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VOICE ARCHIVE

Sam Callahan

@samcallah
14 posts
2025-11-27
Tether bought more gold last quarter than every central bank. [image]
2025-11-27 View on X
Financial Times

Jefferies: Tether, which said it held 116 tons of gold in September, is “the largest holder of gold outside central banks”, buying 26 tons in Q3 and 24 in Q2

Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement?

2023-12-27
Barry Silbert has resigned from the Grayscale board, and the GBTC discount currently sits at -6.2%. Since the discount emerged in February 2021, it has only been as narrow as it is today for about 4 weeks. The market appears optimistic about GBTC's odds of ETF conversion. [image]
2023-12-27 View on X
Bloomberg

Filing: Grayscale Investments, which runs the world's largest BTC trust, says Barry Silbert resigned as chair, succeeded by Mark Shifke, and doesn't explain why

2023-10-20
NYAG argues Gemini misrepresented its Earn product as liquid and safe and that Genesis, DCG, Silbert, and Moro “disguised $1.1 billion in losses through a months-long campaign of misstatements, omissions, and concealment.” Here, NYAG says that Genesis wasn't honest with Gemini. [image]
2023-10-20 View on X
Fortune

New York AG Letitia James sues lender Genesis, its parent company DCG, and the Winklevoss' exchange Gemini for allegedly defrauding 230K+ investors of $1B+

and secured mostly by FTT [image] Bryan Brinkman / @bryanbrinkman : @NewYorkStateAG I'm a New York resident who uses Gemini, banning them will only force us to use offshore crypto ...

2023-10-19
Watching the ECB shove its CBDC down the throats of a public that has clearly and repeatedly said that they do NOT want it has been a sight to behold. Everyone should be paying attention to the how the digital euro is slowly being rolled out against the will of the people.
2023-10-19 View on X
Reuters

The European Central Bank plans to start a two-year “preparation phase” for the digital euro on November 1, to finalize rules, select partners, and do testing

The European Central Bank took a further step on Wednesday towards launching a digital version of the euro …

2023-10-03
Michael Lewis doesn't seem to understand that FTX was an exchange, not a bank, meaning it was supposed to have its users' assets backed 1:1 at all times. It shouldn't matter that there was a “run on customer deposits.” There was not a legitimate business here. It was pure fraud.
2023-10-03 View on X
New York Times

Michael Lewis depicts Sam Bankman-Fried as delusional in his new book, Going Infinite, but says SBF's explanations remain “irritatingly difficult to disprove”

“Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.

2023-08-15
This part of the story still blows my mind. SBF stole $100 million from customers to make political donations. This makes SBF the second-largest individual donor behind George Soros, or FTX the second-largest organization donor behind Soros Fund Management. When clawbacks?🤔 [image]
2023-08-15 View on X
Reuters

In an amended indictment, the US DOJ alleges SBF used money he stole from FTX customers to make $100M+ in political campaign donations before the 2022 midterms

Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million …

2023-07-08
Binance CSO Patrick Hillmann has abandoned ship. This is him back in May in response to a Reuters report that alleged Binance commingled users funds (later included in the SEC's lawsuit). At the time, he called the report “desperate,” “weak,” and “full of conspiracy theories.” https://twitter.com/... [image]
2023-07-08 View on X
The Block

Report: Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie quit over CZ's response to the DOJ's probe

- Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources. Source: Fortune .

2023-07-07
Binance CSO Patrick Hillmann has abandoned ship. This is him back in May in response to a Reuters report that alleged Binance commingled users funds (later included in the SEC's lawsuit). At the time, he called the report “desperate,” “weak,” and “full of conspiracy theories.” https://twitter.com/... [image]
2023-07-07 View on X
The Block

Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ's response to the DOJ's probe

- Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources. Source: Fortune .

2023-02-18
SEC got around to charging Do Kwon and Terraform for defrauding investors. The complaint states that the Terraform ecosystem was neither decentralized nor finance. It was simply a fraud propped up by an algorithmic stablecoin. https://www.sec.gov/...
2023-02-18 View on X
Bloomberg

The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value

Takeaways from SEC complaint Cosmos Ecosystem Chat Newsletter : SEC Charges Do Kwon, Mars on Crescent, Turkey Earthquake Aid Proposal - CEC Issue #25 The Block : U.S. investigation...

SEC got around to charging Do Kwon and Terraform for defrauding investors. The complaint states that the Terraform ecosystem was neither decentralized nor finance. It was simply a fraud propped up by an algorithmic stablecoin. https://www.sec.gov/...
2023-02-18 View on X
The Block

Sources: Jump is the unnamed “US trading firm” that the SEC said helped support the TerraUSD stablecoin in May 2021; the SEC has not accused Jump of wrongdoing

Published 1 hour and 25 minutes earlier on  — Jump is the unidentified “U.S. trading firm” …

2023-02-17
SEC got around to charging Do Kwon and Terraform for defrauding investors. The complaint states that the Terraform ecosystem was neither decentralized nor finance. It was simply a fraud propped up by an algorithmic stablecoin. https://www.sec.gov/...
2023-02-17 View on X
Bloomberg

The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value

The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …

2023-02-16
Binance is working with regulators to see how much fines they will need to pay for their past misconduct. The outcome will be “likely a fine, could be more...We just don't know. That is for regulators to decide.” - Patrick Hillmann, Binance CSO https://www.wsj.com/...
2023-02-16 View on X
Wall Street Journal

Binance Chief Strategy Officer Patrick Hillmann says the company expects to pay monetary penalties to settle US regulatory and law enforcement investigations

DOJ, CFTC have been probing world's largest cryptocurrency exchange  —  Binance, the world's largest cryptocurrency exchange …

2022-05-03
From Solana's website: “Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.” This is false advertising. Full stop. https://twitter.com/...
2022-05-03 View on X
CoinDesk

Solana's network was down again on Saturday, for seven hours, when bots hit NFT minting tool Candy Machine, leading to ~4M transaction requests per second

Somehow, on the day I started writing a crypto newsletter, I got hacked. Jay Zhuang / CryptoPotato : Millions of NFT Transactions Clogged Solana, Causing Another Network Outage Mac...

2022-05-02
From Solana's website: “Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world.” This is false advertising. Full stop. https://twitter.com/...
2022-05-02 View on X
CoinDesk

Solana's network suffered another outage on Saturday, lasting seven hours, when NFT minting tool Candy Machine was hit with bots, leading to ~4M requests/second

It wasn't immediately clear how the bot traffic overcame network safeguards.  —  Solana stakeholders rushed to right …