Nikita (@jetix37) • Hey
fuck it, finally a fantasy
Publications
- **back as the mfcking rock god**
- **We are inclined to believe that the main method of dropping out wallets will be he whose activity (including the identification of clusters of wallets), and passports will be used as a multiplier when distributing the drop.**
- Not many LayerZero, zkSync and Base users have passports. Such a large gap in the number began to push project teams to use passports in their activities.
- Verification passports were created to screen out dishonest users participating in activities from multiple wallets. Each of the passports has its own method of obtaining, and most often passports from Bitcoin and Galaxy are used in activities.
- Advice for traders
Advice for traders
#trading #advice
- https://www.youtube.com/watch?v=RMonv2QWsfM
- **27.08**
3. StarkNet. Somewhere I have deposited $ETH for activity, somewhere I continue to twist. I deposited different amounts to new wallets, at different times and through different bridges (Starkgate, Orbiter, LayerSwap). For the initial (and, in fact, the only) activities, a guide from the Calendar is suitable.
It just so happened that I have exclusively negative thoughts about Starknet: I kept a node for 8 months in the hope of a reward, but I didn't wait. After the publication, where the team + investors own 49.9% of the tokens, I realized that they are some kind of muddy types. There are two wallets in the ecosystem, the seed phrases from which cannot be imported into each other. Most likely, these are architectural features, but it still doesn't smell like $300 million of investment.
- **27.08.2023**
2. Philand. We will brand objects on all cartoons (Mirror articles from the last post came in handy), built lands. I will not intentionally knock out objects, only if I accidentally hook them.
- **27.08.2023**
1. Friends Tech. Kind man Jerry shared the code for this app. Before that, I saw on Twitter for a whole week how the guys were handing out these codes and thought that this was another one-day ponzi. Doubts about this project did not disappear even after the announcement of investments from Paradigm. In a good way, it is necessary to fill the trading volumes in this project, but the hands will reach this later.
#friendtech #followback
- Against the background of the departure of the directors of the CIS direction, the fact that a woman left Binance, for whom part of the companies in the Binance structure were registered and who acted as a defendant in the SEC case, went unnoticed.
Specialized FUD media accused her of all mortal sins, including working for the Chinese government.
- When retrodrop projects will learn to distribute tokens to wallets, and not force them to claim
- RPC servers that connects wallets to nodes have access to the IP address
- An unlimited (sort of) number of private keys is generated from one seed phrase, each private key is linked to a specific address
- zkSync Era is the best network ever!
#zksync
- TVL Blur dropped below $90 million, which is about 50% below the June 26 high.
- **gn!**
- Incredible
- I just minted Base Day One, celebrating the start of @BuildOnBase bringing billions of people onchain.
It’s Onchain Summer.
https://onchainsummer.xyz/base
- A funny note on the website of the Wintermute market maker.
#Wintermute
- In fact, now the LayerZero marketing department has probed the market and realized that it's too early to launch.
#LayerZero
- Paradigm is also interested in Intent-Centric projects, which dappOS is, so we are waiting for a round of $20+ million and a lead in the person of Paradigm.
#dappOS
- If we do not take into account the fact that Discord participants could mainly claim the award, and not permissionless layer 1 blockchain users, instead of a guaranteed allocation, there was a draw, the CIS was blocked (it turned out that it was not) — then yes, in general, Sui is gem
#Sui #Airdrop
- Now literally the same people who have been working in the crypto since the beginning of the bear, and the natural decline is not decreasing. Regulators are closing the stables, someone is actively changing $USD to $ USD, the exchanges are falling, the degenerates are spinning projects and draining the drop to the same degenerates. There are very few so-called "hamsters" on the market, they have all retrained into retro hunters.
We need an aggressive marketing campaign related to drops, as it was with NFT at the time
- Well, another important detail is that there is no one to buy $CYBER and nothing to buy it for. 22 months of the bear, during this time there were attempts to bring fresh blood into the crypt (stepN, for example), but they did not stay long.
- And a big drop will definitely be in our lifetime someday, the winners are always bruised on the pedestal.
- Plus, there is a general euphoria in the chats and overclocking of FOMO about past drops from influs (how the fuck will pour), and the output is a disappointment. Who has filled more than one hundred cones in the crypt, he is no stranger to being disappointed in projects.
- The retrohunter community is extremely hungry, we pray for projects with multimillion-dollar investments, imposing on each of them the experience of successful drops (Blur, Arbitrum, Optimism).
- **Vibe track https://www.youtube.com/watch?v=OQV-wk3tW3k**
- **Conclusion**
Let's make a small conclusion:
• Tether employees are scammers and hiding from the public
• Tether lied about the fact that BitFinex and Tether are the same people
• Tether partners are scammers who turn black money
• Tether had major errors in the first audit, and the banks in it are encrypted
• Tether has never published a full audit, as if they have something to hide
• Tether admitted under oath that they had no normal collateral
Analyzing all the facts above, you can't help but wonder how it passed through the eyes of the general public, how Tether remains afloat and why they haven't been closed yet.
Tether has an endless and uncontrolled source of money with which to turn any business, including legally buying Bitcoin. The cryptocurrency community was tied to iFinex...
• humbly watch as scammers occupy the ecosystem and the explosion will be delayed
or
• launch a campaign to expel scammers from the industry, but all the liquidity will go with them, and angry and hungry feds with a digital dollar will come in their place
... the choice is not easy. But one thing is clear for sure: when an explosion occurs, few people will be able to survive.
Or maybe there won't be an explosion. What if Tether is a CIA project for the legal redemption of $BTC from the market for further manipulation of the exchange rate? What if Tether really has all the reserves?
There are too many "ifs" for the third largest cryptocurrency by capitalization and the largest stablecoin.
*In these several posts of the story, only the basic facts about iFinex. Brock Pierce, Celsius, FTX and other entities remained behind the scenes. As soon as (someday) all this is structured in my head, then maybe the fourth part will come out.*
*In the meantime, the green sun is shining on the cryptocurrency fields, we continue to work.*
- **Tether Software**
Now to the most delicious — to the filling of $USDT. Let's go back to the Second part and remember that in 2018, Tether had a hole in its pocket.
The same hole was confirmed in 2019 in court, Tether's lawyer: "Tether currently has cash and cash equivalents (i.e. short-term securities) totaling about $2.1 billion, which is approximately 74 percent of the current outstanding $USDT."
Now let's open the $USDT chart for 2019 and let's look at the price drop to $0.74. But for some reason it is not visible on the chart, the price movement from $0.97 to null.02 is visible. Surprisingly funny.
It is not necessary to specify how Tether closed the security hole: they took this money out of BitFinex's pocket, this can also be found in one of the court decisions.
Also about "equivalents (i.e. short-term securities). Let's go back to the first part and the Bloomberg article "Has anyone seen billions of Tether?".
In this investigation, the journalist claims that he has a document on Tether's reserves, in which there are "short-term loans to large Chinese companies worth billions of dollars."
Tether's lawyer denied accusations from Bloomberg, arguing that all securities have the highest level of reliability. But in the summer of 2023, Bloomberg published an article that Tether held shares of Chinese companies, including China Construction Bank Corp., Agricultural Bank of China Ltd, etc.
Also in the fall of 2021, one could find such a picture on the American Internet, according to which 78% of the $USDT collateral is Evergrande shares.
Bloomberg journalists, some pictures from image boards — all this is very small for a company that has $80 billion under management. Tether can shut up all haters with one audit and show the full list of shares they have ever held. What does the accounting department do?
- **Tether Audits**
Before we talk about securing $USDT, it's worth talking about how Tether conducts audits.
2017, Tether conducts the first audit of reserves. This audit looks like this (three encrypted banks, maximum level of trust). The document also clarifies that Friedman LLP (the auditor company) did not evaluate the ability of Tether Limited to gain access to these funds.
By the way, one of the encrypted banks (where $61 million lies) is the Bank of Montreal. Where can we get this information from?
We can learn this from the court decision between the New York Prosecutor's Office and Tether. Literally: "Until September 15, 2017, the only US dollars that Tether had, supporting approximately $442 million USDT in circulation, were approximately $61 million on deposit with the Bank of Montreal."
From the same solution, we can learn that at the time of the first audit, $USDT did not have its own collateral. Literally: "Between June 1, 2017 and September 15, 2017, Bitfinex held approximately $382 million of Tether funds in a combined account that was supposed to belong to Tether as collateral for $USDT."
That is, literally: $USDT did not have its own reserves, but used the money of BitFinex users. Imagine if Tinkoff Investments issued their ruble ($TRUB), using the deposits of Tinkoff Bank users as collateral.
From the same decision, you can learn about iFinex's ties with Crypto Capital Corp., an epoch-making document.
Let's analyze the second audit. February 2018. Zhao Dong (remember this shareholder of Binance and BitFinex?) comes to CFO Tether and looks into his laptop. There he sees $3 billion in reserves. "This refutes all the rumors about $USDT," our Chinese friend sums up.
All this is presented to the public as proof of Tether reserves. There is still no full-fledged audit (with all banks, assets, names, operations and guarantees) (and it will not come out). Do you believe the shareholder of BitFinex, an exchange that has nothing to do with Tether?
Okay, 17-18, it was a long time ago. How are things now?
Now on the Transparency page (https://tether.to/en/transparency/#reports ) Tether publishes quarterly reports on its reserves. Let's answer two questions: who is the auditor and what do the audits look like?
Auditor — BDO Italia, I can't say anything about her, except that she conducted audits for The Rock Trading exchange, which collapsed in the winter of 2023. Dad vibe bounce to the finish.
Audits are a game of trust. BDO shows only numbers, no bank names, no Bitcoin addresses, nothing.
- **Tether's friends are scammers**
In order to accept user funds and store fiat, BitFinex needs reliable banks. They found them. Meet the shadow bank Crypto Capital Corp.
Prior to that, Tether was used by Wells Fargo bank, but not directly, but through four Taiwanese banks. Wells Fargo figured it out and broke off the relationship with iFinex.
Reginald Fowler is the owner of Global Trading Solutions, which in turn owns CCC. He is known for the fact that during the search of the feds, they found him (no one showed the photo) fake $100 banknotes and fake bond certificates.
If you believe the American feds, then Fowler had direct access to all the bank's money, and he also appropriated at least $60 million of clients' money (which client, I think, is clear).
Ivan Manuel Molina Lee — President of the CCC, was arrested in Poland "on charges of belonging to an international drug cartel and involvement in its money laundering operations using Bitfinex."
What happened next with reliable BitFinex partners is unknown, but the prosecution demands to give they are from 7 to 15 years.
Also in iFinex circles was Zhao Dong, a Chinese OTC broker and owner of a BitFinex stake. A few facts: he was one of the investors of Binance, he conducted an "audit" of Tether and he was imprisoned for laundering $500 million.
So, some of the BitFinex money was arrested by the feds, the other part was stolen by their friends. Because of this, a hole of $850 million (25% of the collateral at that time) was formed in the Tether security.
An interesting situation, don't you think?
- **Tether and BitFinex communication via iFinex**
Until recently, BitFinex employees denied any connection with Tether, and a certain "co-founder of Tether" answered questions about the connection that BitFinex is only a Tether client.
But the Paradise Documents that surfaced in 2017 showed that Mr. Potter is a director of Tether, and Mr. Devasini is the owner of the share.
Also on the van der Velde page you can notice that the mention of Tether management goes through two spaces, as if they added it after opening the documents.
If it seems commonplace now, then at that time (judging by the reaction of the community and news headlines) it was nonsense.
Also, according to this extract for 2018 from the Signature bank, it turns out that a certain organization iFinex (which belongs to Phil Potter) is the parent of the BitFinex exchange.
The circle has closed, Phil Potter owns BitFinex and manages Tether Holdings Limited.
- **Tether Team**
What do you think the CEO of the largest cryptocurrency company should look like? Popular, sociable, active in social networks, going to Twitter sessions, etc. Alas, but all this is not about our CEO.
**Jean-Louis van der Velde** — CEO of Tether (and BitFinex, but more on that later). He has an empty Twitter account, he does not communicate with anyone and does not give interviews. The last interview I found dates back to 2018, there he acts as the head of BitFinex, not Tether.
The CFO, especially at Tether, is an extremely important role, he is responsible for cash flows and accounting. A crystal-clear professional should be sitting in this place. Right?
**Giancarlo Devasini** — CFO Tether (and BitFinex). You won't find his official Twitter account for one interesting reason: Bloomberg released an investigation "Has anyone seen billions of Tether?", after which Devasini deleted the account. It just happened, I guess.
CFO's track record — plastic surgeon, pirate businessman, lawsuit from the U.S. Department of Justice in 2021.
**Stuart Hogner** — Chief lawyer of Tether. He is taking the rap for his guys in American courts, there is nothing terrible, except for one fact: during the first "audit", Hogner kept part of the $USDT collateral in his personal account (about the first audit, too, later).
**Philip Potter** is a former CSO of Tether and BitFinex. Former and former, but in our history he is interesting because he personally manages (or managed?) by these companies through the company iFinex.
- During the dismantling of buildings, explosives are laid at the base, and not laid out on the floors so that the fragments do not fly in all directions, but fall down in a controlled manner.
But cryptocurrency is a sphere of innovation and non—standard solutions, so the powder keg was placed at the very top of the coin capitalization table. We have pledged, no less, 85 billion dollars.
Tether is one of the largest cryptocurrency companies. The company manages assets worth more than $80 billion. Thanks to Tether, people can store on-chain not only dollars, but also euros, yuan, Mexican peso and even gold.
It would seem that a great organization engaged in a good cause. Only there are a couple of uncomfortable questions to them, questioning the reliability of the entire company. I hope you have ever had them, too:
• Why are half of the employees hiding?
• Why has Tether never been audited?
• Why are Tether partners scammers?
• Why did Tether lie about the availability of collateral?
• Why did Tether lie about its ties to BitFinex?
and a few more questions that will be discussed in this article. Let's start with the face of the project — the Tether team.
#tether
- **sneaky cat** 😺
- V2
- I just voted "Confirm (Funding Treasury - 10%)" on "GMX v2 Fee Split" https://snapshot.org/#/gmx.eth/proposal/0xd08ad5d5ce7439f5e9fbc59b1d5c94b98deb01e802a0d718e7cac743a4a06627 #Snapshot
- https://www.youtube.com/watch?v=Sjh2NFpfK6Q
- **Funny Meme №14**
#meme #hedgehog #fun
- I just voted "Yes" on "Stargate Deployment On Kava" https://snapshot.org/#/stgdao.eth/proposal/0xed5fe9d40c9e82a53c548d4458fdca91d6d26c12cc34303c205906b5e1854e29 #Snapshot
- **Funny Meme №13**
#meme #fun #crypto
- **Funny Meme №12**
#meme #fun #crypto
- **Funny Meme №11**
#meme #fun #upvote