Long/Short investor focused on catalyst driven value. All views are my own.
Nov 24, 2022 • 22 tweets • 11 min read
So this is....interesting. @BrendanBlumer and Block.One bought 9.3% of $SI. @BrendanBlumer is a billionaire from the $EOS ICO token sale, which did not go so well for investors and has come under scrutiny, including a settlement with the SEC wired.com/story/eos-bull…
Block.One, Brendan's company, put out a press release for the investment b1.com/press/b1-acqui… stating they believe Silvergate "offers a unique investment opportunity". It turns out, there is also a related party interest
Nov 18, 2022 • 20 tweets • 7 min read
🧵below on why Silvergate $SI may be in a whole heap of KYC/AML trouble with the FTX collapse
Quick background - $SI is a US bank whose customers are basicallly all crypto participants - exchanges (i.e. FTX), institutional investors (crypto hedge funds), and stablecoin issuers (Circle/USDC).