This was one of the highest volatility days in recent crypto history.
Was I long the BTC breakout?
No.
Did I catch the HYPE news?
No.
But do I have a tactical pool of capital that’s ready to deploy with a clear plan if a new trend forms?
Also no.
The man who co founded the world’s largest stablecoin was arrested by Interpol in a Spanish villa with guns, machetes and child pornography
His name is Brock Pierce
If you’ve ever held USDT, the $140 BILLION stablecoin that settles more daily volume than Visa in some months you’ve used a product he co founded
Brock Pierce was a Disney child actor. He starred in The Mighty Ducks, D2, and First Kid
At 16 he met a 40 year old businessman named Marc Collins Rector
Collins Rector was building Digital Entertainment Network. A pre YouTube streaming platform funded by David Geffen, Microsoft, and Dell
They raised $60 MILLION and were planning a $75 MILLION IPO
At 17 Pierce was VP at a base salary of $250,000
Pierce, Collins Rector, and Collins Rector’s boyfriend lived together in a 12,600 square foot mansion in Encino
The mansion hosted parties attended by Hollywood’s A list: Bryan Singer, David Geffen and Gary Goddard
DEN’s flagship show “Chad’s World” was co-written by Collins Rector, produced by Pierce, and targeted “gay and questioning teen boys”
In October 1999 a young man filed a lawsuit alleging Collins Rector had sexually molested him for three years starting at age 13
The IPO had then collapsed
In July 2000 three more former DEN employees filed a sexual abuse lawsuit naming Pierce, Collins-Rector, and Shackley together alleging rape, assault, drugging of minors and death threats
Collins Rector was indicted for transporting minors across state lines for sex
All three men fled to Spain
Interpol arrested them in Marbella in 2002. Guns, machetes, and child pornography were found in the house
Pierce was released without criminal charges. Collins Rector pleaded guilty to eight counts of child enticement and registered as a sex offender
The civil lawsuits against Pierce were “dismissed and/or settled out of court.”
He settled with at least one plaintiff for $21,600. He has consistently denied all allegations
In 2014 Pierce co-founded Tether originally called Realcoin
Tether became the largest stablecoin in crypto. By 2019 USDT was processing higher daily volume than Bitcoin itself
Tether has never been audited by a Big Four firm. Their first audit attempt with Friedman LLP was abruptly disbanded in 2018 with no explanation
In 2021 Tether settled with the New York Attorney General for $18.5 MILLION over misrepresenting their reserves
The connections kept on growing bigger and bigger.
Pierce founded Blockchain Capital. In that role he helped Jeffrey Epstein become an early investor in Coinbase
He spoke at Epstein’s “Mindshift” conference in 2011 - three years AFTER Epstein had been convicted of soliciting prostitution from a minor
In February 2026 the US Department of Justice released emails from Epstein’s files. One email from Pierce to Epstein read: “a boat in Antigua full of amazing Ukraine’s finest” was waiting for him
The system runs on USDT. USDT was built by Brock Pierce. And Brock Pierce has answered the same questions about the same allegations for a quarter century
Can anyone explain the idea behind "Where will memecoin profits flow next"?
It's a PVP market and these are worthless coins
Every $ made by someone is a dollar lost by someone else isn't it?
As in there is zero gain for crypto as a whole once the pump and dumps are done no?
SBF was hand-in-glove with every major Democrat and all the major crypto regulators. They are all planning on moving forward with his proposed legislation even after it's clear he was a massive scam artist. Yet capitalism will be blamed rather than corporatism, of course.
We've archived @SBF_FTX's tweets over the past year. Due to the recent bankruptcy, and growing concern around his account activity, we've decided to release the list of 118 tracked tweets that have since been deleted after posting.
https://t.co/ts04Mbvv1z
reading Reminisces of a Stock Operator and it's disturbingly relatable
"For years I had been the victim of an unfortunate combination of inexperience, youth, and insufficient capital." same tbh