@bft.wtf on bluesky @BennettTomlin Twitter profile

Pinned Tweet

@bft.wtf on bluesky

@BennettTomlin

5 years

This is a thread of threads collecting many of my notes on people and companies related to Bitfinex and Tether

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Last Seen Profiles

@asiasentinel

@derikcalhoun37

@timelyfireflyy

@VioBarks

@parakala

@leakzb

@7thRooster

@angela_boo75150

@artonson

@realjuliesyan

@SaintKeyon

@MagdaHeichman

@__feli_x

@ArtHipHopt

@Lxiko_blast

@ChaosWtch

@IanBeckles

@innesmck

@Pheauxbia

@YWNhector

@FighterDwayne

@imnotjustblack

@birdsofindia

@Ryugukyoji

@strange_insane

@wearelegalgeek

@_BeautyByLMarie

@RapidCityPD

@DanielAndaya_

@WenwenCrypto

@crazedhousewife

@C_W_Smith_811

@Sender

@WelsbyElton

@bwipoca

@Melon_4234

@bft.wtf on bluesky

@BennettTomlin

1 year

Ian Miles Cheong, the Malaysian blogger who said “Hitler is my fucking idol”, is apparently confused by the idea of a Hispanic Nazi

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@bft.wtf on bluesky

@BennettTomlin

2 years

The smartest venture capitalists in Silicon Valley: “oh my god he’s never read a book and he’s playing video games while meeting with us, he’s going to be a trillionaire clearly”

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@bft.wtf on bluesky

@BennettTomlin

1 year

David Sacks is what you get when you order Peter Thiel on wish dot com

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@bft.wtf on bluesky

@BennettTomlin

1 year

Elon Musk has replied to someone who said "Hitler is my fucking idol" more than 80 times

@bft.wtf on bluesky

@BennettTomlin

1 year

Ian Miles Cheong, the Malaysian blogger who said “Hitler is my fucking idol”, is apparently confused by the idea of a Hispanic Nazi

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@bft.wtf on bluesky

@BennettTomlin

2 years

All of y’all attacking @zachxbt are bad and wrong. He did a great thing and a hard thing in exposing this individual

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@bft.wtf on bluesky

@BennettTomlin

3 years

How it started: How it’s going:

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@bft.wtf on bluesky

@BennettTomlin

2 years

Sometimes I’ll say very simple and well documented facts about Tether and then people go “you have to be making that up” and then I have to go “I am not that creative”

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@bft.wtf on bluesky

@BennettTomlin

1 year

Yuga Labs raised $450m from A16Z thanks to the enthusiasm of the fandom they created. I checked Yuga’s livestream this morning and was the only person there.

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@bft.wtf on bluesky

@BennettTomlin

6 months

@MaxKennerly Also: if heterosexual men don’t have options for sex and marriage, then neither do heterosexual women. Yet, you’re right, there’s always this implied frame that it’s the men who are uniquely suffering

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@bft.wtf on bluesky

@BennettTomlin

2 years

If I was the worlds largest cryptocurrency exchange, I would just not make my logo a swatiska on Hitler’s birthday

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@bft.wtf on bluesky

@BennettTomlin

6 years

One of my favorite things about Twitter is that many of the smartest people are severely underfollowed and thus you can develop relationships with incredibly intelligent people

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@bft.wtf on bluesky

@BennettTomlin

1 year

All your boyfriends and girlfriends leave you. Your business is in tatters. Your reputation is gone. You have a few hours before you’re arrested. Time to play one last game of League and get yelled at by crypto Twitter on spaces

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@bft.wtf on bluesky

@BennettTomlin

2 years

How it started: How it’s going:

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@bft.wtf on bluesky

@BennettTomlin

1 year

I cannot stop thinking about how stupid and wasteful this is

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@bft.wtf on bluesky

@BennettTomlin

1 year

Rug-pullers beware

Non-Fungible Token (NFT) Developer Charged in Multi-Million Dollar International Fraud Scheme

“As alleged, the defendant used a traditional criminal scheme to defraud consumers eager to participate in a new digital asset market,” stated United States Attorney Peace. “Protection from fraud and...

www.justice.gov

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@bft.wtf on bluesky

@BennettTomlin

7 months

Oh my god, the hedge that Sam thought would save Alameda, the one he was angry that Caroline did not do, was not a direct crypto hedge, but selling short S&P 500 Futures on the assumption they were correlated with crypto and would hedge their crypto-long position

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@bft.wtf on bluesky

@BennettTomlin

2 years

Fun fact: anyone rooting for the price of Bitcoin to increase is also rooting for the energy use of Bitcoin to go up

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@bft.wtf on bluesky

@BennettTomlin

2 years

When something like Terra blows up remember the real victims are the venture capitalists, they have no other skills to fall back, investing in unsustainable schemes and dumping them on retail is literally the only thing they know how to do

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@bft.wtf on bluesky

@BennettTomlin

3 years

Tether claims they cannot disclose the name of their Chief Investment Officer

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@bft.wtf on bluesky

@BennettTomlin

2 years

Do not let anyone tell you that this was a black swan event. Those by definition cannot be predicted, many predicted this

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@bft.wtf on bluesky

@BennettTomlin

1 year

It’s incredible how much of the current right wing culture war strategy comes from GamerGate

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@bft.wtf on bluesky

@BennettTomlin

2 years

Every single day Tether updates their transparency page. Every day assets over liabilities is the same. Magic.

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@bft.wtf on bluesky

@BennettTomlin

1 year

The feds have CZ's phone, things are getting SPICY

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@bft.wtf on bluesky

@BennettTomlin

2 years

I hope some of you remember who warned you and who lied to you

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@bft.wtf on bluesky

@BennettTomlin

1 year

Waiting for Elon to tweet at me that “this keeps getting weirder”

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@bft.wtf on bluesky

@BennettTomlin

3 years

How it started: How it’s going:

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@bft.wtf on bluesky

@BennettTomlin

1 year

Oh no, the jpeg repository is bankrupt

jac0xb.sol

@jacobdotsol

1 year

Oh look FTX hosted all the NFTs minted on their platform using a web2 API and now all those NFTs have broken metadata and the links go to a restructuring website.

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@bft.wtf on bluesky

@BennettTomlin

10 months

@parismarx "This chicken was specifically bred and fed to grow unnaturally fast and yet I am confused about why the muscle fibers have this texture"

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@bft.wtf on bluesky

@BennettTomlin

3 years

Why the fuck is the speaker of the house trading options?

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@bft.wtf on bluesky

@BennettTomlin

2 years

I love that Elon Musk waived due diligence and is now using something he complained about for years as a pretext to try to get out

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@bft.wtf on bluesky

@BennettTomlin

2 years

John J. Ray III, the new FTX CEO, previously served as Enron chairman during their liquidation

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@bft.wtf on bluesky

@BennettTomlin

2 years

How’s everyone’s favorite inflation hedge doing this morning?

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@bft.wtf on bluesky

@BennettTomlin

2 years

I hate that y’all somehow created a risk for cascading liquidations of JPEG backed loans

Unchained

@Unchained_pod

2 years

⚠️ 45 of the 272 Bored Apes with BendDAO loans tied to them are now in the platform's “danger zone."

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@bft.wtf on bluesky

@BennettTomlin

2 years

Sir, Binance was one of the first investors in Terra and did multiple follow on investments

CZ 🔶 BNB

@cz_binance

2 years

I don't hold UST, never had. And I don't know it too well. Usually busy with other things, but now dragged into this.

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@bft.wtf on bluesky

@BennettTomlin

2 years

Like their bank is run by the guy who made Inspector Gadget

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@bft.wtf on bluesky

@BennettTomlin

2 years

Adam Neumann going to meet with A16Z

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@bft.wtf on bluesky

@BennettTomlin

3 years

25 pounds down, at least 60 to go! Man, I am way too fat

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@bft.wtf on bluesky

@BennettTomlin

2 years

. @CryptoCriticPod is now the #1 Tech News podcast in the United States

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@bft.wtf on bluesky

@BennettTomlin

2 years

My favorite reaction I’ve gotten to the FTX news: this will set crypto back twenty years

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@bft.wtf on bluesky

@BennettTomlin

2 years

When you definitely know what you’re talking about

Bitcoin Magazine

@BitcoinMagazine

2 years

“ #Bitcoin is the only monetary asset ever, in the history of life itself.” — Strike CEO 👏

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@bft.wtf on bluesky

@BennettTomlin

1 year

Holy fucking shit, Riot is fucking stupid on main apparently

Riot Platforms, Inc.

@RiotPlatforms

1 year

@nytimes Bitcoin mining has zero carbon emissions.

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@bft.wtf on bluesky

@BennettTomlin

2 years

Their CEO sold a product that he claimed would turn the nicotine in cigarettes into vitamins

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@bft.wtf on bluesky

@BennettTomlin

2 years

“We didn’t realize Luna could go to zero” is a good way of saying you had no idea what you were investing in and no one should trust you with money again

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@bft.wtf on bluesky

@BennettTomlin

1 year

Joseph Bankman, SBF’s father, apparently knew FTX was insolvent and called people including Scaramucci to warn them about this fact

@bft.wtf on bluesky

@BennettTomlin

1 year

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@bft.wtf on bluesky

@BennettTomlin

2 years

They continue: “first we’ll invest in him, so his valuation goes up, then he can borrow against it and invest in us; this is foolproof. We’re all going to be trillionaires”

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@bft.wtf on bluesky

@BennettTomlin

3 years

For Every $1 of Tether There Are $0.03 In Cash

For Every $1 of Tether There Are $0.03 In Cash

Tether has shared an asset breakdown with several crypto news outlets. (Archive) It has revealed to us that for every Tether in circulation on March 31st, 2021 they had approximately 3 cents.

bennettftomlin.com

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@bft.wtf on bluesky

@BennettTomlin

2 years

It is hilarious that Michael Saylor transformed his business intelligence firm into a weird investment vehicle for an asset he does not understand

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@bft.wtf on bluesky

@BennettTomlin

2 years

Sometimes you put money into the box, and you wait for other people to put money in, and then you go to remove your money and some of their’s and then you realize the box was clearly labeled incinerator

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@bft.wtf on bluesky

@BennettTomlin

1 year

The $36,000,000,000 question is how did Alameda get the cash for their tethers, and where did they go?

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@bft.wtf on bluesky

@BennettTomlin

10 months

@CasPiancey “These poor geniuses, trapped in their businesses with no business model, no one willing to give them even several million dollars.”

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@bft.wtf on bluesky

@BennettTomlin

2 years

Conspiracy theories about Tether that turned out to be true: 1. They were unbacked 2. They were doing unsecured lending 3. They were using unlicensed money transmitters for banking 4. Bitfinex would use funds from Tether as needed 5. Bitfinex and Tether had the same owners

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@bft.wtf on bluesky

@BennettTomlin

2 years

Their CFO was a plastic surgeon for like one entire week and then was no longer

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@bft.wtf on bluesky

@BennettTomlin

2 years

They were co-founded by a Mighty Duck

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@bft.wtf on bluesky

@BennettTomlin

10 months

@CryptoDonkey411 @kenklippenstein Which part of Wisconsin’s rules on partial veto on appropriation bills was violated?

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@bft.wtf on bluesky

@BennettTomlin

1 year

The Tether and Bitfinex CEO sold a product he claimed could transform the nicotine in cigarettes into vitamins, allowing you to smoke 300 per day

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@bft.wtf on bluesky

@BennettTomlin

1 year

Anti-semitism warning obviously:

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@bft.wtf on bluesky

@BennettTomlin

2 years

There was one analyst in charge of due diligence, but they made him wear a dunce hat while everyone else chanted: “trillionaire savior of humanity”

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@bft.wtf on bluesky

@BennettTomlin

1 year

I remember when he told people if they bought a $35,000 Model 3 they would make $30,000/year from running it as a robotaxi as soon as 2020 rolled around

E.W. Niedermeyer

@Tweetermeyer

1 year

Musk says Tesla is the only company that could sell cars at "basically zero" margin, because "solving autonomy" offers so much future profits. Every time he repeats this, my skin crawls

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@bft.wtf on bluesky

@BennettTomlin

1 year

Ford was a Nazi, who like many Nazis in America during this period propagated nonsense about currency to aid and abet fascism. I would be fucking embarrassed to post this, but hey I’m not a politician trying to appeal to idiots

Jane Adams

@iLoveJaneAdams

2 years

Henry Ford understood: fix the money, fix the world. #bitcoin

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@bft.wtf on bluesky

@BennettTomlin

2 years

What a fucking embarrassing thing for @BusinessInsider to publish. BitBoy is a paid shill, amplifying his advice and marketing it as 'premium' is just flat out bad

Frank Chaparro

@fintechfrank

2 years

🥴

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@bft.wtf on bluesky

@BennettTomlin

2 years

I call this piece: "The conclusion of every algorithmic stablecoin"

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@bft.wtf on bluesky

@BennettTomlin

2 years

All day I've been hearing that Celsius has a $1.19bn dollar hole, and then I pull the numbers and that value is assuming their CEL token is worth 600 MILLION and that their mining assets are worth 720 MILLION

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@bft.wtf on bluesky

@BennettTomlin

1 year

When does this become fraud? It’s been 76 days and no one has gotten even a single penny

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@bft.wtf on bluesky

@BennettTomlin

2 years

Kinda wild that Alameda had more than $35 billion in actual liquid US currency to give Tether over the last several years

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@bft.wtf on bluesky

@BennettTomlin

3 years

I cannot stand @chamath and @elonmusk . Billionaires who aid the pump in a pump and dump and then blame the “shorts” when people get hurt

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@bft.wtf on bluesky

@BennettTomlin

11 months

Oh yeah, totally normal entrepreneurial idea, nothing suspicious about that money flow.

The New York Times

@nytimes

11 months

The collapse of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry and drained the savings of millions of amateur investors. Yet, its founders spent the next year meditating and traveling the world — avoiding serious repercussions.

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@bft.wtf on bluesky

@BennettTomlin

2 years

Remember 2016 when every Tesla sold was ready for the imminent release of “Full Self Driving”

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@bft.wtf on bluesky

@BennettTomlin

1 year

You give 14 years to a network and they still might make your final sign off: “Please stream ‘Let Them Eat Bugs’ on Fox Nation”

Lis Power

@LisPower1

1 year

LMAO this is Tucker's last show -- stuffing his face with pizza and saying "we'll be back on Monday" H/t @tylermonroe7

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@bft.wtf on bluesky

@BennettTomlin

1 year

Remember when people said none of the FTX execs were going to get arrested or charged and three have been charged and two have already plead in less than two months since the industry broke

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@bft.wtf on bluesky

@BennettTomlin

1 year

@SilvermanJacob “No, I will not discuss my dinner with Epstein and Woody Allen except to say that I think Woody Allen is a great artist” is one hell of a fucking statement

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@bft.wtf on bluesky

@BennettTomlin

1 year

So FTX unredacted institutional creditor list is out, let's see if there's anything wild in it, shall we?

List of Creditors – #574 in FTX Trading Ltd. (Bankr. D. Del., 22-11068) – CourtListener.com

List of Creditors (Verification of Creditor Matrix) Filed by FTX Trading Ltd.. (Brown, Kimberly) (Entered: 01/25/2023)

www.courtlistener.com

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@bft.wtf on bluesky

@BennettTomlin

1 year

@dim8765 No one. As for you is Dim a name or just a general descriptor?

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@bft.wtf on bluesky

@BennettTomlin

1 year

This is such a hilarious interaction and none of them know it

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@bft.wtf on bluesky

@BennettTomlin

2 years

A bunch of people who told me I was wrong may owe me an apology very soon

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@bft.wtf on bluesky

@BennettTomlin

1 year

god fucking damn it

Eric Wall | BIP-420😺

@ercwl

1 year

OK SO IT ACTUALLY WORKED LMAO THAT’S WHAT HE’S DOING

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@bft.wtf on bluesky

@BennettTomlin

1 year

@molly0xFFF Yeah but what about in six or sixty more months

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@bft.wtf on bluesky

@BennettTomlin

3 years

Bunch of Portnoy fans think insulting my forehead is the way to hurt me. Y’all I keep an album on my phone of screenshots of my forehead. It’s the source of my power!

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@bft.wtf on bluesky

@BennettTomlin

3 years

I cannot wait until the day @bitfinexed (and the rest of us) are fully vindicated. Dude has had massive harassment campaigns waged against him all because he accurately pointed out that Tether was issuing without backing and both Bitfinex and Tether were lying

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@bft.wtf on bluesky

@BennettTomlin

1 year

So Elon is currently the CEO of: - Tesla - SpaceX - Boring - Neuralink - Twitter Am I missing anything or is he really splitting his attention between five companies?

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@bft.wtf on bluesky

@BennettTomlin

6 months

This is so cringe it hurts my eyes to watch

Crypto Turk 🧡 Ordzaar

@CryptoTurkweb3

6 months

@BoredApeYC apefest was a vibe. Apes gone wild

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@bft.wtf on bluesky

@BennettTomlin

2 years

Podcasters need to be stopped

bad_stats 🕜💵🖨️🕣

@thebadstats

2 years

help, i am six (6) hours into Lex's interview with Balaji and Lex is talking about how long form podcasting could have helped the world understand hitler's heart

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@bft.wtf on bluesky

@BennettTomlin

1 year

@NFTBeliever @0xMisterWolf lol

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@bft.wtf on bluesky

@BennettTomlin

2 years

Investing in something which was obviously going to falter and then selling that investment to others sounds like a pretty fucking immoral thing

SBF

@SBF_FTX

2 years

8) Luna was a case of mass enthusiasm, excitement, and--frankly--marketing and memes--driving people to believe in something which was going to falter according to publicly available information. That marketing was probably bad. But it wasn't the *same* type of bad as Theranos.

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@bft.wtf on bluesky

@BennettTomlin

1 year

I believe most lawyers advise against confessing to journalists over DMs

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@bft.wtf on bluesky

@BennettTomlin

2 years

This is a hilarious proposal. They want to steal money from a whale to liquidate it, because they’re worried if it auto-liquidates it will destroy their entire system. Censorship resistance!

Solend

@solendprotocol

2 years

SLND1, the first governance proposal for Solend DAO has been proposed.

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@bft.wtf on bluesky

@BennettTomlin

1 year

@BillAckman @TheStalwart @SBF I thought this was a parody account with a bought for check going out in a blaze of glory. Instead it’s just profound misunderstanding of what is already a well-documented and well-reported misappropriation of customer funds

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@bft.wtf on bluesky

@BennettTomlin

2 years

Bitfinex was founded by a vocal Ponzi defender

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@bft.wtf on bluesky

@BennettTomlin

1 year

When you definitely don’t have extradition on the mind

CZ 🔶 BNB

@cz_binance

1 year

Bahrain🇧🇭 is a hidden gem. Super safe, very clean, well developed, good food, superb service, nice people, and crypto friendly!

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@bft.wtf on bluesky

@BennettTomlin

2 years

Simple proof that Bitcoin does not scale trustlessly to a global size: 1. Using scaling solutions like lightning trustlessly requires regular base layer transactions 2. There’s nowhere near enough space for everyone to do that

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@bft.wtf on bluesky

@BennettTomlin

1 year

In 2019 when Elon Musk promised the Robotaxi network would launch in 2020 he provided this slide which he described as a "relatively conservative" projection of what someone would make by adding their Model 3 to the Robotaxi network

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@bft.wtf on bluesky

@BennettTomlin

2 years

If we knew what backed Tether, then Tether could not continue existing is the official position of Tether

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@bft.wtf on bluesky

@BennettTomlin

1 year

Elon Musk made extravagant financial promises about robotaxis in 2019. I simulated how much you would make over two decades if you went into debt to purchase a single robotaxi and reinvested earnings. You end up with a fleet of 471,000 Teslas and have earned over $18 billion

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@bft.wtf on bluesky

@BennettTomlin

2 years

Can someone explain to me how an exchange has liquidity problems? My understanding is that exchanges are meant to match buyers and sellers, and so I am confused how they ever end up not having enough liquidity

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@bft.wtf on bluesky

@BennettTomlin

1 year

I hope David Sacks specifically loses his fortune

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@bft.wtf on bluesky

@BennettTomlin

6 years

$eos raised ~$4,000,000,000. If they used $1 million every month, then that will last 4,000 months or 333 years.

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@bft.wtf on bluesky

@BennettTomlin

3 years

I love the ‘ngmi’ replies on Twitter. I own a home, just got married, have a good job in an interesting industry, and every week I get a little bit closer to my lifelong dream of publishing a book. If that’s not making it then what is?

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@bft.wtf on bluesky

@BennettTomlin

2 years

Wouldn’t it be hilarious if the exchanges were doing what the largest stablecoin has a documented history of doing and moving in funds just for attestations and then moving them out?

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@bft.wtf on bluesky

@BennettTomlin

1 year

The people laughing at Tether truthers because Tether has not collapsed have forgotten that we were right that: - Tether was unbacked - Bitfinex was insolvent - Tether was loaning tethers - They were using an illegitimate payments processor

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@bft.wtf on bluesky

@BennettTomlin

1 year

Who’s gonna tell Elon that “unhinged leftists” don’t show up to Chappelle shows?

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