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macrocephalopod's profile
macrocephalopod
macrocephalopod
macrocephalopod
@macrocephalopod

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macrocephalopod

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

Joined December 2020

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    1. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2

      Solana/Wormhole need to come up with 120,000 ETH to restore the 'pegging'. There's a good chance they're not going to say where the 120,000 ETH is coming from. 1. Undisclosed loan from crypto exchanges with customers Ethereum. 2. Crash the price of ETH to reduce costs.

      12 replies 55 retweets 326 likes
      Show this thread
    2. macrocephalopod‏ @macrocephalopod Feb 2
      Replying to @Bitfinexed

      Why do you think that they won’t just fill the gap with some of their 2021 profits? Need to guesstimate but this probably represents about 1-3 months profit for Jump Crypto or FTX.

      5 replies 0 retweets 12 likes
    3. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2
      Replying to @macrocephalopod

      There’s no actual profits that’s why they have to raise money every month or so, especially after market crashes.

      1 reply 0 retweets 1 like
    4. macrocephalopod‏ @macrocephalopod Feb 2
      Replying to @Bitfinexed

      You think Jump Crypto doesn’t have any profits?

      1 reply 0 retweets 3 likes
    5. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2
      Replying to @macrocephalopod

      Until they withdraw their money to the real world, nope. Tether gains don’t count.

      1 reply 0 retweets 1 like
    6. macrocephalopod‏ @macrocephalopod Feb 2
      Replying to @Bitfinexed

      How do you think they’re paying their ~100 employees?

      1 reply 0 retweets 1 like
    7. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2
      Replying to @macrocephalopod

      With the money they raise every month?

      1 reply 0 retweets 1 like
      macrocephalopod‏ @macrocephalopod Feb 2
      Replying to @Bitfinexed

      Jump doesn’t do equity raises, it raises money for venture funds. Are you suggesting that they’re using LP money to pay staff…?

      11:22 PM - 2 Feb 2022
      • 1 Like
      • emily
      3 replies 0 retweets 1 like
        1. New conversation
        1. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2
          Replying to @macrocephalopod

          I’m talking about FTX/SBF.

          1 reply 0 retweets 0 likes
        2. macrocephalopod‏ @macrocephalopod Feb 2
          Replying to @Bitfinexed

          macrocephalopod Retweeted macrocephalopod

          Ok, I thought we were talking about Jump. So do you think Jump profits are also fake? (fwiw I think FTX revenues are real but expansion costs and marketing probably exceed revenues rn)https://twitter.com/macrocephalopod/status/1489134801206620161 …

          macrocephalopod added,

          macrocephalopod @macrocephalopod
          Replying to @Bitfinexed
          You think Jump Crypto doesn’t have any profits?
          2 replies 0 retweets 4 likes
        3. Show replies
        1. Bitfinex’ed  🔥 Κασσάνδρα  🏺 🇺🇦‏ @Bitfinexed Feb 2
          Replying to @macrocephalopod

          https://www.pwc.com/sg/en/services/consulting/financial-crime-unit/money-laundering-in-capital-markets.html …

          0 replies 0 retweets 0 likes
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