Coin Edition -
- Market intelligence personality suspects money laundering in the ongoing FTX saga.
- Dylan LeClaire discovered Alameda minted 36B USDT and only redeemed about 4B USDT.
- LeClaire noted that most of the redemption happened during the LUNA/UST crash.
Dylan LeClaire, a self-claimed market intelligence personality, suspects a case of money laundering in the ongoing FTX saga. According to LeClaire, Alameda minted 36 billion USDT and only redeemed about 4 billion USDT which is enough to suspect that the entity was “a bank mule for other actors” behind the scenes.
So Alameda minted 36b USDT, and only ever redeemed ~4b USDT, a net figure of 30b+ USDT.So did Alameda wire Tether $30b+ USD? If so, with what money? One possible "good" explanation is that they were a bank mule for other actors.Alternative explanations are… not great.1/4 pic.twitter.com/62AOeJTP9w— Dylan LeClair