Everyone is probably sick of the  FTX contagion…FT-This, FT-That,

Sam Bank-this, Sam Bank-that…but this will be  my final article diving into it, as I think I’ve put a majority of the pieces together of what  happened & why. This Goes DEEP & involves many large players…besides the ones already  known…so are you ready for the reveal of the unknown?

The first thing we need to explain  is who are or were members of the “cartel” of crypto. Who are  the entities that coordinate together to “market make” for the crypto  ecosystem…aka collude to manipulate it…

Well law enforcement & congress have the chats  from a signal group, who has the name “exchange coordination” and yes it included exchange  heads like CZ of Binance, Sam Bankman of FTX, Jesse Powell of Kraken, Justin Sun of Huobi…but  also another player…Paulo Ardoino of Tether…

These were the 5 big players of the crypto  cartel inside of crypto who controlled the markets. These chats are VERY damaging,  they prove exchanges and the largest crypto stablecoin, coordinated  together to have this control…

But we are also learning about the  players “outside” of crypto who were a part of this cartel…the banks that  fueled their operations with fiat…

Binance was able to  get banking relationships with US Based Signature & Silvergate Bank, even though they  are banned from operating in the United States.

They were doing this by using a Seychelles based  shell company, Key Vision Development Limited.

Who also was a friend of Signature & Silvergate?  Sam Bankman & FTX. In October of 2021,

FTX integrated Signature banks Signet for fiat  deposits and withdrawals from the exchange, and by April of 2022 this expanded when they implemented  FEDWIRE into Signet. From the press release “FTX CEO and Founder Sam Bankman-Fried commented on the  Bank’s new Fedwire transfer feature: “Partnering with Signature Bank, an established financial  institution and fintech pioneer, will allow us to continue to grow our business by leveraging  all the advantages and key aspects of Signet.”

Vice President & Group director of Signature, Sarmen Sarayan has tweeted photos of  himself and another signature exec, arms around SBF saying he’s one of the most  influential and smart people in the crypto space..

So signature is tied to doing business with  both FTX, and Binance…but of course they are connected to kraken and Huobi, doing  business with both as it’s on both their websites…which makes them tied to the 4 known  exchanges in the exchange coordination group.

Is Signature tied to the last known member Tether?  There is no way right? Tether can’t get banking relationships in the US…well remember…Tether  doesn’t need them when they can inject people within the bank, and facilitate the relationships  for members of the cartel who “bank” for them…

As we can see from Linkedin, Jeffery  Wallis is Vice President and Manager of Digital Solutions at Signature…but lower  down in his employment history, we can see Jeff was director & chief development  officer for another bank…Noble Bank…

Well from public evidence from the  New York AG Tether investigation, we can see HeFe of the crypto cartel,  Giancarlo Devansini, emailed someone about Jeff and Noble bank back in 2018. The  email from Giancarlo said “Let me introduce you to Jeffrey from Noble. We have been working  with Noble for several months & we believe they are the best solution on the market when  it comes to high volume fiat movements”

What about Signature? We know Binance was  tied to them using them through a shell.

But what about the other members? Well yes,  FTX banked with Silvergate…there was major exposure to the exchange, kraken has  it on their website, @AureliusValue on Twitter captured screenshots from Huobi where  Silvergate was an option and even Justin Sun, Houbi shadow owner has partnered with  them & signature…let us listen in..

So is silvergate tied to the last piece of the cartel…..Tether? Of course  they are…back in November, Block.One and “founder” bought a large stake in  Silvergate making them the largest shareholder.

As we can see from the Wikipedia on Brock Pierce  it says “Pierce was a co-founder of Block.one, which released EOS.IO software.”  & above that it says “Pierce was a co-founder of the cryptocurrency  Tether with Reeve Collins and Craig Sellars in 2014.”

But also if we go  to Brock’s Linked’n we can see was also the co-founder of Noble Bank, the same  Noble we just mentioned tied to Signature!!

They all connect and weave  together somehow…someway…

Although, now it’s time to WRAP it all up with  a bow! Explain what happened…what went wrong .

Sam Bankman was introduced into the  Tether Cartel, by none other than CZ Binance in December of 2019 when they  “strategically” invested into FTX in 2019.

Tether used to post a rich list, of the top tether  holding wallets, they don’t anymore for obvious reasons…but back in December of 2019, the day  FTX & Binance became bros, Binance was Tether’s

#1 customer by a long shot…interesting

#2 biggest  customer was exchange coordination member Huobi…

Well Sam grew FTX into Tether's largest individual  customer only a couple years after that…the protos tether papers revealed Sam’s Alameda took the  chunk of the USDT based on Tether distribution from January 2017 to October 2021…although if  you count Cumberland and Binance market makers together, as Cumberland is a Binance market maker.  The Nance is equal to or bigger than Alameda.

But Sam Bankman was in deep with the  cartel…although 6 months ago…he blew up that relationship.

Yeah they were trying to break free from the cartel…push another domino  over so everything implodes….

Why would Sam do this? What  was his MO?? Well no one can know for sure….yet…but I have some theories.

Sam &  Sam’s family’s ties to politics, heavily concentrated with the Dems! He is a  mole slash patsy sent in to do what he did.

Try and blow up the markets, lose billions  of dollars even for the rich and famous, and attempt to set crypto back 20 years  by giving regulators everything they need.

I hold this theory, because Sam has  basically said he is going to do that.

He tweeted “At some point I might have more  to say about a particular sparring partner, so to speak. But you know, glass houses. So for  now, all I'll say is: well played; you won.”

He was talking about CZ Binance, and more to say- he was talking about  to regulators and law enforcement.

Although I have another theory, Sam Bankman  was feared for his life by his former group, the Tether Cartel. Being in  the hands of law enforcement, in a jail cell…was safer than  being out in the open world.

Sam was trying to take  down Tether….blow up the markets 6 months ago…but if we go back to the exchange  coordination chats, we can see the Cartel,

CZ was accusing him of trying to de-peg USDT…

Trying to De-Peg the crypto tied to  drug cartels? Yeah if you didn’t know, Bitfinex the parent company of Tether used Crypto  Capital, a payment processor.

From this article it says “who in 2018 Notably, these seized funds  belonged to Crypto SP. Z O.O. — a local firm allegedly affiliated with Crypto Capital  — and Molina Lee’s arrest “was about money laundering [for] Colombian drug cartels through  the cryptocurrency exchange,” the report said.

Maybe SBF just didn’t want a Columbian  necktie? Cheers I’ll see you next time!!

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