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This is the same reporter who warned investors about Alameda/FTX right before they collapsed. [0] [1] They also brought attention to Celsius two months ahead o
by panphora 4y ago
This is the same reporter who warned investors about Alameda/FTX right before they collapsed. [0] [1]
They also brought attention to Celsius two months ahead of their collapse. [2]
A lot of crypto ponzi schemes have been covered up with "Oh, that was just us doing arbitrage."
Celsius founder in 2020:
"We lend financial assets to players that can transact and generate income for themselves through arbitrage, market making or shorting certain stocks or digital assets."
Almost every brilliant arbitrage has blown up in the faces of high-risk entities or never happened to begin with (SBF's Japanese arbitrage trade looking pretty suspicious right now, with a $9B hole in his balance sheet).
The confidence of your remarks also strikes me as strange, seeing as we've now experienced one domino after another of "we're perfectly solvent and not doing anything bad" to "we're closing withdrawals and all the money's gone" (LUNA/UST, Celsius, 3AC, Voyager Digital, BlockFi, Genesis, FTX... all just in the last year.)
How can you have so much confidence these trades aren't suspicious?
[0] https://dirtybubblemedia.substack.com/p/ftxed-the-tangled-ties-of-celsius https://dirtybubblemedia.substack.com/p/ftxed-the-tangled-ti...
[1] https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent https://dirtybubblemedia.substack.com/p/is-alameda-research-...
[2] https://dirtybubblemedia.substack.com/p/celsius-networks-unsustainable-defi https://dirtybubblemedia.substack.com/p/celsius-networks-uns...
- vgatherps 4y agoYou’ve literally not responded to a single comment I had