#Tether/#Justinscam watch!

BREAKING: Justin Sun steals another ~$60M from #HTX customers with Tether's direct help, and #Binance money laundering to try and hide it. I just happen to catch it pretty much live so it was fast to track. Observe. 🧵 $60M (rounded) freshly redeemed Tethers, because ETH's quiet so it's not a chainswap.

It's notable because it came *directly* from Binance. Which is a giant proof that says "NOT ALL redemptions come via Bitfinex".

Keep that in mind when looking at all treasury ins in 3 months:

Just remember this while crypto prices go crazy again this week. Understand it's all fake and i can create yet another chart where market cap is unrelated to price action to the upside. This time in the biggest pairs in crypto. It'll end in tears #Bitcoin #Tether #Ethereum #FDUSD Luna/Terra had the EXACT same setup. If reducing Luna supply leads to increasing UST supply, then increasing Luna supply should reduce UST supply, because arbitrage works two ways! With UST it only worked one way; until all supply came to market at once.

PSA: Justin Sun has now (very fraudulently) printed OVER A BILLION DOLLARS worth of shitcoins.

His wallet holds $1B+ in Just Lend Wrapped Staked USDT.

The #TUSD movement that's happening rn is him swapping TRON TUSD for #stUSDT.
tronscan.org/#/address/TT2T…




This could also indicate stUSDT is infact (or atleast partially) backed by TUSD, which itself is naturally fraudulently printed.

No idea what this contract is for but it was made 03-08-2023: tronscan.org/#/contract/TLT…

#Tether watch!

Alright, i promised a post on this so here goes. #Bitfinex is amassing a much bigger Bitcoin hoard than previously disclosed. Either that (by far most likely), or some whale trusts only trusts Bitfinex to trade with, and only accumulates at quarter end, in bulk. Gonna be another screenshot heavy thread i'm afraid, since i've gotta prove ownership when that's hard to do. So.

This time we follow the money backwards. How did 53.5K Bitcoin accumulate in a ~6 month old wallet? Aside from a few tiny txn, all BTC came in via Bitfinex.

#Tether watch!

#Bitfinex is printing themselves money again. Quite literally. They're using a new account to try and obscure it but i can pretty much prove it at this point.

Lemme walk you through. So Tether printed $100 million to an account 10 hours ago on TRON.

This is a fresh account with 5 TRX txn and 2 other txn.

#Tether watch!

Got another juicy thread today tracking down Binance wash trading. Very juicy.

So, i was looking at the #USDT again that keeps flowing into #Binance via #Kraken. I did the crazy thing again, and found it in Binance Hot.

But this time i went even further. See that red line? I figured, maybe the bot network is stupid enough to transfer all the funds in at once, because there's pages of IN at 6H22M - but the amounts are *ASCENDING* in order! Sorted almost!

So i clicked on *every wallet* in that screenshot. Here's the analysis:

Been a while since i looked at the $FNMA Fannie Mae monthly summary.

And yknow what, history never repeats, but it often does rhyme... Dug out an old summary from December 2008, and the liquidation rate's looking like it's having the same "blow off bottom" as it had in 2008.

Here's how that went in 2009 (from the January 2010 summary). Mind you liquidations spiked higher during covid than during the 2011 peak:

#Tether watch!

More BRRR. But that's not the question of today, which remains these darn chainswaps Bitfinex keeps doing.

This isn't small potatoes yknow. $388 million in 5 days! I really wonder what the function of Bitfinex 2 on Ethereum is as well. Since these chainswaps keep originating from there, and the INs before the chainswap are a total mystery to me.

#Tether watch!

🚨P̨ͯ̎͐ͦ̓ͨ͟҉̣̺̖̳̝͔ͅR̛̞̩̟̬̺̪͙̱͋̓ͭͨͯ̽̄̈͌͂ͤ̑͘͡͠Į̛̯͚̣͖̼͇̪̖̭̹̱͖͎̬̭̒ͯ̍̾͒ͥ͒ͯͧ̒̈̈ͨ͋ͩ̃͟͝N̐͌ͮ͒̿̒҉̛̕͏̺̯̗̥̪̯̦̩̩̗̘̗͉͈̳̯̝͚̣̕T̡̈́ͧ̄ͩ͢͏̲̦̩̠̖̖̤͈!̴̶̢̧̢̭̝̻̣̞͓̯̱̺̦̳͕͍̗͍͍̼̽̅̂̒̈́̆͛͑̂ͪ̚🚨

The fuck?

https://twitter.com/DesoGames/status/1602529359180533761

So, in a nutshell, Coinmarketcap and Coingecko circulating supply have become completely unreliable. I've squared the numbers before as has @Cryptadamist, so it's notable that there's a change.

Which also means the market cap readout on EVERY WEBSITE is now unreliable.

Caught this with #Tether and #Binance doing their chain swap.

For some reason, that 2.8B didn't end up in Tether's treasury wallet directly. Somehow it ended up in multiple Binance hot wallets (as the top 11-50 holders grew alot compared to top 1-10).

And wouldn't you know it.. So what you're looking at is the moment of transfer out of Binance Cold 2, as well as 2 other Binance Hot wallets at that time which aren't the main one. Page 500 was already below 2 hours when i thought of tracking this transaction.

And while i can't correlate ins....

Couple of highlights. I think the DoJ's case will be more extensive, this is gonna take ages to dig everything up, buuuuut there's a few gems in there none the less:

https://twitter.com/tier10k/status/1602622142188867585

Shoulda kept ya mouth shut buddy.

By the way; i wonder if people can figure out why Binance stopped withdrawals on USDC, but not USDT. And for anybody saying "it's for arbitrage" - please compare the last few hours on Kraken, Coinbase, Binance and Bitfinex and tell me where arbitrage happened.

#Tether watch!

Print! +~$84 million $USDT from last night. But in keeping with the recent trend, i've got *yet more* suspicious behavior catalogued. Tether's in deep trouble if not straight up dying.

First off - i can finally tie the volume spikes into price action: If you still think that's a glitch with THAT much convenient timing, there's nothing i can do for you, sorry. For the rest; the big spikes simply mean alot of quick transactions at scale, which CMC aggregates with an algo causing these big spikes.

The spikes can be small too.

Correlation does not equal causation, atleast in this case i don't think so. Still, makes for a hell of a chart.
#Tether $DXY $TLT Here's the closeup though, before it drops off the 15m chart and it becomes less granular.

Tether's depeg happened to happen on the same day the last CPI report came out, which dropped the DXY and spiked TLT - inverting their relationship ever since then.

#Tether watch!

🚨PRINT!🚨
+$80 million tonight. But keeping in turn with digging up yet more data, tonight, i've got something very.... very scary.

I should've thrown out the prediction last night, but i was too scared. Wanted confirmation.

Tethers market cap PREDICTS the DXY!

https://twitter.com/DesoGames/status/1577842023612256256

To elaborate, yesterday Tether should've printed (the 5th), but didn't. This while the peg was well within the printing zone as established over the last few days.

I've seen this before. 2-3 times, can't be sure if this is the 3rd or 4th time. I AM sure it's not a fluke.

#Tether watch!

🚨PRINT!🚨
Jump up of about $80 mil, but treasury wallets display an interesting pattern. So a smol 🧵

First off, i think this pretty much decisively proves there's a conspiracy going on. Justin Sun, CZ, and Tether are colluding in the biggest ponzi in history. Whenever #Tether's above peg, they print $USDT and give it to #Binance to wash-trade into the market and do whatever the fuck with it.

Below peg, Bitfinex swaps legitimate ETH Tether for bogus TRON Tether to washtrade the peg up. Above peg, the situation reverses:

Well, i did some more digging, and there's no point going deeper into transactions on the BSC chain. Since most of the (in)action's happening on the BNB-chain, and shit's VERY sus there at first sight; i know enough.

But i wanna go over what a mess the BNB token has become too.

https://twitter.com/DesoGames/status/1597662100381634560

Is the circulating supply 159M? or 163M? Or neither? Lets try and track this down.

So, part of this mess is that BNB is actually on 3 chains, not just 1: Ethereum, Binance Smart Chain, and the newly merged BNB chain - the latter being the vast majority of tokens.

Just a heads up; i've got more digging to do but i've got some damning evidence that BNB's mostly a Binance shell game.

bscscan.com/address/0x5a52…

Binance hot wallet 22 with 1,006,999.98 BNB in balance. How did it get there?

Transaction log: Well OK maybe it's "normal market operations" moving a million BNB. Checking Wallet 20 (which has alot more transactions) to see where *it* got 1 million BNB from; i came across this:

OK guys, time to ask an uncomfortable question.

Over the past 4 days, #Tether's circulating market cap dropped about $3.5 billion. During this time, $4+ billion of Tethers were collectively sent to the Ethereum and TRON treasuries.

The question is: Why is it ALL Bitfinex?! You can see the screenshots yourself, literally all Bitfinex.

Compare that to the issuance of Tether on TRON during the time the market cap was growing (page 2/3) - and it's not just Bitfinex receiving.

USDT also goes to Binance... and FTX.

.....PFFFFFFFFFFFFFFFFFFT alright.

Look i'm tired as is, it's been a trip with a new thing hourly, so i'ma just blast this one out there.

There's plenty of stables off-peg right now, but i hadn't taken an indepth look at $FRAX yet - though i'd seen it on curve. I know it's a "fractional reserve stable coin", so part collateralized and part algorithmic. Looking at their website app.frax.finance, this is what you see what they count as algorithmic and what as collateralized.

HOLY HELL i waited years for this.

zerohedge.com/medical/lancet…

Specifically this bit. I called that shit hard. I knew it. They simply assumed the spike protein of #covid19 was harmless outside of cell transmission techniques. Never was.

Holy fuck. I'm speechless. For the people who followed later or don't get it:

The mRNA vaccines work by "recoding" your cells to produce the spike proteins. This does produce an antibody response to them - but also floods your blood with a toxic protein.

THAT is where all the adverse reactions come from!