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#crossriverbank

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⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://mas.to/@Barbramon1" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>Barbramon1</span></a></span> <span class="h-card" translate="no"><a href="https://beige.party/@ned" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>ned</span></a></span> not only that, there was a staggering amount of fraud with the <a href="https://universeodon.com/tags/PPP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PPP</span></a> loan program, much of it originating from a tiny handful of community banks that also happened to be incredibly crypto friendly...</p><p>The best estimates I've seen are that 10-20% of the PPP loans were outright fraud and 8-14% of all covid relief money ended up in the cryptocurrency market. That's hundreds of billions of dollars (at a minimum).</p><p><a href="https://x.com/Cryptadamist/status/1636985549767548931" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/Cryptadamist/status/1636</span><span class="invisible">985549767548931</span></a></p><p><a href="https://universeodon.com/tags/fraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fraud</span></a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>corruption</span></a> <a href="https://universeodon.com/tags/CrossRiverBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CrossRiverBank</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>I’ve been talking about the connections between the <a href="https://universeodon.com/tags/Netanyahu" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Netanyahu</span></a> family and some of the sketchiest characters in the crypto industry (esp. <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> co-founder <a href="https://universeodon.com/tags/BrockPierce" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BrockPierce</span></a>) for years so I was glad to see <a href="https://universeodon.com/tags/UdiLevy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UdiLevy</span></a>, the former head of <a href="https://universeodon.com/tags/Mossad" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mossad</span></a>'s economic unit <a href="https://universeodon.com/tags/Tzalsel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tzalsel</span></a>, starting to ask the same questions of <a href="https://universeodon.com/tags/Qatargate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Qatargate</span></a>.</p><p>Among other things Netanyahu's niece is a part owner of <a href="https://universeodon.com/tags/Bancor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bancor</span></a>, a defi lending platform that imploded in 2022 in hilarious fashion.</p><p>Re: <a href="https://universeodon.com/tags/AryehDeri" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AryehDeri</span></a>, the man who triggered the mass protests in Israel in 2023, Deri was seen at the groundbreaking for <a href="https://universeodon.com/tags/BrixSoftware" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BrixSoftware</span></a>, major vendor for <a href="https://universeodon.com/tags/CrossRiverBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CrossRiverBank</span></a>, the single largest purveyor of covid relief fraud in the US. CRB received massive investment from <a href="https://universeodon.com/tags/MarcAndreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarcAndreessen</span></a>'s <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>a16z</span></a>, both before and after a massive “investment” from a Malaysian police chief who somehow had hundreds of millions of dollars to invest after he “investigated” the <a href="https://universeodon.com/tags/1MDB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>1MDB</span></a> fraud.</p><p>more: <a href="https://cryptadamus.substack.com/p/eric-adams-yet-another-crypto-success" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">cryptadamus.substack.com/p/eri</span><span class="invisible">c-adams-yet-another-crypto-success</span></a></p><p><a href="https://universeodon.com/tags/Qatar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Qatar</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/israel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>israel</span></a> <a href="https://universeodon.com/tags/palestine" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>palestine</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://norden.social/@wackJackle" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>wackJackle</span></a></span> <span class="h-card" translate="no"><a href="https://masto.ai/@GhostOnTheHalfShell" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>GhostOnTheHalfShell</span></a></span> USDC is almost definitely backed by dollars. the funds are in trust at blackrock (Tether is another matter, though i tend to lean more towards "the money Tether has is dirty" than "Tether doesn't have the money")</p><p>as far as how to mint <a href="https://universeodon.com/tags/USDC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USDC</span></a>, you open an account at Circle, send them $100, and they send 100 USDC to your wallet address. practically speaking due to the close relationship of Circle and <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Coinbase</span></a> this all happens in the Coinbase app - you wire money to Coinbase at <a href="https://universeodon.com/tags/CrossRiverBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CrossRiverBank</span></a> (that's a whole other topic but suffice it to say it's a bank that got a 100 page Congressional report devoted to the ways it facilitated truly epic amounts of covid relief fraud) and Coinbase puts 100 USDC in your trading account.</p>
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