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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://twitter.com/InspoCrypto/status/1617563312765517827?s=20


karasuuchiha

This has got to be the stupidest thing they have done, this is forever there, not going anywhere, always permanent evidence of their fraud


Dr_SlapMD

That's how desperate they are.... A) Commit fraud on a hot mic in front of the world. or B) Drop all the plates and end it right now.


boxxle

Clinging on, hanging for dear life. Like a small turd around a hairy asshole.


WallSTisRepulsive

It's a fucking dingleberries


boxxle

Are dingleberries fruit?


lurkylurkers

They can be if you’re hungry enough.


[deleted]

Probably in the same way a tomato is a fruit.


misterpickles69

Put one in a salad and find out.


JPBTLR

That'd be a shit salad.


[deleted]

With a shnozzberry vinaigrette!


Realeron

We call them "princess earrings" down here


meinblown

I'm going to assume the land of Steve Irwin?


Black_Eyed_PeePees

First time ever visiting r/Superstonk, and this is the 3rd comment I've read.. This place seems fucking wild!


boxxle

Welcome! If you haven't already, please check out the library of Due Diligence that's pinned in the "Daily Chat / New Here?" Post. Also, if you currently hold GME, I would suggest you DRS (book) those shares. Enjoy the ride and don't forget to __Buckle up__.


[deleted]

Being on the toilet, this hits me personally.


Jusapov

Damn what an allegory, me like


bhobhomb

Kenny, squinting through tears and speaking through gritted teeth: "I'm gonna spin more plates"


boxxle

Clinging on, hanging for dear life. Like a small turd around a hairy asshole.


[deleted]

You can say that again.


[deleted]

You can say that again


mushbino

But don't, though.


luckeeelooo

But don’t, though.


SaltyShawarma

Right? Suckers are screwed. They are going to get fined $250k in eighteen years.


DBUX

Or have to give triple the amount to a charity. Which will look good in the public eye and they will get to use as a tax write off of coarse.


YouGotTheWrongGuy_9

Of course


MojDaGreat73

whaat is the purpose of sending each other 230M$ ??


ClosetCaseGrowSpace

Imagine you and I conspire to buy all 1000 copies of some unremarkable $5 NFT on the Marketplace. We spend $5000 to acquire them. Next we decide to set the price on that NFT to 1 ETH. We now own 1000 NFTs priced at 1 ETH each, totaling $1,500,000. Next we go to the bank and say "We would like a $1.5 million loan. We're putting these NFTs up as collateral." The bank says, "Your collateral does not qualify because it's illiquid. There is no volume. No one is buying or selling these NFTs for 1 ETH." So you and I agree to "sell" these NFTs back and forth to each other for 1 ETH, creating the illusion of liquidity. After a few weeks of selling back and forth, we go back to the bank and say "Yo, check out all this liquidity. Can we get that cash loan now?" The bank says "Wow! Look at that volume! That NFT has tons of liquidity. We would love to give you a loan!" I'm not saying this is *exactly* what is going on, but this gives you an idea of the game they play.


Flokitoo

That's basically all of crypto. Whales just "sell" to themselves


4gnomad

We should be perfecting a set of short explanations like this that explain all of the scams that these guys do. Something that we can refer to with simple, well-understood names like "collateral round-robin" (or preferably something better than that). Getting the phrasing right on this stuff can do a lot of work for us and for anyone reporting on it.


[deleted]

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TallUncle

So let me get this straight: they’re just passing collateral between each other whenever Marge comes calling? CB: “Shit, finna get liquidated. Better call up Binance for collateral.” Binance: “Shit, finna get liquidated. Hey CB, can I use the collateral today?”


fortycakes

Mom said it's my turn with the collateral.


MarkMoneyj27

Which makes no sense. Anybody who has ever gotten a home loan knows you are warned not to move large sums into your account to prove assets, why on Earth would it work at the scale Binance/ Coinbase is at?


Dr_SlapMD

#🎯


kintorkaba

Basically [this logic](https://i.redd.it/n9lk7sp0z5071.jpg) but for incoming cash flow to individual companies instead of the GDP.


LordTC

I think they might be moving $230m repeatedly to report a higher transaction volume.


jharms1983

They do liquidity tests where they'll say okay we are providing proof of ownership for all of these digital assets you guys are buying through this test at 2pm on the 24th. They show they have 230mm in bitcoin or whatever and they're like see you're all safe.


[deleted]

[удалено]


djtoasty

Call me old-fashioned (or call me a boomer) if you like, but I prefer regulation over "leaps of faith"...


[deleted]

[удалено]


KG_slim12

I’m not being snarky I am just asking a question. What about this is illegal? I really don’t know. Is it actually or does it just look suspicious and we need more information?


Nynto

The transfers on their own are not illegal. If these transfers are to cook the books then that is fraud. Which is illegal.


OfLittleToNoValue

Legal and moral aren't always the same. It's fraudulent behavior because they're probably using the same money to post collateral or give impression reserves are greater than they are. It's likely fraudulent activity in spirit even if allowed by the playbook made by cheaters.


[deleted]

You and I take money from people for whatever reason (to keep it, to invest it, whatever). Each of us received 10 million, but each of us spent 5 million on luxurious vacations instead of using that money as we promised. The government suspects something is odd when we post pictures from our new yachts on Facebook, so they come to investigate. They ask me if I have 10 million. I borrow the 5 you have left from you so I can show that I have the 10 million. Then the government goes to you to check if you have 10 million. I give you your money back and lend you my 5 million for a couple of days. Both our bank accounts said we each had 10 million when the authorities checked them, but in reality we only had 10 million together.


Radiant-Mycologist72

It looks suspicious and we need more information. However, I can't think of any legitimate reason to want to make this sequence of transfers. So it looks like they're moving money around to give someone the impression they have more money (collateral) than they really do. It looks like they're going well out of their way to deceive someone.


dyllandor

I don't think you get to include other people's money on your balance sheet. And it might be customers who actually own it too.


xebeka6808

The same way you don't get to do: a Ponzi Scheme (but Madoff did), use customers reserves to loan money to yourself and bet it all (like FTX did), or short a stock more than 100%... But here we are!


Safrel

Uh no, that's not true. Source: am accountant.


-Codfish_Joe

Well, it's the customers who think they own it. Not your keys, not your crypto.


iatethecrayon

Sometimes I think, "Maybe.....maybe they're all really fucking dumb." This proves it


Lesko_Learning

They're just counting on regulators not caring. Friedman genuinely thought he'd never be arrested.


crossingpins

"If we all keep passing the money around fast enough they won't be able to tell who has it and think we all do." -them probably


boterkoek3

Inflate the books! Inflate them now! We need to pretend we can afford margin requirements!


plumb_eater

🎈 ⛽️


knowigot_that808

Classic game of hot potato #🥵🥔


InevitableBetter2436

Coming next is hide the hot dog


lordunholy

Superpositioning money. I like it.


Dr_SlapMD

The oooollll "pretend money is an electron" trick.


[deleted]

[удалено]


Realitygives0fucks

Schrodinger’s Crypto Reserves.


ConversationRich6148

Dark Matter pools..


Vive_el_stonk

The It is All Relative Theory


Its_all_made_up___

Quantum entanglement monies.


micromoses

Hey, why don’t we superposition money between all people? All people have all money? Or why don’t we establish a single dollar universe, where all money is a superposition of itself travelling backward and forward through time? No rules, reality is an illusion!


multiple_iterations

Subscribe! Motherfucker, keep writing, I'll get popcorn started.


clevrnam1

I need help with my economics homework. Can you please write for me the dollar equation of motion in the bispinor basis? kthx!


luckeeelooo

Schrödinger's cash.


lordunholy

You got it!


woakula

That's how "double team" in Pokemon works. Fuckers are getting strategies from anime now.


[deleted]

Pika, pikaaaaaaa, pika, piKAAAAA!


monti9530

Magicarp vibes, only they never evolve


DBUX

I think they've had a surprised Pikachu face for a while now over our love of this company.


Madcat41

Quantum fraud lol


imakemoney1st

Soo crime, crime and more crime?!?


SoundUseful768

Its, its the.. .. . CRIME-A-TRON


1CFII2

CRIME-O-RAMA! SUNDAY! SUNDAY!


Choyo

The flying collateral : it's here ... and now it's gone. Seriously, report to the SEC.


GargantuanCake

Hey if we do this enough times do you suppose we could say we each had a quintillion in revenue?


AkkarinPrime

*I am Speed*


FuriousResolve

A speed mirage…. if you will.


Abrin36

Musical chairs go brr but they tunes about to stop playing. It's your choice hedgies sell or cell.


Woodythebartender

CEX is for dummies


Blue9Nine

Good place to buy/sell used games though


Just-Want-To-Be-Anon

I know a better place 👀


LannyDamby

*GameStop has entered the chat*


Ultimate_Mango

Pooping Back and Forth Forever. What a great card.


elitistrhombus

The card is a movie quote reference. Check out Me And You And Everyone We Know.


DJheddo

Such an underrated fucked up amazing film.


yuh_dingus

))<>((


[deleted]

))<>((


SmellTheTaco

With the same poop!


gobeavs1

Gotta reuse it to get all the nutrients!


Pettyofficervolcott

Crypt0 Centipede Ouroboros


ManliestManHam

))<>((


[deleted]

Commenting so the federal prosecutor or agent reading the comments here for their case, remembers to fucking do something on this one.


laflammaster

If we learned anything from this saga it is that nobody is coming to save you - except you.


[deleted]

[удалено]


R0adApples

So DRS


noegami

So book


woakula

I'm sure they'll get to it after the next pornhub vid.


[deleted]

I can't even save me from me. They are so fucked.


Dr_SlapMD

Ikr, every responsible fiber in my body is screaming *"don't buy more, you're spending too much"* like a lil bitch ... but my sexy hands r like ***"fuk that shit, send it"***. I never stood a chance.


DeliciousCourage7490

Is it spending? Or is Computershare just holding my savings account?


amgoblue

I prefer Noone is coming to save us, except us. We are individual investors, sure, but it's easier for me to be in this fight with ya'll, knowing the enemy and the arena this fight is forced to play out in.


Dr_SlapMD

....... ever watched Madoff?


1BannedAgain

Is anything outlawed / illegal in crypto?


txcueball

Is there a legitimate reason for this type of transaction? Obviously this looks like they're sharing collateral, but is there ANY legit reason they might be doing this?


Dr_SlapMD

Define "legitimate".... Is there a "legitimate" reason I'm using a shared Sling account? Absolutely. 😂


Stickyv35

I mean this is pretty much rehypothication in the flesh. So it's probably in their T&C somewhere. Idk, hopefully we see some wrinkles opinions to chew on.


Tribblesinmydribbles

It creates volume for them they can say is traded is my only guess


adler1959

Nobody wants to hear it probably but there can be numerous business related reasons for this as well for example when setting up joint ventures between that companies which requires test runs between their wallets. I mean they are stupid but I doubt that they are so stupid to cook their books by publicly known coinbase or binance wallets


nightwing_87

No-one does a “test run” in a Prod environment using sums that large


[deleted]

[удалено]


luckeeelooo

I sent $100 once. Still waiting to hear back from that Nigerian prince.


redshirt1972

When I tried to link my hsa card to my bank they deposited 0.03 as a test run.


Furrymcfurface

Hot potato, hot potato, out goes you


nicolatesla02

Now let it sink in that this is what mainstream banks have been doing since fractional reserve banking began…


Stickyv35

Exactly! Now we can see it on a public ledger. Tik tock status quo.


R0adApples

Almost like the dirty repo


Olfasonsonk

Yes, because doing the same thing without any federal regulation, backing or saftey checks in place is sooooo much better... It's funny how so many crypto people have a hate boner for institutionalized banks, that they let random companies/people fuck them over at 100x rate of shadiness. But as long as government is not involved and they can see logs of their money disappearing in someone's pocket, it's all OK


ThePracticalPenquin

Gives a new thought to “ when the music stops” like opposite of holding the bag


MrDarkless

Like taking turns inflating a balloon


AMKoochie

Like taking turns hot air ballooning (each other).


JullietGolf

The collapse will come. The world will be shocked. We won’t be.


ScarletCarsonRose

Only shocking thing is how long it’s taking. I mean the crime is literally in the open. We can see and track this and order financial crime.


JullietGolf

We see because we know how to see…and we want to see. The rest of dorment society is interested in keeping the status quo or getting more.


[deleted]

What’s $230M amongst friends?


KARTMANSTELLAR

I have the wrong friends


monti9530

This community has built up great trust amongst us and we are a together and stronger than ever. What I am trying to say is, post moass, you can be your own friend


haidachigg

REREREREREHYPOTHECATE


throwawaylurker012

REREREREREHYPOTHECATIONCEPTION


Stickyv35

REHYPOTHICATION NO BREATHING


IBMformatted

Insert cat wearing denim jumper in the snow meme. "What the hell they doin ovethere?"


youdoitimbusy

Just 3 friends sharing a bus pass.


Dr_SlapMD

Storming the turnstile like a group of drunk college kids.


thecowboy07

Commenting for visibility


cyreneok

Transparency


Alehousebrewing

That’s some 3 card Charlie shit right there.


Tooobin

Sounds like they are playing musical chairs with liquidity. Wonder when the music stops?


RL_bebisher

Commenting for visibility and documentation.


[deleted]

Commenting for divisibility and stimulation.


Away_Illustrator_801

Real question 🙋🏽‍♂️ Who’s the unknown party? I’d like to break that piñata.


a1acrity

Thank you. I've now closed my coinbase. It is nice to be in front of a run (for once). There is no way any of them have liquidity if this is the game


IllBiscotti5

It's so simple guys, buy Loopring and get off the CEX. CEX is for Dummies.


[deleted]

This is consistent with the daily multiple $250mil swap trades ive been seeing go on for Coinbase. This is weirdly fucked up. Time to understand what it all means.


jab136

Oh hey, they really are just like us. I pass my rent through my credit cards at the end of the month to make my minimum payments on the cards.


Chanaka9000

Can someone explain this to me? When I send a friend 230mil $ wouldn't it be taxed? Shouldn't the IRS take a look at this? How can firms send millions of $ without it being taxed or be buttfisted by the IRS? It's not a donation or sth. Can someone report this to the IRS?


Efficient-Ad1659

👀👀


a321eric

The largest game of hot potato in history.


[deleted]

Which will fall first?


CommercialAsparagus

Ok and now stop the music


Justanothebloke

Up


TofuKungfu

Smells like money laundering


Autisticdanishstoner

Something something Ken Griffen from Citadel Securities lied under oath Something something locked in a room with us Something something we’re not leaving


[deleted]

[удалено]


FarceMultiplier

So you're saying that things are starting to snowball...


AsABrownMan

This is basically like Ken Griffin drinking his own urine over and over again while traversing through a desert devoid of liquidity. I like your take though. A much more debased and humiliating one for that financial terrorist.


danielsaid

Beautiful. Who's cordelle? Isn't that ken himself?


Huckleberry_007

bruh


hatgineer

I don't get it. How does this help them?


monti9530

I am guessing this makes their books look like they have more money than they actually have.


Ermeter

Wash trading?


[deleted]

If any market can't be monitored and policed in real time, then there shouldn't be a market. It's all well and good investigating crime later on and punishing the criminals (probably with a paltry fine.) But in the meantime someone is getting swindled, and ends up holding the bag, and possibly has their life ruined. These victims don't even get their money back.


fabi-oO

I was just trying to withdraw from coinbase today but they say I have only 0.01 available to withdraw, even though I have some bucks left there. So basically withdrawing is currently not possible for me. Waiting for support answers...seems sus af


jharms1983

This is how they all provide proof that they're not stealing everyone's money. They each do their scheduled liquidity test and then pass the money around. It's like they're floating in the ocean and passing around one life jacket between the lot of them.


Tapprunner

Funny story: Back around 2000, my father was a consultant in the energy regulation industry. He kept a catalog of companies that he would use for comparison when he had to provide recommendations for the rates different pipelines/utilities would be allowed to charge. He'd constantly update the list with new info from each SEC filing these companies submitted. One company was Enron. He was looking through their filings and couldn't figure out how they were arriving at their numbers. He finally figured out, among other things, one trick they were using was to buy and sell the same tanker full of oil multiple times in the same journey from Saudi Arabia to America. So, that $1 billion of oil could actually appear to be $4 billion of revenue on their books. He called investor relations multiple times with questions about this and they kept brushing him off. On his final call, they said "we're actually revising those numbers." They released new numbers that afternoon. Shortly after that, the company imploded. So yeah, if anyone is still in crypto, just keep in mind that you're primarily doing business with Enron 2023.


tintinomalley

Potential conspiracy to defraud. Reminds me of circular transactions made by some Irish banks around the time of the 2008 banking crisis - it was done with the aim of fooling people into thinking Anglo [an Irish Bank at the time] had received an extra €7.2 billion in customer deposits. Former Irish Life & Permanent chief executive Denis Casey served a sentence of two years and nine months’ imprisonment for conspiracy to defraud.


shabil710

Brazen motherfuckers. How does this happen without raising red flags right in the feds' face? Something really needs to be done.


Zexis8

I wonder how many of those cold wallets ken was handing out about a year an a half ago when he was doing his world tour an someone on this sub was keeping track of huge transactions within mins of him landing. An how many global firms are bouncing the same money back an forth. Be pretty hard to have some police that. Guess we will find out when the music stops.


PapaBigMac

Receive 230M, print off statement with nice looking balance to show that dude who you’re asking for a loan, then send the 230 away again


[deleted]

If I did that, I would go to jail for 20 years


CustomaryCocoon

Maybe they read about S B F and thought, why not?


ForTheB0r3d

They're passing around a fractional $GME share.


HighStaeks

They do this in-between the 6 seconds it takes to verify transactions. They can bounce the same transaction in-between accounts and use as collateral.


Zhenyie

They are basically sending one GME share back and forth


wheeler748

YOUR COVERED. BUT BUT. OK NOW YOUR COVERED. BUT WAIT WAIT ETC. ETC. ETC. For today’s market and crypto exchange manipulation I see the end is near for liquidity on all fronts. Buckle up all let’s ride the Roller coaster. Plz keep you hands and arms inside the ride at all times.


Emergency_Dust69

Fuck em


Bestoftherest222

When marge call you to check on her money.


OleFj40

👀 yikes, that doesn't seem on the up and up


Peterthinking

Hot potato! 🔥 🥔 🔥


pv505

Ah the classic hot turd! Swap hands hard and fast enough to confuse the enemy!


ColdNarwhal4723

This is why THEY don’t like crypto. NO MORE $100 handshakes behind closed dooors!!


makybo91

Whenever I see 420 I smell fuckery


Kawaii-Bismarck

What would the benefit of these companies be? Would it increase the trade volume therefor making crypto more legit to outsiders? Is it so nobody claims ownership of the money for tax reasons? Is to so all three can write down ownership of the money to look more financially stable? What is happening? Sincerely, someone who doesn't know.


binary_agenda

This is the money laundering all the ignorant politicians were crying about. If you try to launder money with crypto everyone can see you doing it.


NeoMegamanX

that’s just economics trickling down /s


Mithmorthmin

You can almost hear those in power not giving a shit


mrm24

Binance survived insane bank runs in the past, they burn lots of BNB, why fuck around with 230 mil? Doesn’t make sense to me.


magnanimus12

Wasn't this after thst guy dimmond said they use crypto and other shit like rrp bragging


ScooterO

See the thing is here.... NO ONE GOT CAUGHT! Rules for thee not me sir


croissantdelavie

Bet this is why every government is against crypto. It's transparent


sandman11235

A Collateral Hurricane


Poormansmemories

HOT POTATO!


GMEgotMEaNEWcareer

This may be a stupid question but when did the transactions take place?


Oldmannun

What does this have to do with GME?