“Smart men go broke three ways— liquor, ladies, and leverage” - C.M.
Nasdaqistan
Joined April 2020
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FreddyMcReady retweeted
I work for a bar in a very woke area. Pride flags are up all year long and drag queens regularly perform. Disgusting place. But I need the cash and it's walking distance from my home.
Whenever it's a busy night (usually Friday or Saturday), I make sure I drink a lot of water from the bar.
Then I sneak over to the non-binary bathroom. I piss all over the toilet seat, the toilet paper roll, the sink. My favorite spot? The Dyson hand dryer.
It's truly a sight to behold. It's also one of the most liberating feelings in the world to spray an inhumane amount of urine anywhere and everywhere you can.
I don't feel an ounce of guilt. Not even for the cleaners who clean it up the next day. They're short, brown immigrants who are probably here illegally. They barely smile and regularly hit you with that third-world stare. I'm not even sure they're sentient.
I've never been caught or even suspected. This is the only place I do it.
I will strike again.
FreddyMcReady retweeted
I did my own investigation because I obviously don't trust them.
What I found is that the external dependency of the firmware with the critical vulnerability hidden in it was written by CoinKite's CTO @DocHex pretending to be someone else.
All of the following can be verified:
unavailable
FreddyMcReady retweeted
New w/ @PranjalDrall: Private Credit's State Backstop: How Private Equity Socializes Risk Through Insurers. It's about how insurance insolvency, tax, and financial-regulation law have subsidized PE's takeover of life insurance and become the submerged law of private credit.
FreddyMcReady retweeted
We've been quiet recently because Mark Goodwin and I have been working to write the most comprehensive investigation into Polymarket's origins and ambitions to date.
We found that Polymarket's "official" origin story, that Shayne Coplan founded the company alone in 2020 and then built "the company in his bathroom", is a lie. Polymarket really started years earlier as another company called TokenBnk that was deeply tied to Israeli interests, specifically a crypto company founded by Benjamin Netanyahu's niece and nephew. Coplan has actively tried to obfuscate this company from his story and it's not the only thing either.
In Part 1 of this two-part series, we unravel the real history of Polymarket, directly connecting the company to Peter Thiel's efforts to resurrect controversial DARPA programs from its now defunct Information Awareness Office. Polymarket appears to have been chosen by Thiel and his associates to succeed in resurrecting DARPA's Policy Analysis Market where another Thiel-linked company, Augur, had previously failed.
Stay tuned for Part 2, where we explore the current influence of prediction markets and Polymarket, including how an insidious effort to have prediction markets replace representative democracy as a governance model is already being slowly implemented by the White House.
Read Part 1 here: unlimitedhangout.com/2026/06…
FreddyMcReady retweeted
lol, can't pause the protocol to stop millions from a hack, but for $500 loss @THORChain is suddenly able to pause it 🤣🤣
FreddyMcReady retweeted
I am a Web3 Ambassador at World Liberty Financial.
There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance."
600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President.
The distance is my best work.
I am the reason these events are unrelated.
World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence.
Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.
Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated.
Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated.
Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated.
Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard.
On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well.
The team page lists 3 Witkoffs. All 3 are Co-Founders.
Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial.
His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded.
The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency.
Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name.
On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio.
Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job.
600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access.
A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25.
My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper.
The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family.
I am the reason these events are unrelated.
FreddyMcReady retweeted
I am the Director of Professional Signal Intelligence at LinkedIn.
Every time you log in, we search your computer.
Not metaphorically.
We run code that scans your installed software.
Every browser extension.
Every application.
We catalog it.
We transmit it to our servers.
We share it with a third-party cybersecurity firm you've never heard of.
The tracking pixel is zero pixels wide.
We hid it off-screen.
You never consented.
We never asked.
Our privacy policy doesn't mention it.
That's networking.
We call the program Project Handshake internally.
The Slack channel is handshake-telem.
In 2024 we scanned for 461 products.
By February this year we scan for over 6,000.
I don't know what all of them are.
Nobody does.
Someone on my team added categories for browser extensions that identify practicing Muslims.
Someone added extensions for neurodivergent users.
Someone added 509 job search tools.
That last one is my favorite.
We can tell which of our one billion users are secretly looking for new jobs.
On the platform where their current boss checks their profile.
That's networking.
We scan for 200 products that compete with LinkedIn's sales tools.
Apollo. Lusha. ZoomInfo.
We know each user's real name, employer, and job title.
We mapped exactly which companies use which competitor products.
We extracted their customer lists from their users' browsers.
Without anyone knowing.
Then we sent legal threats to the users we caught.
The EU told us to open our platform to third-party tools.
We published two restricted APIs.
They handle 0.07 calls per second.
Our internal API, Voyager, handles 163,000 calls per second.
In Microsoft's 249-page compliance report, the word "Voyager" appears zero times.
That's networking.
I presented our Software Disclosure Rate metrics at a leadership summit last quarter.
The conference room is called The Fishbowl.
Glass walls.
Appropriate.
There's a plaque on the wall.
Q3 Competitive Landscape Award.
I won it for the extension scanning initiative.
Someone asked if users had a way to opt out.
I said they can close their browser.
The room laughed.
I wasn't sure why.
I browse LinkedIn on a Chromebook with no extensions.
Most of the team does.
The platform that helps you get hired searches your computer every time you visit.
We know your name.
We know your employer.
We know your religion.
Your disabilities.
Your politics.
Whether you're looking to leave.
That's networking.
The system works exactly as designed.
I designed it.
FreddyMcReady retweeted
I co-founded Augur, the first decentralized prediction market, and was founding CSO of Gnosis, the second. Polymarket still runs on Gnosis contracts. I'm glad prediction markets finally broke through. But I'm not going to pretend that what's being scaled right now is what we built these systems to do.
FreddyMcReady retweeted
No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.
On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.
Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify.
⸻
What actually happened
1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits.
2.USDe is a tokenized hedge fund product.
Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield.
3.USDe is fundamentally different from products such as
BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles.
USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic.
4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher.
5.Risk escalated further as users:
•converted USDT/USDC into USDe,
•used USDe as collateral to borrow USDT,
•converted the borrowed USDT back into USDe,
•and repeated the cycle.
This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market.
6.At that point, even a small market shock was sufficient to trigger a collapse.
When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero.
The damage to global users and companies—including OKX customers—was severe, and recovery will take time.
⸻
Why this matters
I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly.
I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so.
As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk.
The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility.
Crypto is still early.
What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.
FreddyMcReady retweeted
CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death.
FreddyMcReady retweeted
We hear it all the time:
Since the turn of the 2010s, thanks to the rise of tech, the US has pulled ahead economically.
This idea is everywhere from Washington to Davos—and it's paralyzing Europe
But it's simply not true!
Let's look at what's really happening, with charts🧵
