ECP NetHappenings: The Trails 4 The Crypto industry is a Cult

The Trails #4
The Crypto industry is a Cult

Captured Regulators  hold too much money so they won’t actually investigate anything. The revolving door protects and allows collusion among all of them.

1. ECP NetHappenings Newsletter The Trails #1
2. ECP NetHappenings Newsletter The Trails #2
3. ECP NetHappenings Newsletter Trails #3
4.  The Trails #4

Bitcoin could see an influx of up to $17.7 trillion from institutional investors as a former BlackRock manager predicts the imminent approval of spot Bitcoin ETFs in the US.

US now has Mr. McHenry a pro #Bitcoin House Speaker – the 3rd most powerful position in the U.S. government.
https://twitter.com/BanklessHQ/status/1707042914520473953
Which Gary Gensler should the public believe?
The academic version or the SEC version?
Judge rejects SEC motion to appeal Ripple XRP ruling.

Jack Dorsey’s Block has released their new #Bitcoin wallet.
Bitkey Beta is an open source mobile app & hardware wallet.

Switzerland’s oldest government-owned bank now advertises #bitcoin on their ATMs.

FUD = FEAR UNCERTAINTY and DOUBT

State Sponsored Fud 

#COSTCO

Costco made headlines last week by starting to sell gold coins at their stores. Did you know you can use a Costco Cash card to buy #Bitcoin as well? Paxful makes it easy and secure for you to buy Bitcoin with Costco Cash Card today.

FTX

The biggest fraud started at FTX after Gary Gensler’s and Jay Clayton’s old buddy at Sullivan & Cromwell, Ryne Miller started advising SBF at $2 – $4,000 an hour. Ryne Miller ex CFTC Legal Counsel to Chairman Gensler

WSJ Scoop on FTX:
> The LedgerX team, acquired by FTX, spotted FTX’s special treatment of Alameda via Backdoor
> Whistleblower was fired
> FTX later offers $5 MM to whistleblower not to say anything.
Excerpt:
Prosecutors say Bankman-Fried stole funds from FTX customers, in part, by secretly ordering the programming of “special features” that gave Alameda—his crypto trading firm—the ability to treat FTX as a giant slush fund. Court filings have revealed a line buried deep in FTX’s code that allowed Alameda to have a negative balance of as much as $65 billion on the exchange.
https://twitter.com/ramahluwalia/status/1710257164764217360

CRYPTO

Binance is a larger fraud than FTX.
Tether is a larger fraud than Binance

@BoringSleuth According to LinkedIn, these are the profiles associated with the creation of Tether. They work for Prometheum, #Ambisafe, #Chainsafe, the Ethereum Foundation among other contributors

@Bitfinexed
Binance is proof that you can have news about your exchange missing billions of dollars, customers funds being siphoned away for your own two trading hedge funds secretly using over 300 house accounts, knowingly laundering money for terrorist organizations, and the exchange is still operating.
FTX would still be operating today if not for CZ throwing SBF under the bus.
Binance is even worse than FTX, yet continues to operate like a cancer. Because the crypto industry is a cult.

ETH = CN
$ETH $TRON = #CCP

#SEC Shit Coins
Mapping out one of the cryptos biggest yet conflict of interest.

@BoringSleuth
I believe without any doubt that the Ethereum Cartel is holding back all of Crypto. Just think about where all those investment dollars & dollars stolen from protocols could have gone to support those with interests that aligned with all Market participants. Instead our dollars have gone to the corrupt, building hierarchical systems of control disguised as decentralized protocols. Our dollars have lined the pockets of a couple of handfuls of Regulators, Vcs, Developers, and others willing to sell their integrity and the values of their communities for the disguise of success and monetary wealth. They all have a back door. https://twitter.com/NerdNationUnbox/status/1699193565849506241

@StevenNerayoff Oct 9
@mikealfred guess you didn’t know @ethereum was a vehicle for the personal gain of @ethereumJoseph @VitalikButerin aka #CryptoJudas at the expense of holding back the entire industry. Maybe I’ll do an @X thread on some of what really happened.

Mike Alfred @mikealfred Oct 8 2023
Ethereum looks sick. The world computer and ultrasound money narratives have failed. Defi and NFTs have largely been abandoned. Vitalik and other insiders are looting the protocol and transactions are easily censored by governments. It’s a disaster. Today I am selling my ETH.

Vitalik’s Many Backdoors (Ethereum Rollups)

Have the #DisguisedWhales captured #Ethereum and are they getting rich off of the gas fees that you’re paying by using BACKDOORS within #Ethereum?
https://twitter.com/UtilityTheory/status/1711396566102380659/photo/1

@BoringSleuth
This is a great 🧵. Start from the beginning. I found the Wikileaks connection to China/Canada interesting. I’ve shown in Crypto, within Ethereum on-chain, they are also connected significantly to China, including Cryptos biggest Cartel.
https://twitter.com/BoringSleuth/status/1709213285126431223
https://twitter.com/BoringSleuth/status/1709213285126431223/photo/1

DYNADOT, LLC. was founded by TODD HAN and is headquartered in SAN MATEO, CA. They also have TWO (2) offices in CHINA (ZENGZHOU and BEIJING) and ONE (1) OFFICE in CANADA (TORONTO).
💥Oh yeah, they’re also the REGISTRAR for…
wait for it…
💥💥💥💥💥WIKILEAKS💥💥💥💥💥
Ether futures ETF launched today on the stock market.
It had 0.2% of trading volume compared to BTC Futures day 1 of trading (1.9m for ETH Futures today vs 1B for BTC future’s day 1) Turns out there’s no institutional demand for Ethereum

We’ve already JUST discussed http://FTX.COM’s #4 MOST-USED OUTGOING and OVERALL IP ADDRESS and its ties to CHINA, ALIBABA and TIMOTHY ALEXANDER STEINERT of the COUNCIL ON FOREIGN RELATIONS.
Ok, ok… so what’s the LATEST key connection that’s been discovered?🤔

💥As it turns out, this was the #5 MOST-USED OUTGOING and OVERALL IP ADDRESS for the PRIMARY http://FTX.COM DOMAIN, per our report:

💥💥IPV4 ADDRESS: 104.18.33.31💥💥

And who does that IP ADDRESS link FTX to DIRECTLY, you ask?

ERICSSON
https://twitter.com/DecentFiJC/status/1709247064452825217/photo/3

REMINDER: We’ve already JUST discussed http://FTX.COM’s #4 MOST-USED OUTGOING and OVERALL IP ADDRESS and its ties to CHINA, ALIBABA and TIMOTHY ALEXANDER STEINERT of the COUNCIL ON FOREIGN RELATIONS. As it turns out, this was the #5 MOST-USED OUTGOING and OVERALL IP ADDRESS for the PRIMARY http://FTX.COM DOMAIN, per our report:

https://twitter.com/DecentFiJC/status/1709178812808712664
https://twitter.com/DecentFiJC/status/1709187890746364147
https://twitter.com/DecentFiJC/status/1709195574262501483

Here we go again Joseph Tsai, the Co-Founder and chairman of Ethereum Whale Alibaba who Bill Hinman represented also worked at. Yeah I know you already guessed it: Sullivan&Cromwell
https://twitter.com/Leerzeit/status/1710253015179964423

#SEC Shit Coins
Mapping out one of the cryptos biggest yet conflict of interest.

9/12/23 SPOTTED: @PrometheumInc’s lobbyist William Owen sitting behind Gensler in today’s Senate Banking hearing.
https://twitter.com/EleanorTerrett/status/1701644144202944894
William Owen, a former Tennessee lawmaker and Democratic National Committee member.
“superdelegates”
“I’m a registered lobbyist, and I represent clients. And they have interest in front of Congress, and I attend the Senator’s Classic, which is a Republican event, each year.”
https://www.salon.com/2020/02/29/superdelegate-pushing-convention-effort-to-stop-sanders-is-health-care-lobbyist-who-backed-mcconnell/

Prometheum.eth sends money to and from Laoxia.eth.
🇺🇸 biden.eth was minted the same day.
https://twitter.com/BoringSleuth/status/1681739287434280960/photo/2
Guess who owns KillTrump.Crypto?
@realDonaldTrump
That’s right, Prometheum, the company who my government decided to give a Special Dealer Broker License to in Crypto, who is basically a Chinese/CCP entity. Don’t believe me? See for yourself.
https://twitter.com/BoringSleuth/status/1681692466183897092
Here is the rest of Prometheum’s trail, tying all the way back to the people they are publicly tied to.

ELIAS LAW GROUP and the ETHpass domains.
https://twitter.com/DecentFiJC/status/1709872890810630556/photo/1
Marc E. Elias@marceelias Founder @DemocracyDocket.
Partner @EliasLawGroup
Sam Bankman-Fried’s new legal defense: “My old lawyers told me to commit fraud” Let’s see how this works out for him.

Marc Elias happens to be ex Partner at Perkins Coie for almost 29 years representing Democratic candidates and PAC’s through Crowdpac, a company who has an investor named Plug & Play Vemtures. The same Plug & Play that Bill Hinman’s son is Director of Enterprise Tech at.
https://twitter.com/cowboycrypto313/status/1709922037915918360
https://twitter.com/cowboycrypto313/status/1709922037915918360/photo/1

Ethereum Largest Hidden Whales
Huan Li PreAngel Plug and Play Venture Partner, https://pre-angel.com/ one of Ethereums largest hidden Whales, is partners with Plug and Play Ventures in China.
https://twitter.com/BoringSleuth/status/1709938457458745427

@BoringSleuth
I talk about PreAngel, the CCP connected VC who is IMO, a Top 10, massive hidden Whale behind ethereum. While they come up in a lot of my analysis, I’ve never actually shown you who is directly connected to their oldest, traceable wallet.

Prometheum
LingLing/Multichain Dev
Satofishi – Binance and StakeFish Dev
Gate.I0 Dev
Wanxiang
Daniel Wang + a ton of wallets named China Group. These wallets take on a Region based name, because they were setup thru a Centralized exchange, and interact with the VC’s and Protocols based out of China.
https://twitter.com/BoringSleuth/status/1709981455281991878

#XRP #XRPCommunity
Sept 22 – Ethereum’s Shanghai Upgrade Has Been ‘Disappointing,’ JPMorgan

Oct 3rd – Identitii files suit against JPMorgan claiming patent infringement on products including Onyx.
It looks like JPMorgan is going to need a new blockchain to run on. Perhaps they need to visit Ripple’s offices again?
Ripple owns the cross-border payments space. no one else even compares.
https://www.jpmorgan.com/onyx/coin-system.htm
https://www.jpmorgan.com/onyx/about.htm
Identitii Files For Patent in 2015 to utilize #Ripple/#XRP as Settlement Layer while maintaining Swift Messaging Standards

@BoringSleuth
I wonder why Market Makers move fund between each other. Of course, not directly, just thru wallets they setup and used solely to be funnels to move only Crypto between themselves.

@BoringSleuth
Have you heard of Wanxiang before? Did you know this Chinese Auto manufacturer had such deep roots in Ethereum? This thread is solely to raise awareness of one of the most unknown influential groups in all of Crypto, Wanxiang.
https://twitter.com/BoringSleuth/status/1619506600062124033

Ethereum has inflation #Bitcoin doesn’t have inflation, it has distribution.
The difference is that bitcoin’s monetary policy of 21 million coins was set in January of 2009.

What you perceive as “inflation” is just the bitcoin protocol distributing those coins as programmed.

Ethereum has inflation #Bitcoin doesn’t have inflation, it has distribution.
The difference is that bitcoin’s monetary policy of 21 million coins was set in January of 2009. What you perceive as “inflation” is just the bitcoin protocol distributing those coins as programmed.

@Leerzeit
Have you ever noticed that in statistics about the overall value of the Ethereum ecosystem, all the staking services for Ethereum are counted double? For example, Lido’s market cap is already fully included in Ethereum’s market cap. Just like with all other ETH staking services. But I guess this way you can use it as collateral twice. Once for the ETH that Lido directly stakes on L1 Ethereum, and once for the wrapped ETH that you got from the Lido contract. Probably somewhere you will be even able to stake Lido ETH, and stake the wrapped wrapped wrapped ETH high up into infinity.

Believe the CEO when he says #Coinbase isn’t comingling funds nor sharing liquidity with #Binance… Ignore the FUD!
https://twitter.com/BoringSleuth/status/1710387984103625081
Who originally setup and funded the Coinbase Exchange address’ on Ethereum?
Coinbase? Nope.
They were originally funded/setup thru Binance and Crypto.C0M.
Why would an exchange that’s been around since 2012, not setup and fund their own exchange address’, unless of course
https://twitter.com/BoringSleuth/status/1666225098171219970/photo/1
I’m sure you’ve seen by now that it was Binance that setup and funded every known Crypto.C0M address as well?
What aren’t they telling us? I have questions and I’m going to find out.

A quick 🧵showing that Wanxiang, Chinese auto and early Ethereum Investor funded and setup Vitalik Buterins official wallets. https://twitter.com/BoringSleuth/status/1619506600062124033

An Early Ethereum Backer Is Targeting Asia’s Biggest Crypto Venture Fund
Wanxiang spinoff HashKey aims to raise a $600 million pool
The fund is ramping up at a fraught time for crypto markets
https://www.bloomberg.com/news/articles/2022-01-27/early-ethereum-backer-targets-asia-s-biggest-crypto-venture-fund#xj4y7vzkg

Bitfinex & Tether don’t want you to see this picture.
It was deleted within ten minutes of posting.
https://twitter.com/Bitfinexed/status/1711072738377343385/photo/2

Tether is quite literally, funding terrorism.
Imagine shilling for a blatant fraud that launders money for terrorists.
https://twitter.com/Bitfinexed/status/1711042885859041780/photo/2

“We must take blockchain as an important breakthrough in independent innovation of core technologies, clarify the main direction of attack, increase investment, focus on conquering a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.”
http://www.xinhuanet.com/politics/2019-10/25/c_1125153665.htm
– Xi Jinping
October 2019

@BoringSleuth “Together Decentralized”
Yes @Poolinmining @officialpoolin you embody what Decentralized means to Ethereum today, and how they value decentralization.
Zero. You value it Zero. Proof of this, directly on the public, transparent distributed ledger.
Disgusting Global Fraud
https://twitter.com/BoringSleuth/status/17108310799075246

I went ahead and looked at Poolin 3’s mining rewards since 99.9% of Poolin 2’s rewards went to a Chinese, CCP affiliated company, InBlockchain.C0M. I outlined that in a previous post today, which you can view below.
https://twitter.com/BoringSleuth/status/1710808791845867620

The swamp must be destroyed. There is no patching and repairing it. We’ve been doing that since at least 2008. The Truth needs told, and equally, heard, seen, understood, and completely acted upon. We must destroy the swamp and upgrade its infrastructure and integrity. Its the path to lasting progress.
My database of Labels has always come from, or been built thru association of massive fraud. I never sleuth unless given reason, and I certainly don’t share labels of those I don’t believe to be involved. I feel that’s important to hammer home.
https://twitter.com/BoringSleuth/status/1601103380113330176

REMEMBER
Jeffrey Epstein & Bill Gates funded MIT’s Media Lab developing CBDC “Project Hamilton”. SEC Chair Gensler was the Labs senior advisor & taught economics with Glenn Ellison, the father of SBF’s girlfriend and co-CEO of Alameda Caroline Ellison. Plus THIEL taught by SBF’s Dad
https://twitter.com/BoringSleuth/status/1651418634948845571

Original Funder of Coinbase
A quick 🧵showing that Wanxiang, Chinese auto and early Ethereum Investor funded and setup Vitalik Buterins official wallets.
https://twitter.com/BoringSleuth/status/1666225098171219970/photo/1

TruthLabs @BoringSleuth

The beneficiaries of Ethereum’s top grossing Mining Pools.

🚨99.99% of Poolin 2’s ETH Mining Pool rewards went straight to CCP & Wanxiang affiliated, InBlockchain.C0M🚨
In total, around 111,000 ETH were mined thru this one mining Pool, of which 99.99% went to one company, InBlockchain.
If you don’t recall, Inblockchain shares MIT and Wanxiang’s slogan, “In Blockchain we Trust”. I shared the below thread back in August on them, and there is no doubt they are one of Ethereum’s massive hidden private ICO whales.
https://twitter.com/BoringSleuth/status/1710784266425004164
“In Blockchain we Trust”
I was all to familiar with this quote. I originally came across it when I noticed that both MIT and Wanxiang used it as their slogan, another data point showing their relation to one another.
Today, I came across http://InBlockchain.com while sleuthing. On their homepage, and even in their own name, they quote In Blockchain We trust. This had me very curious.
Come to find out, they claim to be China’s, and the worlds most connected VC firm in Crypto. Touting the deepest relationships with the Top 100 BTC whales with their own heavy bags of BTC, and now ETH.
When I was scrolling thru their website, I noticed that they are the ones who created Peatio, Yunbi, and the Big One Exchange.
I’ve shared this before, but Yunbi/Peatio are Black Box exchanges, that were built to spinoff. My research suggested that Yunbi/Peatio were Wanxiang’s original exchange, and that Binance Yunbi/Peatio on steroids. An exchange, that had hundreds of other exchanges that all funneled money back to them.
More research needs done, but needless to say, I uncovered another critical piece to my research, all while validating a lot of on-chain research I had done, and the conclusions they led me to.
https://twitter.com/BoringSleuth/status/1696746893777268982

In 2018 @GaryGensler said he believes #XRP is a non-compliant security but that the matter would not be resolved by the @SECGov “It will be resolved by some courts whether it’s appellate courts or the Supreme Court.”
https://twitter.com/EleanorTerrett/status/1710001889872392675
Judge Torres has REJECTED the @SECGov’s Motion to Appeal the
@Ripple Ruling.

The latest on Crypto vs. SEC:
1) SEC loses motion to appeal Ripple decision that gutted their legal theory
2) SEC files weak brief against Coinbase arguing ~ “the law is whatever we say”
3) SEC Chair fumbles question in Congress on *checks notes* Pokemon cards
Crypto 3, SEC 0

———–10/10/23————