Ibinex (yes, this all ties back to Jennifer Robertson; promise)

Notice that last message? It says, "I'm glad I got out of Ibinex when I did."

That's in reference to the exchange that he worked at.

If you're wondering how the hell the operator of this channel managed to stumble across an exchange operator working for Crypto Capital Co.... it was actually an accident.

There was a suspicious Telegram channel someone provided a link to via private message.

Later on, due to some suspicions that began forming due to their shifty nature, I went back through our chat history & saw that invite link there.

Since they stated that the channel was for "influencers and power networking", I figured jumping in & exporting the channel's entire history would be the best course of action.

Here is a screenshot from that chat. Even finding this was pure chance.

I went back to see the beginning of the channel log because I was curious who created it and that's when I saw one of the first invites / joins into the channel was an account named "CRYPTO CAPITAL" (in all caps).

I thought, "No way...", and then keyword searched it just to see if it would come up again.

That's when I stumbled across this.

Edit: There's no timestamp in this photo but the messages Horak was sending were from either late 2017 / early-ish 2018 ; well before there was any suspicion about Crypto Capital Co. at all

Going to dump a few more screenshots from Kyle Horak (that's far from the only one of him; he spoke extensively about Crypto Capital)

Here's Kyle Horak promoting an article he wrote and published on LinkedIn detailing "tips for anyone looking to start their own crypto exchange"

Since this was published on LinkedIn under his account (this person was not hidden in the least), getting his actual LinkedIn was easy from there

"Crypto Capital is registered and licensed in Switzerland."

"Also, if you're looking to open a Crypto Company, I would advise on Malta. They're 100% crypto friendly."

Just in case you had any remaining doubt, this individual literally posted screenshots from the Crypto Capital Co. website, then said:

"These are the exchanges that already have the payment processor integrated Kraken used to be one of them, however CC decided to cut contact with them because tje [sic] platform was unreliable."

I know that Kraken used to be listed on Crypto Capital, but were taken off at the end of 2016. With that being said, they do still have the space's only USDT/USD market

Remember that LinkedIn article Horak posted where he asked people in the chat if they wanted to learn how to run a 'crypto exchange'?

Yes, I visited. And of course, I saved it.

Check out the "solutions" that they were offering:

1. White Label Exchange Providers

2. Liquidity (Fiat & Crypto)

3. Payment Processor (Fiat & Crypto)

4. Wallets

5. Tokens

6. Licensing

7. Exchange Registration

8. Marketing

9. Bounty Programs

10. Influencers (this one was really fucking interesting; especially since Peter McCormack specifically defended Kyle Horak..)

Checking Kyle Horak's LinkedIn now, this is where we find "Ibinex"

Remember that message that he sent me admitting his involvement in Ibinex through Twitter? (just making sure everyone can follow the consistency of this story here)

Here is the website; looks generic. This is here for esoteric purposes but the information that followed from there is when things started getting crazy

At the bottom of this page, we can see they were included in: Finance Magnates, Bitcoin.com , cryptovest, BitcoinExchangeGuide, Forbes, etc....

Not focusing on that though

Main Focus: Ibinex Financials Estonia OÜ ("Ibinex") is a company incorporated unde rthe laws of Estonia under Registry Code 14465234

If you're an astute observer, you may have noticed the icons at the very top of the page that say: "Wallet Licensing", "Exchange Licensing", "Finacomm Membership" (that's nothing), and "Industry Report"

We'll pick up on the rest of this saga at a latter point in time (weird connection to the Kremln from the wallet license # ; implicates Sechin as being involved in some capacity).

Why Bitcoin is in Trouble

Because of articles like this by CoinDesk = https://www.coindesk.com/tether-first-attestation

Anyone with any intelligence that's up to date with what's going in the crypto space will see this article published by CoinDesk for what it is. And at this point, it seems a bit desperate.

CoinDesk should be asked some serious questions after publishing this piece.

This is Not an Attestation and Resolves No Long Standing Questions

Specifically, the New York Attorney General stated:

"Bitfinex and Tether made false statements about the backing of the 'tether' stablecoin, and about the movement of hundreds of millions of dollars between the two companies to cover up the truth about massive losses by Bitfinex."

"The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations."

Likely, Tether produced an "attestation" by doing what the NYAG already discovered they have a habit of doing.

Claim the Tethers are backed when, "In reality, the cash ostensibly backing tethers had only been placed in Tether’s account as of the very morning of the company’s ‘verification.’"

https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

Tether Couldn't Get a Single One of the Top Accounting Firms to Help

Which is really weird when considering the fact that their attorney, Stuart Hoegner, works for one of them (Ernst & Young).

Nevertheless, Tether opted to go with a random Cayman Islands accounting firm whom nobody has ever heard of before to complete their attestation (seems legit)

USDC Receives Regular Attestation Reports From Grant Thorton

Circle has been releasing monthly attestation reports from Grant Thornton since October 2018.

You can see each and every single one of those reports here on their website = https://www.centre.io/usdc-transparency

In addition, neither Circle nor Coinbase have been called into court by the New York AG or any other prosecutorial bodies to answer to theft in excess of $800 million (and that's the fraud that the NYAG was able to come after within its jurisdictional control).

Visa has also elected to use USDC (not USDT) in its integration with crypto[.]com

Tether Has Consistently Failed the Biggest "Proof" of Reserves Ever

You want to know what the biggest proof of reserves there is?

Actually redeeming Tether for real fucking dollars.

If they did that, then they could tell this channel, Bitfinexed, and everyone else to shut the hell up and go away; and to some extent, we'd be forced to do so - or at least address the clear dichotomy in the idea that Tether could be handling redemptions and insolvent at the same time.

Nobody Has Ever Went on the Record and Confirmed Successful Redemption of Tethers

At least not since 2017 when Tether lost all of its banking.

But we can speak on hypotheticals all day. If we really want to show that Tether is the fraudulent organization that we all know them to be, then we should provide evidence that they're connected and/or tied to criminal activity of some sort in an undeniable manner.

Crypto Capital Co.

As if Tether's activities weren't bad enough, we've found out that their payment processor (Crypto Capital Co.; by virtue of Giancarlo Devasini's leaked conversation by the NY Feds) was engaged in assisting the Colombian Cartel with laundering hundreds of millions of dollars in drug money.

But that was in another jurisdiction that Tether was in (Poland)

How Bitfinex Sent >$150M to Huobi Secretly During a "Chain Swap"

Tron has been a great go-to for Paolo since he's been on social media.

Unfortunately, its not that great when someone knows how to track down your movements on the blockchain.

https://librehash.org/dissecting-how-bitfinex-covertly-sent-over-150-million-to-huobi-via-chain-swaps/

Harvard Claims They Could Compromise Ethereum 2.0 Entirely For $505

Anyone know if Ethereum addressed this yet?

Link = https://arxiv.org/pdf/2102.02247.pdf

"The attacks are relatively cheap to execute. While the market capitalization of Ethereum is over 55 billion USD as of November 2020, the finality delay attack would cost on the order of 500 USD and the chain reorganization attack would cost on the order of 5 USD."

Do Not Buy NFTs

Took a little while, but the full concept has been digested...

Quick Couple of Tips Before You Rage Over This

1. If you're an artist, ignore this and go make your money however you can - be an honest person about it and be clear about what's going on.

2. If you would like to be a connoisseur of this "artwork", don't. Your artwork is not being stored on the ledger itself.

"Opensea.io" is just a regular website. That's where your "artwork" is at. If that website were to ever go down, then so would your work. In fact, there's no promise on OpenSea's behalf that they'll ensure that their operations remain solvent for at least X number of years... so hopefully they do !

Constraints of the Digital World Make Leveraging Authentic Artwork Impossible

Beyond what was described above, the fundamental nature of digital communication makes it impossible for you to "own" any exclusive artwork in the same way someone owns Mona Lisa.

We know that Leonard da Vinci painted the Mona Lisa. In the art world that is the only legitimate Mona Lisa. Ownership over it is physical, so sole possession is something that can be appreciated.

In the digital world, ownership is not physical, but rather theoretical. Thus, unique artwork (1 of 1) molds will never have any inherent value in the real world.

This makes the 'unique artwork' hustle a complete ponzi scheme at this point because the general public are mostly under the impression that people are buying these pieces like one would purchase art from a gallery. But that couldn't be further from the truth.

NFTs Disappearing

This article by Vice News essentially exposes the entire ponzi that NFTs are (at least if you're using them to purchase unique "artwork" ; protip: don't do that) - https://www.vice.com/en/article/pkdj79/peoples-expensive-nfts-keep-vanishing-this-is-why

Going Over This Article Briefly

1. There's a user named John Doe that buys unique NFT artwork on 'OpenSea' (the premier website that handles most of these auctions). He pays $500, which is a bit expensive - but hey, he loved this artwork!

2. John Doe comes home one day and, to his dismay, when he attempts to access the URL where he believes his unique NFT artwork is stored, he's greeted with a "404".

3. Now John is panicking slightly because he knows that he was never hacked at any point since purchasing the NFT, was he scammed?

This is the sad point in John's story where he'll be forced to come to the realization that the only part where blockchain comes in is to "stamp" a record on the chain with a pointer to a URL within the transaction.

But the actual MIME data (multimedia) is not stored on the blockchain. Instead, its stored on 'OpenSea', which is a regular website - not blockchain.

Everything about how NFTs are constructed is completely theoretical (and fraudulent because this has not been conveyed to the general public). And any entities that are participating in these NFTs to get filthy rich must come to grips with the fact that they're doing so purely at the expensive of others in this blockchain space.

Grayscale Just acquired a Ton of Crypto For Their Trusts


Specifically, they picked up more crypto for:

1. Filecoin

2. Livepeer Token

3. $BAT

4. LINK

5. MANA

6. ZEC

7. XLM

8. LPT