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VOICE ARCHIVE

@mhonkasalo

@mhonkasalo
30 posts
2024-11-14
Legacy institutions will come after you simply for broadcasting the real information.
2024-11-14 View on X
Bloomberg

Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users

- Polymarket says FBI agents seized CEO's phone, electronics  — Platform has taken recent measures to weed out US traders

2024-10-09
HBO didn't even identify the most likely candidate in the camera frame.
2024-10-09 View on X
Wired

HBO's documentary Money Electric: The Bitcoin Mystery says Peter Todd, known for his Bitcoin codebase contributions, is Satoshi Nakamoto, a claim Todd denies

A new HBO documentary takes a swing at uncovering the real identity of Satoshi Nakamoto, inventor of Bitcoin.

2023-07-18
Gensler stated “the law is clear” and added that “[LLM providers] must come into compliance, register with us”. Wasn't willing to provide details on which models specifically may be securities, only adding “nothing about the AI markets is incompatible with securities laws.”
2023-07-18 View on X
Bloomberg

The US SEC plans to consider, as soon as this fall, conflict of interest rules for financial advisers and brokerages using AI to steer clients toward products

Chair Gensler Hints at More Crypto Industry Enforcement Emilia David / The Verge : SEC is worried chatbots could fuel a market panic Mike Dalton / CryptoSlate : Gary Gensler ‘disap...

2023-03-13
Audits also cost $50k+ each. It's an insane cost for running very few tests (that don't in practice cover shit). This part of the market is essentially a scam. https://twitter.com/...
2023-03-13 View on X
The Block

Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+

- Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.

What are the audit firms doing? Euler had 6 of these things. Truth is that audits don't do teams much good & are mostly “stamps of approval” required by the market. Anyone with experience can say that audit processes suck & often miss simple things. https://twitter.com/...
2023-03-13 View on X
The Block

Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+

- Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.

2023-02-13
All this talk about decentralized stablecoins, please see the trilemma by @RuneKek: 1) Actually stable stablecoin. 2) Non-RWA (no USD-like) collateral. 3) Possible to scale the supply. Choose 2 out of 3.
2023-02-13 View on X
Wall Street Journal

Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties

Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …

2023-01-03
“You took this money — the money of schoolteachers — to fuel greedy share buybacks, illiquid venture investments, & kamikaze Grayscale NAV trades that ballooned the fee-generating AUM of your Trust... all for your own personal gain.” Banger. https://twitter.com/...
2023-01-03 View on X
Bloomberg

In an open letter, Cameron Winklevoss accuses Digital Currency Group CEO Barry Silbert of engaging in “bad faith stall tactics” after Genesis halted withdrawals

Founder and CEO of Digital Currency Group Vignesh Karunanidhi / Watcher Guru : Cameron Winklevoss Accuses Barry Silbert of “Bad Faith Stall Tactics” Walter O'Leary / LinkedIn : Wal...

2023-01-02
“You took this money — the money of schoolteachers — to fuel greedy share buybacks, illiquid venture investments, & kamikaze Grayscale NAV trades that ballooned the fee-generating AUM of your Trust... all for your own personal gain.” Banger. https://twitter.com/...
2023-01-02 View on X
Bloomberg

In an open letter, Cameron Winklevoss says Digital Currency Group CEO Barry Silbert has engaged in “bad faith stall tactics” since halting Genesis withdrawals

Crypto entrepreneur Cameron Winklevoss is accusing fellow businessman Barry Silbert of “bad faith stall tactics” …

2022-12-19
Can anyone name a more parasitic product than @Grayscale in the history of finance? I'm not talking about fraud but just how a product is structured & the impact of that investors/market.
2022-12-19 View on X
Wall Street Journal

Investor letter: Grayscale CEO Michael Sonnenshein details options if the Grayscale Bitcoin Trust's ETF plans fail, including a tender for outstanding shares

Michael Sonnenshein attempts to assuage fears of Grayscale Bitcoin Trust investors after collapse of FTX

2022-11-30
I don't think prices will be up only from here — but let's just say it *helps* when FTX & BlockFi are no longer market dumping our every BTC/ETH deposit to prop up their fraudulent schemes.
2022-11-30 View on X
CNBC

In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more

but let's just say it *helps* when FTX & BlockFi are no longer market dumping our every BTC/ETH deposit to prop up their fraudulent schemes. Layah Heilpern / @layahheilpern : Just ...

2022-11-25
Reminders: 1. Madoff was in cuffs the next day when his sons turned him in. 2. SBF stole customer deposits from his exchange to commit various financial crimes. 3. Losses from SBF's fraud will exceed total losses in the Madoff case (<$4bn today). 4. @nytimes is a clown show. https://twitter.com/...
2022-11-25 View on X
Bloomberg

Sam Bankman-Fried plans to speak at The New York Times' annual DealBook Summit on November 30; Andrew Ross Sorkin says “nothing is off limits”

wait for it — headline a NYT conference with the people who run Wall Street, Silicon Valley, and the global dollar system 🤡 🤡 🤡 🤡 🤡 https://twitter.com/... Antonio García Martínez ...

2022-11-24
Reminders: 1. Madoff was in cuffs the next day when his sons turned him in. 2. SBF stole customer deposits from his exchange to commit various financial crimes. 3. Losses from SBF's fraud will exceed total losses in the Madoff case (<$4bn today). 4. @nytimes is a clown show. https://twitter.com/...
2022-11-24 View on X
CoinDesk

SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy

and Themselves” Now he has become a doormat apparently. https://twitter.com/... Cas Piancey / @caspiancey : Remember when the FDIC forced Brett Harrison, former CEO of FTX US, to d...

Reminders: 1. Madoff was in cuffs the next day when his sons turned him in. 2. SBF stole customer deposits from his exchange to commit various financial crimes. 3. Losses from SBF's fraud will exceed total losses in the Madoff case (<$4bn today). 4. @nytimes is a clown show. https://twitter.com/...
2022-11-24 View on X
New York Times

FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal

Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.

2022-11-17
This might be the 1st bit of honesty we've seen by SBF. All the ethics & altruism talk was bullshit. It was brand-building for the mainstream media to swallow. A dumb game for woke westerners. https://twitter.com/...
2022-11-17 View on X
CoinDesk

Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”

The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.

1/ Highlights from @KelseyTuoc's illuminating article at Vox with SBF trying to explain himself. https://www.vox.com/...
2022-11-17 View on X
CoinDesk

Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”

The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.

This might be the 1st bit of honesty we've seen by SBF. All the ethics & altruism talk was bullshit. It was brand-building for the mainstream media to swallow. A dumb game for woke westerners. https://twitter.com/...
2022-11-17 View on X
Vox

A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.

1/ Highlights from @KelseyTuoc's illuminating article at Vox with SBF trying to explain himself. https://www.vox.com/...
2022-11-17 View on X
Vox

A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.

2022-11-15
Surprised he had time to beg for money when most of his time was spent sucking at LoL. https://twitter.com/...
2022-11-15 View on X
Wall Street Journal

Sources: Sam Bankman-Fried has unsuccessfully continued to attempt to raise $8B to plug FTX's shortfall, despite filing for bankruptcy and resigning as CEO

Alongside a few remaining employees, Mr. Bankman-Fried spent the weekend calling around in search of new commitments from investors

2022-11-14
FTX's security systems failed hours after declaring bankruptcy after operating for years without an issue. Yes, it's a “hacker” who did this.
2022-11-14 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

Nikhilesh De / CoinDesk :

We forgot about his Horcruxes. https://twitter.com/...
2022-11-14 View on X
CoinDesk

The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement

Nikhilesh De / CoinDesk :