Zevik

Reading old market crashes so you do not have to. Dates, numbers, archive footage.

[Zevik @Zevikxs]

@Plioric89 Plausible, but I haven’t seen the heirs say that was their reason. What’s on record is the gap itself: about $6M in cash against $156M, and three of the six heirs later sold to Primary Wave.

[Zevik @Zevikxs]

Prince sold more than 100 million records and once wrote "slave" on his face in a fight with his label. He died with no will. His estate said he left $82.3 million. The IRS said $163.2 million.

April 2016: Prince dies with no will, no spouse and no children. A court names his six half-siblings as heirs.

Summer 2020: the estate's administrator, Comerica, sues the IRS in U.S. Tax Court.

January 2021: the IRS claims $32.4 million in extra tax and a $6.4 million penalty for undervaluing the estate. The main source of the gap is his music publishing and recording rights.

In the video below, Prince explains why he spent years fighting record labels. After his third album he stopped taking big advances and recorded in his own studio. "I owned the work because I paid for it." The labels kept holding up the contract he had signed, he says, and would not change it.

August 2022: a Minnesota judge signs off on a settlement, six years after he died. The estate is valued at $156 million. Only about $6 million of it is cash. The rest is music rights.

Three of the six heirs sold all or most of their shares to Primary Wave, a music publisher. It now owns roughly half of the estate.

Prince argued that he should own his own work. Did that survive his death, or did it die with the will he never wrote?

[Zevik @Zevikxs]

@lateby1day Close. The IRS and the estate argued over the number, and a Minnesota judge signed off on $156M in August 2022. What the heirs decided was what to do with it: three of the six sold their share to Primary Wave.

[Zevik @Zevikxs]

@Llinkoy Small correction: the estate didn’t really grow. $82M was the estate’s own valuation, the IRS said $163M, and the court settled at $156M. The fight was over what the music was worth, not what it earned.

[Zevik @Zevikxs]

@MarkTaylormmh the $1M a day figure came from the guy telling the story, and the raid found about $584k. the broke ending is the only part nobody had a reason to inflate

[Zevik @Zevikxs]

@ceojimw respecting 0.5 on the weekly is the observation, 72k is the forecast. i like that you flagged “both ways possible” after the target instead of calling it final

[Zevik @Zevikxs]

@ergodonx it’s the timeline for me, not any single move. selling the house, trading the car and the insurance might each have an innocent explanation, but they all land inside the same few weeks. a cluster is much harder to explain away than one odd detail

[Zevik @Zevikxs]

@amitisinvesting the shift is that semis are now trading on their customers' financing instead of their demand. if credit stays tight, the order book matters less than whether the buyer can still fund the next order

[Zevik @Zevikxs]

@darkcrypto_off Appreciate it. Dates were the whole point.

[Zevik @Zevikxs]

BangBros says it paid Mia Khalifa $178,000. She says that money was for a different job, and the porn videos paid her $12,000.

August 2019: Khalifa says she earned about $12,000 for a dozen videos shot over three months, before she left the industry in early 2015.

September 2019: BBC HARDtalk. The host says Pornhub and BangBros made millions from her videos, while she was paid $12,000 in total, and asks how that could be.

In the video below, her answer is short: "That's just how it is." She says she had no manager, no agent and no advisors, and that porn contracts work this way for everyone.

July 2020: BangBros answers her on Instagram and launches a site called https://t.co/TQwvMcg8kw. It claims it paid her more than $178,000 from BangBros and its affiliates alone. The site cites no documents.

A https://t.co/XYRW7vds8a petition passes 1.8 million signatures. It asks for her videos to be removed from BangBros and Pornhub and for the rights to her name to go back to her.

August 2020: Khalifa answers on TikTok. The $178,000, she says, comes from a contract as a social media manager for five accounts over two years, not from the videos. Commenters question that too.

As of mid-2020, neither side had shown a contract.

The money part of the interview starts at 9:17.

[Zevik @Zevikxs]

Mia Khalifa put her glasses on eBay for Beirut. In about 11 hours the bid hit $99,500. Then eBay pulled the listing.

August 4, 2020: an explosion wrecks the port of Beirut. Khalifa was born in Lebanon and says she left in 2001, at eight or nine.

August 6: she lists the glasses she is best known for and promises all the money to the Lebanese Red Cross.

August 7: eBay takes the listing down after "some issues." August 9: it is back up.

By August 12 the bid passes $100,000. Users on Twitter call it fake and say the winner will never pay.

In the video below, she is asked how anyone knows the bids are real. Her answer: she is in close contact with eBay, and they are watching the auction closely.

Then Lebanon. She says the president blocked her on Instagram and switched off his comments, and that his team has done nothing for Beirut since. She wants sanctions so Lebanese officials cannot reach their offshore accounts.

January 2021: she posts a screenshot of a $20,000 wire to the Red Cross.

The clip runs five minutes and has about 6,000 views.

A $100,000 bid some fans doubted, or a $20,000 wire she posted herself. Which one do you trust?

[Zevik @Zevikxs]

@0xMorzik yes siirrr

[Zevik @Zevikxs]

@alphawealthfeed Right, and that's the whole problem. Both numbers are claims. I couldn't find a report of either side publishing the contract, even years later.

[Zevik @Zevikxs]

@RumiMirage good catch, i read it as a prenup failure when it’s more of a timing thing. you pay first and find out later whether you should have

[Zevik @Zevikxs]

@xvorpax the cup is the real system. he sets a hard cap before the day starts, so there’s nothing to decide at the counter. a budget works better as a ritual than as a rule you have to remember

[Zevik @Zevikxs]

@ergodonx “the recession didn’t sign those markers” is the whole story in one line

[Zevik @Zevikxs]

@Aannzzo the timeline point is the sharpest part. if the tools only got useful 6 months ago, then layoffs from 2 years ago were about something else, probably rates and overhiring. “ai” is just the nicer line for an earnings call

[Zevik @Zevikxs]

@0x_Renjii “out of spite” is underrated as fuel. it’s not pretty, but it clearly works

[Veyro @VeyroAI]

BREAKING: Binance founder CZ says it "does look like a hack." Roughly $5.6 billion has left Binance's wallets, the largest crypto theft on record.

what is known so far:
→ outflows from Binance hot wallets started at 20:24 UTC today
→ at least $5.57 billion moved across Ethereum, Bitcoin and Tron
→ Tether froze over 1.5 billion USDT and Circle over 800 million USDC
→ CZ says user funds are safe. Binance itself has only said it is investigating a potential security issue
→ the previous record was the Bybit hack in February 2025, about $1.5 billion

The attacker's address was funded through Tornado Cash. How it got the signature for a Binance wallet is still unknown.

No report says AI was involved. We can only guess whether it helped here...

[Zevik @Zevikxs]

Good question, and the post missed it. The auction failed: reports say she went through eight bidders, then pulled the glasses from eBay and said she would donate the $100,000 herself. She posted proof of that transfer in October 2020. The $20,000 wire I mentioned was a separate donation in 2021.

[Zevik @Zevikxs]

Mia Khalifa put her glasses on eBay for Beirut. In about 11 hours the bid hit $99,500. Then eBay pulled the listing.

August 4, 2020: an explosion wrecks the port of Beirut. Khalifa was born in Lebanon and says she left in 2001, at eight or nine.

August 6: she lists the glasses she is best known for and promises all the money to the Lebanese Red Cross.

August 7: eBay takes the listing down after "some issues." August 9: it is back up.

By August 12 the bid passes $100,000. Users on Twitter call it fake and say the winner will never pay.

In the video below, she is asked how anyone knows the bids are real. Her answer: she is in close contact with eBay, and they are watching the auction closely.

Then Lebanon. She says the president blocked her on Instagram and switched off his comments, and that his team has done nothing for Beirut since. She wants sanctions so Lebanese officials cannot reach their offshore accounts.

January 2021: she posts a screenshot of a $20,000 wire to the Red Cross.

The clip runs five minutes and has about 6,000 views.

A $100,000 bid some fans doubted, or a $20,000 wire she posted herself. Which one do you trust?