ℕ𝔼𝕆ℕ ℝ𝔼𝕍𝕆𝕃𝕋 (@NeonRevolt)
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Part 2 from Bitboy: Frieberg appears to create single use corporate shells for each dirty transaction. This may give investors hope that these fraudulent conveyances can be clawed back for the full 6 years permitted under US law, but few hold any real hopes of any recovery. Who is behind Friedberg that could protect him? Friedberg was instrumental to using USDC as means of effecting intelligence sources paying off the Venezuelan opposition forces to ‘test run’ the USDC for ‘dirty dealing’ with conditions built into the crypto to ensure those receiving it, do what they are paid to do. However, USDC has moved to the control of Blackrock. The intelligence community, especially intellegence, have no real use for Friedberg anymore. He is now a liability. Frieberg may hope that if there is an accident where the ‘Gang of 4’ might no longer be among the living, his problems are gone. All the most damaging and direct evidence of what happened, particularly tying to him, would die with them. Whilst dead men don’t talk, NuGenesis boasts that Friedberg has continued to underestimate their pioneering technology. That is, the same technology that exposed the counterfeit crypto created on FTX exchanges and the fake volume manipulating the markets. As the Biden administration and officials are being dragged into the crypto fraud scandal, the most convenient outcome is that Friedberg is the one who has the accident. In the meantime, the side-shows and misdirection goes on. Crypto influencers are blaming those of their brethren with $50-$100K plus per month in FTX sponsorship, for endorsing the influx of users on the FTX controlled exchanges. Whether it is the sycophantic Max Maher who shilled SBF as the modern-day JP Morgan to save the Crypto industry, or Andrei Jikh, Tom Nash and many others. In defence, they point to the deluge of advertising money that worked with the Miami Miami Heat (FTX Arena), enveloped huge investments from Sequoia capital amongst a large number of VCs and the celebrity power of Tom Brady, Tom Leary, Larry David and the list goes on. F1 Team Mercedes, TSM Esports and Major League Baseball even signed up a long term partnership with FTX. A blame game that keeps Dan Friedberg out of the spotlight. The greatest misdirection is the case for regulation. We have the world almost begging to be regulated. Simple minds need simple solutions, clutching for hope that technocrats will fix things for them. Is any more law than common law fraud is relevant here? There is no loophole that SBF avoided. It was simply fraud: counterfeit crypto and fake volume. This ‘lack of regulation’ misdirection has its own misdirection: that it is portrayed as crypto currencies need to be regulated. It is not crypto currency that failed here. Decentralisation did not fail. It was the anti-crypto, centralised exchanges and monopolies that failed here. Regulating crypto currencies and their evolution to put more control in the hands of fewer monopolists close to regulators is precisely what SBF was advocating. There is substantial evidence that at least NuGenesis was making submissions to regulators and administrators internationally since March 2022. NuGenesis had supplied evidence of counterfeit crypto used on SBF exchanges, fake volume and consequent fraudulent accounting. Box loads of data and AI-based Chain Analytics proved the case. They provided video recordings from exchange executives admitting to being instructed from Friedberg to destroy evidence and shift crypto (without consent) from client accounts. Exchange staff even resigned over it. However, no one listened. All the way, Dan Friedberg and team stalled, delayed and procrastinated to keep NuGenesis from going to Court and exposing it all. Where were your regulators? Gary Genzler was meeting with SBF. Where were the legislators? They were meeting SBF lobbyists. Draconian regulation will not substitute for ineffective enforcement. This is a simple case of common law fraud which all countries of the world have in common. The editors of Inside Crypto make an invitation to Dan Friedberg. We will pay your airfares to come to Lebanon begging that you sue us. The Lebanese Police will take care of your accommodation costs.