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#uniswap

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⚯ Michel de Cryptadamus ⚯

@neurovagrant "defi" is the third leg of the crypto money laundering machine though i think most people understand how that part works less well than how the mixers and bridges work for laundering. you definitely need to have a basic understanding of what "defi" is.

tl;dr it's just financial machinery governed by smart contracts. 99% of it consists of either lending operations (e.g. Sky/Oasis FKA MakerDAO) or automated market makers ("AMMs" - mostly #Uniswap, which is what i get into in the substack post i just linked in some detail).

the lending operations are the ones most often hit by exploits of bugs in their smart contract code. both are used to launder stolen money, albeit in different ways.

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⚯ Michel de Cryptadamus ⚯

A handy list of large crypto donors to Trump’s inauguration fund, which is basically an unregulated pot of money the president can do whatever he wants with. A few translations are in order:

* Circle = world’s 2nd largest stablecoin after Tether (USDC), closely linked to #Coinbase
* Foris Dax = Crypto[.]Com
* Fred Ehrsam = #Paradigm (and co-founder of Coinbase)
* #Payward = #Kraken
* #KyleSamani = #MulticoinCapital
* #HaydenAdams = #Uniswap (more on Uniswap: cryptadamus.substack.com/p/of-)
* Charles Cascarilla = #Paxos, the stablecoin issuer behind the #Binance stablecoin #BUSD that was summarily executed by regulators for #moneylaundering
* Yuga Labs = #BoredApeYachtClub (the infamous monkey JPGs)

Table of Trump's biggest inaugural crypto donors, totaling $18 million.
#NFTs#corruption#crypto
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⚯ Michel de Cryptadamus ⚯

No less than 76 #Democrats just voted with Republicans to overturn the #IRS's "defi broker rule" which would have required crypto firms like #MarcAndreessen's #Uniswap to collect information on their users and in so doing discourage the use of these platforms for #moneylaundering by criminals and rogue nuclear states (#NorthKorea *loves* Uniswap) and by the very wealthy to avoid paying #taxes.

The new wave of #memecoin scams like #TrumpCoin are also all facilitated/perpetrated by these decentralized trading platforms.

If any of these people are your representative you should do what you can to make sure they are primaried because they are not representing your interests. At a minimum call them and yell at them (this works better than most people think!)

The corruption of the US government by #crypto bros is extremely bipartisan.

* Full roll call of vote: clerk.house.gov/Votes/202571

RS REPRESENTATIVE PARTY STATE VOTE Aguilar Democratic California YEA Amo Democratic Rhode Island YEA Ansari Democratic Arizona YEA Auchincloss Democratic Massachusetts YEA Boyle (PA) Democratic Pennsylvania YEA Budzinski Democratic Illinois YEA Bynum Democratic Oregon YEA Carbajal Democratic California YEA Correa Democratic California YEA Costa Democratic California YEA Craig Democratic Minnesota YEA Cuellar Democratic Texas YEA Davis (NG) Democratic North Carolina YEA Elfreth Democratic Maryland YEA Espaillat Democratic New York YEA Fields Democratic Louisiana YEA Figures Democratic Alabama YEA Frankel. Lois Democratic Florida YEA Friedman Democratic California YEA Garcia (CA) Democratic California YEA Gillen Democratic New York YEA Goldman (NY) Democratic New York YEA Gomez Democratic California YEA Goodlander Democratic New Hampshire YEA Gottheimer Democratic New Jersey YEA Gray Democratic California YEA Harder (CA) Democratic California YEA Horsford Democratic Nevada YEA Jackson (IL) Democratic Hinois YEA Johnson (TX) Democratic Texas YEA Kamlager-Dove Democratic California YEA Kennedy (NY) Democratic New York YEA Khanna Democratic California YEA Krishnamoorthi Democratic Illinois YEA Landsman Democratic Ohio YEA Latimer Democratic New York YEA Lee (NV) Democratic Nevada YEA
Latimer Democratic New York YEA Lee (NV) Democratic Nevada YEA Levin Democratic California YEA Liccardo Democratic California YEA Lieu Democratic California YEA Mannion Democratic New York YEA McBath Democratic Georgia YEA McBride Democratic Delaware YEA McClain Delaney, Democratic Maryland YEA McDonald Rivet Democratic Michigan YEA Meeks Democratic New York YEA Menendez Democratic New Jersey YEA Moskowitz Democratic Florida YEA Olszewski Democratic Maryland YEA Panetta Democratic California YEA Pappas Democratic New Hampshire YEA Pettersen Democratic Colorado YEA Pou Democratic New Jersey YEA Riley_(NY) Democratic New York YEA Ruiz Democratic California YEA Ryan Democratic New York YEA Schneider Democratic llinois YEA Scholten Democratic Michigan YEA Sherrill Democratic New Jersey YEA Simon Democratic California YEA Sorensen Democratic llinois YEA Soto Democratic Florida YEA Stanton Democratic Arizona YEA Stevens Democratic Michigan YEA Strickland Democratic Washington YEA Subramanyam Democratic Virginia YEA Suozzi Democratic New York YEA Swalwell Democratic California YEA Sykes Democratic Ohio YEA Thanedar Democratic Michigan YEA Torres (NY) Democratic New York YEA Tran Democratic California YEA Vasquez Democratic New Mexico YEA Veasey Democratic Texas YEA Vindman Democratic Virginia YEA Whitesides Democratic California YEA
#uspol#defi#DOGE
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⚯ Michel de Cryptadamus ⚯

this is what it looks like when #NorthKorea launders stolen crypto (through services created or funded by Trump friendly broligarchs like #MarcAndreessen).

#LazarusGroup is hands down best in class at this. They have no serious competition. Iranian and Russian crypto launderers are rank amateurs in comparison.

#Elliptic's overview of how the steps of this process work these days is pretty good.
elliptic.co/blog/bybit-hack-la

tree chart showing explosion of nodes out from the original theft wallet
#bybit#crypto#DPRK
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⚯ Michel de Cryptadamus ⚯

#TheCryptocalypseChronicles: Of Tech Bros And Trumpers

The reason so many Silicon Valley billionaires suddenly decided to back #DonaldTrump is not the mystery the media is making it out to be.

tl;dr The billionaires backing #Trump are crypto bros and they want to continue profiting from committing various kinds of crimes.

This is a "follow the money" deep dive into how some of these bros profit by investing in companies like #Uniswap that create excellent tools for #NorthKorea to launder stolen money with a passing explanation of how #Coinbase facilitates the overall system.

Ω👇Ω
cryptadamus.substack.com/p/of-

#a16z#MarcAndreessen#SequoiaCapital
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