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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 Del

> "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 manipulation. The links are becoming clearer: the top lawyers at respectively both Bitfinex and FTX used to be colleagues who... Worked at a firm convicted of fraud for they stole $50 million out of players in an online poker scam (the operator could see the players' cards and would play against them). FTX was, conveniently, a few streets away from Deltec in the Bahamas. Everything checks out: countless "little" companies to try to funnel the money out of the US (including small banks which, as is now a fact, shared/exchanged between tether and FTX), the Bahamas, the lawyers... It's a little gang who all know each other very well. Now I don't think they thought FTX would fall but they had the setup made so that should it fall, it'd act as a fuse shielding tether/Deltec.

rosnd 4y ago
>FTX was, conveniently, a few streets away from Deltec in the Bahamas. Nassau is not very big, it's hardly surprising that two big companies working in finance would be close to each other.
williamcotton 4y ago
How do you know any of this?
- graeme 4y ago
  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-investigation-analysis/ https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
  - williamcotton 4y ago
    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 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.
    - throwaway128128 4y ago
      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-info-ftx https://decrypt.co/114708/alameda-research-18-tokens-insider...
      - williamcotton 4y ago
        You literally created an account just to respond to my questions? 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.
    - graeme 4y ago
      They represented themselves as a crypto exchange where you traded cryptos with other users. In actuality they took all the cryptos away and lost them. So all of the "trades" happening for at the least many months were not real trades, as there were no actual assets trading hands. 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? https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) https://en.wikipedia.org/wiki/Bucket_shop_(stock_market)

rosnd 4y ago

>FTX was, conveniently, a few streets away from Deltec in the Bahamas. Nassau is not very big, it's hardly surprising that two big companies working in finance would be close to each other.

williamcotton 4y ago

How do you know any of this?

graeme 4y ago
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-investigation-analysis/ https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
- williamcotton 4y ago
  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 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.
  - throwaway128128 4y ago
    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-info-ftx https://decrypt.co/114708/alameda-research-18-tokens-insider...
    - williamcotton 4y ago
      You literally created an account just to respond to my questions? 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.
  - graeme 4y ago
    They represented themselves as a crypto exchange where you traded cryptos with other users. In actuality they took all the cryptos away and lost them. So all of the "trades" happening for at the least many months were not real trades, as there were no actual assets trading hands. 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? https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) https://en.wikipedia.org/wiki/Bucket_shop_(stock_market)