Here's their CFO describing their agreement (which we know from other litigation was never contractualized because, presumably because money launderers hate paper trails):pic.twitter.com/1j5oXmQGnH
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Here's their CFO describing their agreement (which we know from other litigation was never contractualized because, presumably because money launderers hate paper trails):pic.twitter.com/1j5oXmQGnH
Bitfinex's CFO was shocked, shocked to learn that the money launderer they engaged to provide money laundering services while I-swear-to-God-this-is-an-actual-quote "we learned to bank like criminals" may have from time to time lied to banks.pic.twitter.com/Cc1c73doWr
"Institutional constraints" means, here, "We were attempting to avoid velocity checks placed by our banking partners to detect fraud and money laundering, which would have detected our fraud and money laundering."pic.twitter.com/yWQDZZiP0c
Money at the speed of code, yadda yadda yadda, the Bitcoin economy is surprisingly blasé when several hundred million dollars is in an interstitial state for months. In a situation never before encountered by a financial institution: the check was not, in fact, in the mail.pic.twitter.com/R3dZ23KVEc
Our money launderer may be engaged in layering, which we have extensive experience w... saw once on an episode of Breaking Bad and this unfamiliar jargon seemed surprisingly appropriate.pic.twitter.com/1d1ta06KqM
(If you haven't seen it, the prestige television scene most likely to be mentioned in a compliance department presentation: https://www.youtube.com/watch?v=ez6xH-su2xI … )
”As CEO of a crypto exchange, I thought it perfectly normal that my customers wired $1.5 billion of their funds into accounts of this one guy whose last name I didn’t really know”
@buzz_chronicles save as crypto
Ciao! Pleasure is mine. Original tweet by @patio11: "Bitfinex files discovery in "Yo bro, where did our $800 million go?" action and ...". Enjoy
https://buzzchronicles.com/zmbnski/b/crypto/1125 …
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