In this episode Cas and I dive into the recent reporting surrounding Coinbase launching a new media arm and fact checking situation. We also talk more broadly about what we think the future of media might look like.
Elon Musk is considered by fools to be among the smartest people alive. He will be discussed as though he has the intellect of Nikola Tesla, combined with the ability to create products of Thomas Edison. This towering intellect is a facade built on the willingness of others to continue to propagate the myth, and nothing makes that clearer than Elon’s relationship with Bitcoin.
Bennett and Cas dive into what happened at QuadrigaCX – once the largest Canadian Bitcoin exchange.
If you'd like to read a more detailed piece you can find "Death Fraud" here:
https://medium.com/coinmonks/death-fraud-6920cc93d0a7
In this episode Cas and I dive into QuadrigaCX, the ill-fated exchange who was using Crypto Capital, lost client funds, got their start in ponzi schemes, may have faked their own death, and more.
In this episode Cas and I take a look at the payments processor for Bitfinex, Tether, Kraken, Quadriga, and Bitmex. They’re implicated in money laundering for the cartels, wire fraud, bank fraud, embezzlement, and more.
Cas and BT discuss Crypto Capital Corp, a defunct, fake, Panamanian money services transmitter that helped service almost every important cryptocurrency exchange, owned and operated by Reginald Fowler, Ivan Manuel Molina Lee, and Oz and Ravid Yosef.
In this episode Cas and I take a look at the payments processor for Bitfinex, Tether, Kraken, Quadriga, and Bitmex. They’re implicated in money laundering for the cartels, wire fraud, bank fraud, embezzlement, and more.
It can be difficult to talk about Tether, not because there is disagreement on the essential facts, but due to the lens through which these facts are viewed.
This is a really cool item and ruleset if you have players at your table who want to play with a wheelchair.
ICYMI
Protos Media revealed that one of the top Brexit donors Christopher Harborne is a Bitfinex shareholder. It is currently unclear if he is related to Will Harborne, former leader of EthFinex.
This old podcast is worth a listen. Larry Cermak (Director of Research at the Block) and I discuss whether or not Tether is a good actor. He says he would be shocked to find out that Tether was less than 98-99% backed.
Note: An earlier version of this article contained a version of this diagram with a minor typo.
Acknowledgements: I would not have been able to complete this as thoroughly as I did without building off existing work. It needs to be pointed out that years ago u/SpeedflyChris (archive) pointed out these same connections. I also relied heavily on WalletExplorer.com a tool created by Aleš Janda.
Tether has released a brand new attestation (archive) (my copy) showing that they are fully backed! Well, it shows that for at least one entire minute Tether was fully backed.
