@thenewoil #FTX's sam bankman-fried had a sort of infamous browser extension that allowed him to put each tab on a different VPN

@thejapantimes #CryptoFraud #dejavu
And they have forgotten about #FTX, #Binance, #MtGox, et al?

@lxo @mudaste

"Povolotski: This isn't $20. This is not $100 million. This is like 200 to— this is #FTX type of shit.
Chow: Fucking hell, man. I feel sick… This is, this is, this is, this is #SBF level, man.
Later in the call, Povolotski reiterates: “This is in the multi-millions with a president, two presidents, one with his wife and the other is a president. Like, this is... I don't know anyone higher.”
#crypto #cryptoscam #Milei #Argentina
https://www.citationneeded.news/issue-77/

@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

@molly0xfff #GenesisBlock is the cash for crypto #FTX subsidiary outside of whose #HongKong office people were lining up with garbage bags full of cash every day for years according to reporting in The Financial Times.

connect the dots: it's the #triads (AKA "the chinese mafias") converting exfiltrated chinese flight capital into the $38 billion worth of #Tether that #SBF minted on #JustinSun's #Tron blockchain.

https://x.com/Cryptadamist/status/1844602365833330875

All of this and more in the last Citation Needed issue of the year.

If you like my writing and want to support my work, please consider signing up for a pay-what-you-want subscription! It really helps me to keep doing this.

https://www.citationneeded.news/signup

Troublingly, the conditions that enabled FTX’s fraud remain unchanged today. With the same red flags waving across today’s cryptocurrency industry, it’s hard to avoid the conclusion that similar frauds have only yet to be discovered.

There's a case against Anthony Scaramucci, who just announced he bought a new Lamborghini as he and his business partner are being accused of possibly "looting the [SkyBridge fund] assets for themselves", after Bankman-Fried bailed out their failing crypto fund.

There are cases against fourteen political action committees and dark money groups, some of which were recipients of FTX's illegal straw donations as FTX tried to hide some of its political maneuvering.

There's a case against crypto exchanges run by Justin Sun (among the shadiest of Donald Trump's new crypto business partners), which is trying to dodge returning assets that FTX entities were secretly trading on his platforms.

They include a case against Genesis Block, a self-described "grey area" crypto business secretly acquired by FTX, which is now trying to claim over $65 million of FTX money belongs to them in what the bankruptcy estate describes as a "baffling act of hubris".

The roughly thirty FTX adversary cases, filed against business partners, customers, effective altruist organizations, and political action committees, pull back the curtain on how cryptocurrency companies do business.