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>> No.53412707 [View]
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53412707

>>53412499
>>53412488
Look at the participants doing this, look at the which network they are a part of (silvergate exchange network). These guys were laundering customer money out of Alameda and FTX, they took a $4 billion federal home loan bank loan to bail out crypto last week and the money is already gone. Silvergate is Michael Saylor's lender if any of you have followed that thread at all, he's been underwater since $30,000 and liquidation was rumored at $16,000 before he took out additional loans to meet margin. Signature bank similarly pulled transfers out from Binance because of liquidity problems, they took out a $10 billion dollar federal home bank loan. Read up on the federal home loan bank; these two crypto banks taking out these loans in tandem means $14 billion from the federal government just got sucked into crypto last week and yet the problem is seemingly so massive that it doesn't even matter. There's a massive run on crypto institutions going on right now and I don't think they're even going to last the week.
>>53412518
Fedwire schizos are about to have a field-day because guess what service these two banks provide to these participating crypto exchanges: fedwire access. Signature Bank's fedwire connector is called Signet while SEN is Silvergate's. These services are how Investment Banks are getting access to crypto markets and vice versa, it's also why crypto gets pumped on weekends and dumps before market opens. The two markets are quite literally interlinked.

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