saturday plans: netflix & hold, baby.
NFLXx pairs are live on https://t.co/3RatDI0pUT eligible holding profiles earn rewards in NFLXx, funded by trading fees.
sbf got 25 years. mashinsky got 12. pump’s three cofounders are defendants in a rico case right now.
saw a post saying there’s not much chance of pump getting shut down. i see it differently.
mood in the trenches right now is rough. every other thread on my timeline is someone tired of the farms, the bundles, the vamps and the rugs. and the perception of the trenches is: pump and their leadership is supporting them. why? because most of the KOLs they are paying are known for that.
and, alon just posted a table of the top kol callout rewards. the community note under it points to on-chain evidence of one top earner’s linked side wallets buying before his calls and selling shortly after. people are now adding frigging community notes below their posts.
anyway, what our adhs brains in the trenches might have forgotten:
ftx shut down, sbf jailed.
celsius shut down, mashinsky jailed.
bitzlato shut down, anatoly jailed.
trenchers think in seconds. courts think in years.
ftx collapsed nov 2022. sbf sentenced march 2024.
celsius froze withdrawals june 2022. mashinsky sentenced may 2025.
the pump class action was filed jan 2025. on aug 31 a federal judge in new york let rico claims against baton and all three cofounders proceed. wire fraud and unlicensed money transmission as predicates. it’s civil for now.
my bet is it ends the same way for them and the people around them.
acting like it isn’t regulated doesn’t make it unregulated.
and when it goes criminal, the money goes too. sbf was ordered to forfeit $11b. anatoly gave up his claim to $23m in seized crypto.
all the money those made? fugazi, baby.