191–200 of 226 posts
But one of our crew found info on Crunchbase about Alameda Research + Moonstone and we nope-d out of that deal. They said "we don’t have any risk or exposure from Alameda Research" -- but, still -- too close for comfort
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> "Geniome" is the trademark of a UK based company also owned by Deltec/Chalopin: IFSG. So, Chalopin has an unusal degree of personal involvement here. And Deltec is a centerpiece behind the tether (USDT)/Bitfinex scam. People who actually described the Alameda/FTX ponzi scam for what it was since day one have always said it: Alameda/FTX is just a front set up by tether/Bitfinex, made to precisely hide more market ma…
How do you know any of this?
Now Alameda is proven to be a fraud. So, this basically eliminates the possiblity that they paid cash for those Tethers.
Also, Tether admitted to lying in its settlement with the New York Attorney General
https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
I looked into this. They used to do business as Geniome Bank, and their job ads are for "crypto and marijuana". Almost no publicity, though they sponsored a few marijuana events. Chalopin usually shies away from press, so his personal involvement is odd. His son is also the chief digital officer of the company. Another curiosity is the old Farmington team is still there, including the presdient, and they still appear…
Oh, joy. Looking at the Internet Archive's copy of "moonstonebank.com" from before the crash: CEO: Ron Oliveira. There's a new CEO now. Lots of crypto-related material. Most useful links end at "Request Early Access" or "Contact Us". It doesn't look like they really wanted customers. > Could have been part of a larger plan which collapsed with FTX. Unclear. The bank may have been used by FTX in some way. But it looks…
Incidentally Gary Rever was the one outside director who came on the board with Chalopin during the takeover. Perlman and Olveira joined the following year.
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How do you know any of this?
Well, the Protos Papers established that FTX/Alameda were Tether's largest customer. And they acquired 36 billion Tethers. Now Alameda is proven to be a fraud. So, this basically eliminates the possiblity that they paid cash for those Tethers. Also, Tether admitted to lying in its settlement with the New York Attorney General https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
Most of the commentary seems to be more conspiratorial (and certainly more fun) than anything.
I mean, Enron was pretty cut and dry. Dog and pony show, cook the books and team up with one of the big public auditors.
This story, within just a few days, had people making all sorts of complex interconnections amongst a whole fleet of co-conspirators.
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Well, the Protos Papers established that FTX/Alameda were Tether's largest customer. And they acquired 36 billion Tethers. Now Alameda is proven to be a fraud. So, this basically eliminates the possiblity that they paid cash for those Tethers. Also, Tether admitted to lying in its settlement with the New York Attorney General https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
Alameda was proven to be a fraud? By whom? Is there a chance they broke fiduciary duties and let themselves get wildly over leveraged, even criminally so, but that they had legitimate aspects of their business? How would anyone know that at this point? Most of the commentary seems to be more conspiratorial (and certainly more fun) than anything. I mean, Enron was pretty cut and dry. Dog and pony show, cook the books…
https://decrypt.co/114708/alameda-research-18-tokens-insider...
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Alameda was proven to be a fraud? By whom? Is there a chance they broke fiduciary duties and let themselves get wildly over leveraged, even criminally so, but that they had legitimate aspects of their business? How would anyone know that at this point? Most of the commentary seems to be more conspiratorial (and certainly more fun) than anything. I mean, Enron was pretty cut and dry. Dog and pony show, cook the books…
Alameda traded using insider advanced knowledge of what coins FTX would list and delist. "The scale at which Alameda has been frontrunning FTX listings is "much, much greater" than what we've seen before in crypto" https://decrypt.co/114708/alameda-research-18-tokens-insider...
Anyways. The article you linked to is titled “Alameda Allegedly Traded These 18 Tokens on Insider Info Through FTX”. The operative word being “allegedly”. Also this is just another thread and has nothing to do with any of the previously mentioned co-conspirators.
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Unavoidable now because of the Citizens United court decision. Of course it's bad, but what are you gonna do?
Maybe I’m dense, but what difference does it make whether it was SBF or FTX making the donations? Why implicate Citizens United?
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Band together with other citizens and demand an end of this! Also since we're at it corporations aren't persons. The founders of the US were very vocal about giving power to the people, the laws were never intended to grant personhood to legal entities for the purpose of enabling unlimited political lobbying by their wealthy owners.
What kind of organization should citizens be allowed to create to promote a political position, if not a corporation?
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Well, the Protos Papers established that FTX/Alameda were Tether's largest customer. And they acquired 36 billion Tethers. Now Alameda is proven to be a fraud. So, this basically eliminates the possiblity that they paid cash for those Tethers. Also, Tether admitted to lying in its settlement with the New York Attorney General https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
Alameda was proven to be a fraud? By whom? Is there a chance they broke fiduciary duties and let themselves get wildly over leveraged, even criminally so, but that they had legitimate aspects of their business? How would anyone know that at this point? Most of the commentary seems to be more conspiratorial (and certainly more fun) than anything. I mean, Enron was pretty cut and dry. Dog and pony show, cook the books…
That's a bucket shop, a version of financial fraud. This....is not that complicated.
So, the question then is: do you trust a bucket shop to have been recklessly dishonest about whether the trades happening were actual trades, but scrupulously honest about sending $36 billion real dollars to Tether?
Which set of supposed regulators approved this purchase? Find them. Investigate them.
From the article: “The fact that an offshore hedge fund that was basically a crypto firm was buying a stake in a tiny bank for multiples of its stated book value should have raised massive red flags for the F.D.I.C., state regulators and the Federal Reserve,” said Camden Fine, a bank industry consultant who used to head the Independent Community Bankers of America. “It’s just astonishing that all of this got approved…
One should wonder at which point we will have to deliberately stop unraveling this thread, before it gets really ugly for everyone... it might not be just crypto-exchanges that are completely rotten.