "essential ingredients" test instead of or in addition to the Howey test and the court said "gtfo".

Jul 10, 2023 • 6 tweets • 2 min read
🚨 how do you have a "temporary shortage" of your users' assets if you were just holding them for custody?

answer: you don't.

so #BinanceUS must have been playing games with its customers' crypto. aside from the fact that it makes absolutely no sense i also can't really believe that a native english speaker would write this sentence:

"There's been a temporary shortage in the concentration of BCH on the BCH network."
Jun 10, 2023 • 4 tweets • 2 min read
just a hunch - no evidence yet - but i suspect #PrimeTrust just got seized or shut down by the FBI Image "PT holds bank account" means "Prime Trust holds bank account"
Jun 9, 2023 • 5 tweets • 4 min read
why is Wacky Cathie's "big ideas" presentation on bitcoin lying about #Binance & #CryptoCom's proof of reserves?

- the #CryptoCom one literally redacted all the numbers. #notajoke

- both those pieces of paper were *immediately* retracted by the auditors
ark-invest.com/big-ideas-2023… Image 🧵 this is #CryptoCom's "proof of reserves" that Wacky Cathie's ARK website claims was done in 2022 👇. it existed in public for 5 days before the auditor Mazars was like "just kidding!" and deleted that entire part of the website. $ARKK $ARKW $ARKF $ARKG
Jun 8, 2023 • 7 tweets • 3 min read
#StifelBank? Image welp

"While our client cash balances declined modestly due to seasonality and cash sorting in February, over the past two weeks, we have attracted over $1.3 billion in additional bank deposits, including an increase in uninsured deposits" $SF Image
Jun 3, 2023 • 4 tweets • 2 min read
"Your keys - but not your crypto!" Image the scammers trying to scam the recently scammed move so fast these days it's only a matter of time before they get their scam in before the scam they're following up on
Jun 2, 2023 • 4 tweets • 3 min read
Commercial Real Estategeddon is picking up speed... "The lender, an unnamed debt fund, originated a $700M mortgage and a $188M credit facility"

looked into who was the lending bank and turns out the loan came from an unnamed "shadow bank"...
mondayre.com/news/monday-pr…