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Now people are realizing that the scam was planned from the beginning. Serum started trading in 2020 and was in preparation before that. And SBF was part of i

Now people are realizing that the scam was planned from the beginning. Serum started trading in 2020 and was in preparation before that. And SBF was part of it from the beginning. Compliance lawyer was previously involved in massive online poker scams. Guess who's that lawyer' ex-colleague lawyer, also involved in the scam, is working for? tether/iFinex/BitFinex. Go read @bitfinex'ed 's Twitter account. He's been exposing tether / iFinex / Bitfinex / Alameda / FTX and SBF as frauds since the very beginning.

gruez 4y ago
>Go read @bitfinex'ed 's Twitter account. He's been exposing tether / iFinex / Bitfinex / Alameda / FTX and SBF as frauds since the very beginning. Seems like the account trashes mainly Tether/Bitfinex, but also whatever other crypto company shows up in the news (eg. FTX, Binance, or coinbase). If you trash everything, of course you're going to turn out to be the guy who was right "since the very beginning". It doesn't mean that you're actually a good source or anything. For instance, I scrolled all the way to the bottom (to escape all the recent FTX tweets), and found a retweet[1] portraying FTX as some sort of predatory lender and how "SBF HAS ACTUALLY RISKED LITTLE OR NOTHING", which we now know is the opposite of what happened (matt levine says that the probably lost money bailing all those companies out). [1] https://twitter.com/otteroooo/status/1571522943305523206 https://twitter.com/otteroooo/status/1571522943305523206
- grey-area 4y ago
  All the companies you list are frauds, save maybe coinbase.
  - gruez 4y ago
    Isn't that the problem? If you call everything a fraud, is it worth listening to you? Presumably in this case "fraud" refers to some specific instance of intentional deception, and not just some vague idea of "it's fraud because crypto is fraud, because crypto has no value" or whatever.
    - grey-area 4y ago
      Three companies is not ‘everything’. They are frauds because they lack proper accounting controls, store money in assets they themselves control, move money between shell companies for ‘attestations’ and pretend it’s an audit, refuse to get proper audits and because some of the people running them have a history of fraud. Bitfinex and Tether are particularly obvious.
- TacticalCoder 4y ago
  > If you trash everything, of course you're going to turn out to be the guy who was right "since the very beginning". But he was right. Do you really think tether/iFinex/Bitfinex/Deltec are nice persons playing it fair? It's clear he wants Bitfinex to fail and Bitfinex shall eventually fall.
  - gruez 4y ago
    >But he was right. Do you really think tether/iFinex/Bitfinex/Deltec are nice persons playing it fair? Whether he's "right" or "tether/iFinex/Bitfinex/Deltec are nice persons playing it fair" is besides the point. I even plainly admit that he was right in my original comment. My point is that the tweets coming out of the account has zero signal because he calls everything a scam, in the same way a permabear analyst is always predicting a recession in 6 months.

gruez 4y ago

>Go read @bitfinex'ed 's Twitter account. He's been exposing tether / iFinex / Bitfinex / Alameda / FTX and SBF as frauds since the very beginning. Seems like the account trashes mainly Tether/Bitfinex, but also whatever other crypto company shows up in the news (eg. FTX, Binance, or coinbase). If you trash everything, of course you're going to turn out to be the guy who was right "since the very beginning". It doesn't mean that you're actually a good source or anything. For instance, I scrolled all the way to the bottom (to escape all the recent FTX tweets), and found a retweet[1] portraying FTX as some sort of predatory lender and how "SBF HAS ACTUALLY RISKED LITTLE OR NOTHING", which we now know is the opposite of what happened (matt levine says that the probably lost money bailing all those companies out). [1] https://twitter.com/otteroooo/status/1571522943305523206 https://twitter.com/otteroooo/status/1571522943305523206

grey-area 4y ago
All the companies you list are frauds, save maybe coinbase.
- gruez 4y ago
  Isn't that the problem? If you call everything a fraud, is it worth listening to you? Presumably in this case "fraud" refers to some specific instance of intentional deception, and not just some vague idea of "it's fraud because crypto is fraud, because crypto has no value" or whatever.
  - grey-area 4y ago
    Three companies is not ‘everything’. They are frauds because they lack proper accounting controls, store money in assets they themselves control, move money between shell companies for ‘attestations’ and pretend it’s an audit, refuse to get proper audits and because some of the people running them have a history of fraud. Bitfinex and Tether are particularly obvious.
TacticalCoder 4y ago
> If you trash everything, of course you're going to turn out to be the guy who was right "since the very beginning". But he was right. Do you really think tether/iFinex/Bitfinex/Deltec are nice persons playing it fair? It's clear he wants Bitfinex to fail and Bitfinex shall eventually fall.
- gruez 4y ago
  >But he was right. Do you really think tether/iFinex/Bitfinex/Deltec are nice persons playing it fair? Whether he's "right" or "tether/iFinex/Bitfinex/Deltec are nice persons playing it fair" is besides the point. I even plainly admit that he was right in my original comment. My point is that the tweets coming out of the account has zero signal because he calls everything a scam, in the same way a permabear analyst is always predicting a recession in 6 months.