Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺

Howard Lutnick's neighbors keep wondering whether he was behind a deal to sell out their building to a Saudi firm. I got secret texts and a corporate intel report slipped into my mailbox as part of my reporting for @VanityFair. Turns out, the neighbors were right to wonder. t.co/3ksEMTEMv5

I Just Wrote the Brief That Will Take Down the SEC’s Crypto Deregulation Rule. It's Free. Cut. Paste. File. Win. The U.S. Securities and Exchange Commission's proposed "Regulation Crypto Assets" (File No. S7-2026-27) would strip SEC registration protections from a t.co/lM3gg7k8hP

Today from the @USTreasury: "The Iranian regime increasingly turns to cryptocurrency as a tool of choice for sanctions evasion, supporting transactions linked to the Islamic Revolutionary Guard Corps (IRGC) and Iranian regime insiders." Awkward!

Chamath walked away with ~$750M in profits across his SPAC empire, while public investors lost an estimated ~$45B to $50B in peak market value across his 18 total deals. Out of 10 sponsored SPACs and 8 PIPEs, 4 dissolved, multiple went bankrupt (Proterra, Sunlight), and 5 of his

Estimates of who owns how much of Tether are at odds with each other. Most firms worth many billions are publicly traded, which generally comes with disclosures of a firm’s major owners. That makes Tether among the most opaque companies of its size. t.co/mqJPDA9Dfo

America’s First Chief Ponzi Officer Strikes Again: The New Atkins Rule Deregulates the Most Fraud-Saturated Asset Class in Financial History The SEC just proposed a sweeping new rule surrendering oversight of crypto. Thanks Chairman Atkins for helping ransomware gangs shut down

Tether has publicly listed a company that partially controls $USDS protos.com/tether-has-publicly…

Absolutely nothing to see here. thecaspiancey.medium.com/tethe…

Some of you missed this, but I’m extremely proud of it and I think it’s extremely insightful. Give it a read if you care about Tether marketing their audit like it’s a golden bullet in regard to their transparency. t.co/o6MebfEnox

$MSTR is no longer "amplified bitcoin exposure" Under the old $MSTR model of selling equity at a premium (2021–2025), traders could reliably count on BTC per share always rising (or at least staying flat) every single week. It never declined. With those dynamics in mind, there

hm x.com/r8limit/status/208955107…

Uh guys…. x.com/Bitfinexed/status/208954…

Hahahahahahaha x.com/Bitfinexed/status/208951…

Reddit post from 11 years ago claims they were banned from r/bitcoin for questioning Coinkite and nvk was using multiple alt accounts to manipulate r/bitcoin and had a partnership with theymos 👇🏽 t.co/TwsWUBw3st

Ngl coinbase not reporting trading volume anymore because it's not a key metric is kinda wild x.com/AsadIshmael/status/20894…

Sad to share I have been let go from The Block. It’s been a great two years working with some of the best journalists in crypto media. I’m proud of the stories I wrote, the edits I made and the people I got to know. I wish the team all the best as the company tries to rightsize.

Its USDT crypto token underpins a trillion-dollar market, but cryptocurrency giant Tether won’t answer questions about its ownership. t.co/mqJPDA9Dfo

INSIGHT: "Soon, millionaires won't be able to afford 1 MK4 Toyota Supras." says @bitfinexed, noting there are 23.6M U.S. millionaires but only 45,000 estimated MK4 Toyota Supras produced. There’s also no more production of MK4 Toyota Supras. If every millionaire wanted to own a MK4 Toyota Supra, assuming not a single one has been crashed…. Each MK4 Toyota Supra could be potentially worth millions of dollars! 💵

INSIGHT: "Soon, millionaires won't be able to afford 1 Roman Coin." says @bitfinexed, noting there are 23.6M U.S. millionaires but only 25M estimated Roman coins surviving. There’s also no more minting of Roman Coins because the Roman Empire hasn’t existed for a minute. If every millionaire wanted two Roman Coins, each one would be worth over a million dollars. 💵

Soon millionaires won’t be able to afford their own Pandas. There’s 23.6M millionaires, but only 2700 Pandas. There’s not enough Pandas for every millionaire. Therefore Pandas are worth millions of dollars.

Trump's crypto platform has partnered with a Chinese crypto company called "Gate," founded by Lin Han. It was "hacked" for hundreds of millions in the past. t.co/SomOwrk3jw

@paoloardoino What stablecoin, regulated under MiCAR or GENIUS, holds gold as a a reserve asset (none). What stablecoin, regulated under MiCAR or GENIUS, does not segregate customer reserve assets from their own (none). Is USDT a security, and what protections do its customers have?

KPMG, who just audited Tether, also audited Silicon Valley Bank for almost three decades and issued a clean, "unqualified" audit opinion on SVB Financial Group’s 2022 financial statements on February 24, 2023. Just 14 days later, on March 10, 2023, the bank collapsed and was t.co/RA3KoHc0m3

So, Tether just got their full audit by KPMG US, and I have some questions, like, why is the company who audited Silicon Valley Bank for years prior to implosion, auditing the largest stablecoin company on Earth? For future reference, let’s start out by acknowledging in 2025, t.co/kxo4kQTgGn

As you can see, I have a Lambo in my garage. However, I’m not going to tell you I’m sitting on a $400,000 car note with 3 missed payments.