it's looking increasingly possible that the implosion of a random auto parts company could lead to a full blown financial crisis.

billions of dollars is apparently just straight up missing. multiple companies that are getting hit in the fallout are crypto players, including #HowardLutnick's #CantorFitzgerald and #crypto bank #WesternAllianceBank (#WAL) which is part of #TassatPay.

* https://x.com/junkbondanalyst/status/1976104317783589268
* https://x.com/junkbondanalyst/status/1976258844956426635

cc @GhostOnTheHalfShell

#Tether, theoretically one of the most profitable companies in the world whose money is/was managed by #HowardLutnick, has had one of its subsidiaries' power cut by the government of #Uruguay for almost three months now because of an unpaid bill of $5 million.

https://www.busqueda.com.uy/economia/ute-corto-el-suministro-tether-uno-sus-principales-clientes-una-deuda-casi-us-5-millones-n5404479

Samsung Securities has signed a strategic MOU with Cantor Fitzgerald in New York, expanding their partnership beyond US stock brokerage to include capital raising, digital finance, and research, aiming to deliver innovative global financial solutions.
#YonhapInfomax #SamsungSecurities #CantorFitzgerald #MOU #GlobalExpansion #FinancialServices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80803

A Senate Probe is focused on whether Trump’s #CommerceSecretary #HowardLutnick the ARCHITECT of the #tariff scheme violated insider trading laws and other securities violations along with his sons who run the family business #CantorFitzgerald are profiting from tariff refund youtu.be/nvG8UmQwJMI?...

Trump Official BUSTED In OWN T...

THE HARROD REPORT >>> CRYPTO NEWSWIRE: #CantorFitzgerald Launches Gold-Protected Bitcoin Fund

https://x.com/GetTheDailyDirt/status/1929281942110851337

Cantor Fitzgerald #Asse Management has unveiled plans to launch the Cantor Fitzgerald #Gold Protected #Bitcoin Fund, L.P., marking its first foray into a Bitcoin-specific investment vehicle.

Announced at the #Bitcoin2025 conference in #LasVegas, this innovative fund aims to bridge the gap between traditional #Finance and the volatile world of #Cryptocurrencies...

@abcnewsnetau.bsky.social

The shocking story behind #Trump's Tariff Czar Howard #Lutnick | If Any of You R Listening

https://youtu.be/NYWsonBlNaY?feature=shared

(Ed: Welcome 2 #bigshort part deux

Mortgage backed securities r for losers!
Have u ever shorted an entire country #CantorFitzgerald strikes back )

#Tether now owns more than 10% of #Juventus Football Club. Guess they ran out of other places to launder their blood money.

https://cointelegraph.com/news/tether-increases-juventus-stake-to-10-percent-in-strategic-move

#HowardLutnick on #SocialSecurity checks: "If you complain because your check doesn't arrive one month you're obviously just a fraudster. after all, i'm a crypto billionaire and my family members wouldn't complain about missing a $600 check."

https://x.com/Jemsinger/status/1903134905845903417

1/ the fact that #Tether never took any action before today to block the world's foremost russian #ransomware laundering crypto exchange (#Garantex) from using their #USDT token tells you everything you need to know about Tether (and therefore about Trump's Commerce Secretary #HowardLutnick, who manages Tether's money).

IMHO the fact that this is happening now suggests that the Trump administration has already made some kind of deal with #Putin.

https://protos.com/garantex-says-usdt-in-russian-wallets-under-threat-as-tether-freezes-27m/

#Tether is spreading the crypto disease into African fintechs like #MANSA...

https://www.mansafinance.co/mansa-secures-10-million-in-funding-led-by-tether-to-solve-liquidity-challenges-in-cross-border-payments

Commerce Secretary #HowardLutnick has “divested” his control over his firm #CantorFitzgerald by naming his two 20 something year old nepo baby sons to run one of america’s larger investment banks (and possibly the world’s largest provider of banking services for criminals and rogue nuclear states, because Cantor manages assets for #Tether).

welcome to the #meritocracy.

* bloomberge: https://www.bloomberg.com/news/articles/2025-02-19/howard-lutnick-taps-two-sons-three-business-heads-to-run-cantor
* more lutnick: https://universeodon.com/@cryptadamist/113086118854620924

Trump cabinet member #HowardLutnick's¹ $135 billion crypto-bank-for-criminals #Tether has two options:

1. submit to an audit like any normal financial firm

2. lose the entire EU customer base, representing a pct of global GDP comparable to the US or China

the fact that they chose #2 tells you everything you need to know about tether.

notice also that #Kraken and #CryptoCom are delisting #Paypal's #stablecoin #PYUSD... wonder what that's about.

¹ It was widely reported that Lutnick's firm #CantorFitzgerald, which manages Tether's assets, had taken a 5% stake in the co. but during his confirmation hearing he said there was only a "convertible bond", which is what the kids call "sus".

profit per employee comparison of:

- #Tether
- #Nvidia
- #GoldmanSachs
- #Meta
- #Apple

shows very clearly how profitable it can be to run a noncompliant bank / money laundry for terrorists, drug lords, and rogue nuclear states that derives 100% of its income from the government teat (especially when you put the owners of that noncompliant bank / money laundry in the White House and let them write their own financial regulations).

#HowardLutnick (part owner of #Tether, chairman of the #Trump transition team, billionaire owner of #CantorFitzgerald, and future Commerce Secretary of the US) made $216 million from Cantor last year as well as ~$128 million from other sources (mostly Newmark Group and BGC Group).. He's also an executive or board member of 818 different organizations (mostly small LLCs).

* Here's his financial disclosure form: https://legacy.www.documentcloud.org/documents/25503861-howard-lutnick-final-asset-disclosure-278
* I wrote a long thing about Lutnick and Tether: https://universeodon.com/@cryptadamist/113086118854620924

$200 million is a lot of blood money...

new article from #ZekeFaux in Bloomberg about the chairman of the #Trump transition team #HowardLutnick taking an ownership stake in "#Tether, the stablecoin used by drug traffickers, terrorists and scammers to move money around the world" and more specifically about $300 million in terrorist connected transactions:

> It turns out that particular crypto wallet was controlled by Sa’id al-Jamal, a financier of the #Houthi fighters attacking merchant ships in the Red Sea, according to the US Treasury Department... Still, he was able to use those crypto wallets to send and receive more than $300 million of Tether.

no paywall: https://archive.ph/ivmIC
more on tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered

A company that the #Trump transition team chairman and future American Secretary of Commerce Howard Lutnick is part owner of (#Tether) just invested most of a billion dollars in another company Howard Lutnick’s firm Cantor Fitzgerald is the largest holder of (Rumble / RUM, the right wing alternative to YouTube favored by folks like #SteveBannon).

It's almost as though Lutnick has found a slush fund of a hundred billion dollars of Chinese money to pump into whatever publicly traded companies he'd like to pump and dump on the #MAGA base...

https://finance.yahoo.com/news/rumble-secures-775-million-investment-153024706.html

ΩΩ
Recently indicted New York City mayor Eric Adams has lot of friends in low places.

Places like the Israeli and Turkish governments, the Trump administration, and Chinese crypto exchanges beloved by fentanyl traffickers.

https://cryptadamus.substack.com/p/eric-adams-yet-another-crypto-success