Fund managers, customers, "friends of Bitfinex and Binance" employees sharing their bank accounts for the benefit of the crypto exchange?
And they're getting seized, because bank fraud and money laundering. 2/ This is easier to understand if you think of Binance and FTX not as "customers" of Tether, but *as* Tether.
They're not wiring money to Deltec; they just issue however many USDT they need. It costs Tether nothing to print the fake bucks. The tail is wagging the dog.
Jun 6, 2021 • 5 tweets • 3 min read
1/ More Tether accounting hijinx.
New Bahamas banking system data is out, and it looks like those shysters just pulled a fast one on the NYAG and the public again, like they did with the Friedman memo and every other "attestation" they ever did.
Let's crunch some numbers... 2/ As of Mar 31, 2021:
Increase in Bahamas' non-resident foreign currency deposits for the month of March: $1.311 billion.
Coincidence? I think not.
May 27, 2021 • 16 tweets • 6 min read
1/ Deltec's Greatest Hits thread.
After all, without the help of Deltec and their US correspondent bank(s) aiding and abetting the Tether fraud, #Bitcoin would've never reached $60k. @ZevFima @jimcramer2/
2/ This is easier to understand if you think of Binance and FTX not as "customers" of Tether, but *as* Tether.
2/ As of Mar 31, 2021:
@prajitn @InstaReMit @Currencycloud 