January 2023 - cypherpunks - lists.cpunks.org

A Sam Bankman-Fried Company Loaned or Invested More than $1 Billion in Clients of its Law Firm, Sullivan & Cromwell
by Gunnar Larson 19 Jan '23

19 Jan '23

https://wallstreetonparade.com/2023/01/a-sam-bankman-fried-company-loaned-o… By Pam Martens and Russ Martens: January 17, 2023 ~ Sam Bankman-Fried Sam Bankman-Fried In a January 12 Substack column penned by Sam Bankman-Fried, the indicted co-founder and former CEO of collapsed crypto exchange, FTX, he writes that “When I would visit NYC, I would sometimes work out of S&C’s office.” S&C is shorthand for the 144-year old Big Law firm, Sullivan & Cromwell, which has come under withering media attention for attempting to steamroll its way into the position of lead counsel in the FTX bankruptcy proceedings – including investigating its own conduct as outside counsel to Sam Bankman-Fried and his byzantine collection of crypto companies. Wall Street On Parade has been covering the mushrooming conflicts of interest held by Sullivan & Cromwell since two days after FTX (and its herd of more than 100 related companies) filed their Chapter 11 bankruptcy petition on November 11. Today, we will shine an even brighter light on those conflicts. The 8-count criminal indictment against Sam Bankman-Fried by the U.S. Department of Justice makes it clear that pretty much everything Sam Bankman-Fried did involving electronic business communications from 2019 to November 2022 was wire fraud deployed to misappropriate customer deposits and use “those deposits to pay expenses and debts of Alameda Research, Bankman-Fried’s proprietary crypto hedge fund, and to make investments” in other companies, most of which were crypto related. If Bankman-Fried was on the premises of Sullivan & Cromwell during that span of time, which appears highly likely since he came to New York for meetings and speaking engagements, there is also the strong likelihood that he engaged in the alleged wire fraud from their premises. Just being on the premises of Sullivan & Cromwell and using their phones or wi-fi without their knowledge to commit wire fraud might not be a fatal conflict against the law firm, were it not for the fact that Wall Street On Parade has discovered that an inordinate amount of Sullivan & Cromwell’s other current clients appear to have received more than $1 billion of FTX’s misappropriated customer funds. On December 21, Sullivan & Cromwell filed a large document with the FTX bankruptcy court which included (scroll down) a Declaration by S&C partner Andrew Dietderich. Included in that Declaration was a list of current and former S&C clients who had relationships with FTX and its related companies. Dietderich provided no specificity on those relationships other than a one-word or two-word description, such as “vendor,” “contract counterparty,” “investments,” “competitor,” etc. Wall Street On Parade cross-checked those S&C current clients which were designated by the law firm as “contract counterparty” or “investments” with public records and an internal FTX document published by the Financial Times showing investments made by Sam Bankfried-Fried’s hedge fund, Alameda Research, or its affiliated units. We discovered seven clients of Sullivan & Cromwell had received loans or investment funds. Sullivan & Cromwell told the bankruptcy court in a filing that it “is not aware of any conflict between its representation of the Debtors and its representations of its Current Clients or Former Clients that would cause S&C not to be a ‘disinterested person.’ ” But if the funds involved were looted from FTX customers, the funds may have to be clawed back and S&C is hardly in a position to be trusted demanding claw backs from its own customers. This is what Wall Street On Parade found: (All current client listings are as of December 21, 2022, according to Sullivan & Cromwell.) BlockFi BlockFi is another crypto exchange that is a current client of Sullivan & Cromwell. It filed for bankruptcy in November and its court filings indicate that it blames FTX for its own bankruptcy. BlockFi revealed to the court that FTX and Alameda Research owe BlockFi more than $1 billion, consisting of $680 million in a loan that Alameda has defaulted on and $355 million in funds frozen on the FTX crypto exchange. Anchorage: Sullivan & Cromwell lists Anchorage as a current client. Anchorage provides infrastructure for institutions to enable crypto custody, exchange, staking and other services. According to the document obtained by the Financial Times, Clifton Bay Investments (formerly known as Alameda Research Ventures) provided $20 million as an equity investment in Anchorage. Public records put the date of that investment in or around December of 2021 – well within the timeframe when federal prosecutors say Sam Bankman-Fried was using customer funds to finance investments by Alameda Research and its venture fund units. Aptos: Aptos, a blockchain startup by former Facebook employees, is also listed as a current client of Sullivan & Cromwell. The internal document published by the Financial Times indicates Aptos received $75 million from Clifton Bay Investments, formerly known as Alameda Research Ventures. News reports put the date of the investment in or around July 2022. ConsenSys: ConsenSys is a blockchain technology company and a current client of Sullivan & Cromwell. According to a press release from the company, it received funding from Alameda Research, along with others, in April 2021. The Financial Times internal document indicates that the funding came in the form of a $750,000 convertible note. (Wall Street mega banks, JPMorgan Chase and UBS, also participated in that funding round. Both are listed as current clients of Sullivan & Cromwell.) Fanatics: Fanatics is a sports merchandising and sports trading card company. Sullivan & Cromwell lists it as a current client. According to the internal document published by the Financial Times, Fanatics received a $10 million equity investment from Alameda Research Ventures (a/k/a Clifton Bay Investments). The date of that investment could not be determined. Polygon Network: Polygon Network is an Ethereum blockchain platform for scaling and infrastructure development. According to TechCrunch, Alameda Research participated in a funding round that occurred in February 2022. The Financial Times’ internal document from FTX characterizes the investment as $50 million invested in a token. The Polygon Network funding round was led by Sequoia Capital, another current client of Sullivan & Cromwell, which had itself invested $210 million in Sam Bankman-Fried’s now collapsed FTX crypto exchange. According to CNBC, Sequoia Capital marked its FTX investment down to zero in November. Rocket: There are a number of companies that carry the name “Rocket.” We were unable to determine which “Rocket” company Sullivan & Cromwell has indicated is its client. The Financial Times internal document indicates that “Rocket” received $150,000 from Alameda Ventures (a/k/a Maclaurin Investments). As Wall Street On Parade previously reported, Sullivan & Cromwell also represents four of FTX’s major competitors: BlockFi, Coinbase, Gemini, and Kraken; a former Sullivan & Cromwell partner, Ryne Miller, was serving as General Counsel of FTX US at the time it imploded into bankruptcy; and at least 16 Sullivan & Cromwell attorneys did legal work for FTX and/or Alameda Research prior to the bankruptcy filing. Four sitting U.S. Senators have filed a letter with the FTX bankruptcy court raising alarms about Sullivan & Cromwell’s conflicts; the Justice Department’s U.S. Trustee overseeing the bankruptcy proceedings has also raised multiple concerns about Sullivan & Cromwell’s conflicts. An FTX customer, Warren Winter, has filed a scathing objection with the court to Sullivan & Cromwell serving as lead counsel. Winter’s attorneys write as follows: “Sullivan & Cromwell was one of the FTX Group’s ‘primary external law firms’ before the FTX Group collapsed. To date, the FTX Group has paid the firm more than $20.5 million in fees and retainers. Now, in the most flagrant attempt by a fox to guard a henhouse in recent memory, Sullivan & Cromwell has applied to be appointed the FTX Group’s bankruptcy counsel with duties that would include ‘investigating all potential estate causes of action.’ But it has revealed almost nothing about its prepetition work for Sam Bankman-Fried’s fraudulent enterprise — and failed to disclose or elided glaring conflicts of interest.” Winter goes on to reveal the following to Judge Dorsey: “Two former Sullivan & Cromwell lawyers are General Counsel to FTX Group entities. Sullivan & Cromwell did not disclose these connections in its Application and therefore violated Federal Rule of Bankruptcy Procedure 2014, which requires a statement ‘all of [the firm’s] connections with the debtor … [and the debtor’s] attorneys.’ What’s more, disclosed or not, these connections create a conflict of interest and are disqualifying. FTX US General Counsel Ryne Miller is a former partner at Sullivan & Cromwell…Miller is alleged to have played a key role— perhaps the key role—in wresting control of the FTX Group from Sam BankmanFried and directing this extremely valuable bankruptcy matter to his former firm. According to Bankman-Fried, and supported by what appears to be genuine evidence, Miller proclaimed to have usurped control of the FTX Group by November 8th. He immediately secured a $12 million retainer for his former firm and allegedly mounted an ‘extreme pressure’ campaign to put the FTX Group into bankruptcy with Sullivan & Cromwell and its hand-picked CEO at the helm. “FTX Ventures General Counsel Tim Wilson is another former Sullivan & Cromwell lawyer. The Securities and Exchange Commission has alleged that FTX Ventures made at least $200 million in venture-capital investments using customer funds that had been misappropriated through Alameda Research….” Thus far, the Judge hearing the FTX bankruptcy case, John Dorsey, has allowed Sullivan & Cromwell to step into the shoes as lead counsel pending a formal order to be taken up at a future hearing. Judge Dorsey dismissed the letter from the four U.S. Senators as “inappropriate,” rather than recognizing it as a siren call that a four-alarm crypto fire is out of control in his courtroom.

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Hakim Bey / Karl Marx friendly anarchists go fuck yourself
by professor rat 19 Jan '23

19 Jan '23

Curiously, the obituary and final works became fixated on defending the right of adults to have sex with children partway through. (This is not typical of most obituaries I have read, although I suppose perhaps there is a grand tradition of praising the radical liberation of fucking teenagers in obituaries that I am unaware of.) The full document and “last writings” closed by quoting Hakim Bey at length. . . ." How did multiple reputable anarchist organizations fail to notice they were publishing a pedophilia manifesto? https://anarchistnews.org/content/elephant-room-0 Objection - reputable anarchist organizations assumes facts not in evidence. Hakim Bey Karl Marx anarchists go fuck yourselves https://www.marxists.org/archive/marx/works/1875/gotha/append.htm A general prohibition of child labor is incompatible with the existence of large-scale industry and hence an empty, pious wish. Its realization – if it were possible – would be reactionary . . ." Reposts not endorsements of child slavery and associated exploiters ( Hi Karl! )

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[draft][crazy] How I took down a blockchain as a visiting developer
by Undescribed Horrific Abuse, One Victim & Survivor of Many 19 Jan '23

19 Jan '23

It seems like this would be a good share. I don’t know if anyone is still here to read it, so maybe a spamdraft makes sense.

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[ot][spam][crazy] spams after the blockchain takedown posts
by Undescribed Horrific Abuse, One Victim & Survivor of Many 19 Jan '23

19 Jan '23

whew! omigod! my internal influences are so conflicted! they don’t understand that somebody would take down a blockchain while trying to benefit from it running.

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PayPal and Wells Fargo
by Gunnar Larson 18 Jan '23

18 Jan '23

Breaking News: Brody Larson says Peter Thiel's PayPal must be experiencing Stockholm Syndrome through their abusive relationship with Wells Fargo.

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Peter Thiel Says British Affection for NHS Is Stockholm Syndrome
by Gunnar Larson 18 Jan '23

18 Jan '23

Peter Thiel Says British Affection for NHS Is Stockholm Syndrome https://www.bloomberg.com/news/articles/2023-01-18/peter-thiel-says-british… Billionaire entrepreneur and investor Peter Thiel, whose data analytics company Palantir Technologies Inc. is vying for a £480 million ($595 million) National Health Service data contract, has described British people's affection for the state-backed health service as “Stockholm syndrome.” 14 mins ago

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1984: WEF 2023 Underway Now at Davos - Fucking You Ever Harder
by grarpamp 18 Jan '23

18 Jan '23

WEF 2023 Underway Now at Davos - Fucking You Even Harder Don't miss all the videos documenting your enslavement on the latest less censored platforms... https://odysee.com/ https://bitchute.com/ https://rumble.com/ https://banned.video/ "There are so many diabolical sessions to attend!" "Distasteful Masterclass In Hypocrisy": Elites Swarm Davos In Private Jets To Discuss Climate Crisis https://twitter.com/marcograss2/status/1613664813753815041 https://twitter.com/DiEM_25/status/1614899170967437313 https://twitter.com/JamesMelville/status/1613808932253847553 https://twitter.com/payalclimate/status/1614891897033465856 https://twitter.com/Debt4ClimateCH/status/1614894460730490881 https://twitter.com/DebtforClimate/status/1614893553955528704 https://twitter.com/DebtforClimate/status/1614951775143972865 https://twitter.com/David_M_Walsh/status/1614645874562576387 The annual conference of the World Economic Forum begins today in Davos, Switzerland. Global elites landed in luxurious private jets over the last few days in airports around Davos to discuss important global challenges, such as climate change, behind closed doors. "The rich and powerful are swarming to Davos to discuss climate and inequality behind closed doors using the most unequal and polluting form of transport: private jets," Klara Maria Schenk, transport campaigner for Greenpeace's European mobility campaign, told news website Politics.co.uk. Greenpeace International published a new report that showed 1,040 private jets flew in and out of airports around Davos for last year's meeting, causing CO2 emissions from private jets to increase four times more versus a weekly average. "Given that 80% of the world's population has never even flown, but suffers from the consequences of climate-damaging aviation emissions, and that the WEF claims to be committed to the 1.5°C Paris Climate Target, this annual private jet bonanza is a distasteful masterclass in hypocrisy. Private jets must be consigned to history if we are to have a green, just and safe future for all. So-called world leaders must lead by example and ban private jets and useless short-haul flights," added Schenk. WEF hopes to tackle what they believe is a climate crisis plaguing the world despite most attendees arriving by private jets, which are the most polluting mode of transport per passenger The world’s elite has arrived in Davos on over 1000 private jets to lecture you about climate change. pic.twitter.com/2WyDiqLbV6 — DiEM25 (@DiEM_25) January 16, 2023 And motorcades of WEF attendees were spotted in gas-guzzling SUVs and high-end sedans. ▪️Over 2,500 delegates ▪️Over 1,000 private jets ▪️Motorcades Yes, it’s the annual WEF Davos jamboree of hypocrisy where a bunch of e̴l̴i̴t̴e̴s̴ / parasites preach to us plebs about saving the planet and use virtue as a smokescreen for their own greed. pic.twitter.com/MLL97DfFFz — James Melville (@JamesMelville) January 13, 2023 Meanwhile, climate protesters spent Monday morning blocking at least one airport used by the super-rich. @debtforclimate activists blocking the elites arriving on private jets to attend #WEF - the 1% is responsible for the illegitimate debt of the global South & the climate crisis most felt in Africa & Asia. pic.twitter.com/3WeO4NMwKn — Payal Parekh (@payalclimate) January 16, 2023 and we are successful: the first planes have landed with WEF-guests, who are blocked from driving up to Davos by our activists. If you block climate action, we block you. We demand:#debtcancellationnow #polluterspay #stopneocolonialWEF #stopgreenwashing pic.twitter.com/Qr26S74GRr — Debt for Climate Switzerland (@Debt4ClimateCH) January 16, 2023 BREAKING: We are blocking the private airport used by #Davos23 attendees to demand the richest 1% pay their climate debt!#DebtforClimate is putting pressure on the global elites to demand debt cancellation for the Global South to enable a just transition!#MakeThemPay pic.twitter.com/s61c4lwZ4a — Debt for Climate (@DebtforClimate) January 16, 2023 5/6 We demand that the rich pay their #ClimateDebt through the unconditional cancellation of all foreign debts of countries in the Global South to enable #JustTransition and #polluters pay for the #LossAndDamage they cause in the countries most affected by the climate crisis. 👇 pic.twitter.com/DAmljQpOxi — Debt for Climate (@DebtforClimate) January 16, 2023 "Davos has a perfectly adequate railway station, still these people can't even be bothered to take the train for a trip as short as 21 km. Do we really believe that these are the people to solve the problems the world faces?" Schenk said. And remember, these elites will discuss how to reshape the world while guarded by soldiers and private security forces. Given the unique nature of the event - with more than 50 heads of state and government, heads of the UN and EU etc expected to attend - security in #Davos is extremely tight. Army/police are everywhere and the whir of helicopters enforcing a strict no-fly zone is commonplace. pic.twitter.com/A3ts61TQAV — David Walsh (@David_M_Walsh) January 15, 2023 I remeber in the 90is. All was easy going with zero security. But what is happening in the last few years in davos, army/police present,is just batshit crazy arrogant. Took the picture today on way up to davos pic.twitter.com/QSDbFPdQ6Q — 12grad Sonnig (@marcograss2) January 12, 2023 The fact that WEF attendees arrive in droves of private jets only to discuss the climate crisis is hypocrisy at its finest. If there was actually a crisis, wouldn't these so-called climate warriors take public transportation to save the planet? Maybe the crisis that WEF promotes is just manufactured hype.

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[ot][crazy] Hero Video Game: Ancient Spirit of Peaceful Care
by Undescribed Horrific Abuse, One Victim & Survivor of Many 18 Jan '23

18 Jan '23

The player can play as an ancient spirit of peceful care, like the dalai lama or jesus or buddha or a mother tree or a famous pecemaker or anybody. It’s gimmicky, to connect with mainstream media, so isn’t necessarily accurate to a specific story. Once they select their character, they proceed into the game. I need something interactive that is not aggressive nor controversial. I made this thread to make spasmodic posts of possible game content, so that I could pretend to myself i am engaging something nonaggressive.

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Cryptocurrency: Juan's Keys Are SAFU
by grarpamp 18 Jan '23

18 Jan '23

https://www.youtube.com/watch?v=zG-rKa_uva0 Juan's Secret Place Not your keys, not your crypto.

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Cryptocurrency: WEF Demands "'We' Must Now Handover Crypto To GovBankCorp"
by grarpamp 17 Jan '23

17 Jan '23

The ignorant crypto internet masses are cheering that WEF is talking crypto. Note also their use of the 'We' psyop word. The correct answer and response is... No, go fuck 'Your'selves, signed, crypto-anarchy/privacy/money. 'We' don't need 'Your' questions addressed for 'Us' Free Humanity. 'We' are figuring it out just fine by 'Our'selves without 'You'. Nothing but weasel words for what is ultimately continuing and growing Authoritarian Control, CBDC, Regulation, etc... https://cointelegraph.com/news/wef-panel-discusses-the-coming-tokenized-eco… https://www.weforum.org/agenda/2023/01/future-of-cryptocurrencies-davos2023/ https://www.weforum.org/reports/decentralized-autonomous-organization-toolk… https://www3.weforum.org/docs/WEF_Decentralized_Autonomous_Organization_Too… 1) 2022 was a terrible year for cryptocurrencies, with the loss of $2 trillion in market value. 2) We could now see the handover of crypto technology and blockchain infrastructure to more regulated and established institutions 3) Cryptography and blockchains will continue to be integral parts of the modern economic toolkit. "Collaboratively governed and code-driven, decentralized autonomous organizations (DAOs) are engaged in nothing less than an experiment to reimagine how we connect, collaborate and create. Although DAOs today manage billions of dollars’ worth of assets, engage millions of contributors and operate across industries as diverse as finance and philanthropy, basic questions regarding operations, governance, law and policy are only just beginning to be addressed by policy-makers, regulators and entrepreneurs."

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