Playing short term games while playing long term games

Joined October 2011
DeFi Drew retweeted
Replying to @MarathonFusion
they cant turn mercury into bitcoins boys
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Dear Secretary Bessent @SecScottBessent, My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov. The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison. I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return. I made that sacrifice because I believed it would change something. Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act. Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged. Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working. A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats. This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried. There is also a question of equal justice that I cannot let go. Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him. I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them. This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one. Three things would change the math overnight. Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined. End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one. And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them. Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine. I gave up everything I had to stop this. I am asking you to use the power you have to finish it. Respectfully, Everett A. Stern HSBC Whistleblower Founder and Intelligence Director, Tactical Rabbit
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DeFi Drew retweeted
over the next 5yrs, the probability of a us debt crisis and the probability of any individual tech company getting existentially disrupted by ai are materially higher than the probability of ai/quantum breaking crypto so sell ur btc, but sell it into what? cash and bonds that are going to 0? or tech companies facing existing threats while also in a giant reflexive bubble? or yet something else that u did 2hrs of “due diligence” and convinced urself u understand? the point is, if u r spooked by the ai/quantum risk and sold ur coins, u r almost certainly misjudging magnitude of this risk vs the risks of other assets u r sold ur coins into.
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Just wait until everyone realizes what happened today at Sibos
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DeFi Drew retweeted
What if the last 6 years was all just accumulation? What if every institution coming onchain needs Chainlink? What if trillions of dollars of assets come onchain in the coming years? What if? $LINK
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DeFi Drew retweeted
Page 59 of ICMA's June 2026 report.
Swift is hosting a panel together with the international capital markets association (ICMA) about scaling tokenized assets on the 10th of september 👀 The distributed ledger was the first step. Expansion to other DLT usecases is the next one and @chainlink will be the one powering this!
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DeFi Drew retweeted
NOTICE: The Wyoming Stable Token Commission has deprecated the LayerZero bridge (Stargate) & migrated the Frontier Stable Token (FRNT) to @Chainlink CCIP. Going forward, bridging for FRNT will be available via Transporter.io. This decision follows a thorough review...
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Add a zero.
Standard Chartered calls for $4 trillion in tokenized assets onchain by the end of 2028. Their Digital Assets Research team predicts Chainlink as one of the biggest winners of this mega-trend, with a price target of $200 by end of 2030.
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Today, tokenization continues to move from discussion toward real-world market activity. Through live production use cases, DTCC is demonstrating how tokenized assets move through established market infrastructure. Follow along: brnw.ch/21x49lK
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I imagine it gets harder to win deals when you have to check the "Yes" box on this.
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DeFi Drew retweeted
layer zero is getting absolutely demolished this month everyone canceling them it really is a winner takes all industry why would you bet lighter when hyperliquid exists why would you buy bitcoin cash when bitcoin exists why would you use LZ when CCIP exists?
Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets. Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including: • ISO 27001 and SOC 2 Type 2 certifications • Secure by default architecture • 16 independent nodes • Native rate limits, and more. Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi. For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.
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DeFi Drew retweeted
Real-time CCIP tracking is now live 🚀 🔗cciptracker.com
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DeFi Drew retweeted
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin. There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open. That’s why we’re setting the record straight.
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DeFi Drew retweeted
Don't be surprised when a LayerZero multisig exploit ends up funding some more DPRK tests 🫡 612 days ago
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Imagine a critical infrastructure project not burdened by investments from grifting VC's and shady exchange operators. $LINK #CCIP
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Banks are burning $58B a year because they're still processing data like it's 1985. (And Chainlink just published an article showing how to fix it.) Here's the idea in a nutshell: Every time a public company does a stock split, merger, or dividend payout - that's a "corporate action." There are 3.7M of these events per year in the U.S. alone. And 46% of the data is STILL processed manually. (Think: Analysts reading PDFs and copy-pasting into spreadsheets - in 2026!) Each event touches 110,000+ firm interactions and costs $34M to process. Total damage: $58B per year in costs, errors, and delays. So Chainlink teamed up with 24 of the world's biggest financial institutions (Swift, Euroclear, UBS) to try something different. Instead of forcing thousands of companies to change how they send data (tried for decades, never worked)... They changed how the data gets received. Step 1: AI reads the messy PDFs and pulls out the key info. Step 2: Chainlink oracles take that data from multiple AIs, verify it, and agree on one trusted answer. Step 3: That answer gets published onchain as a "Golden Record" - one source of truth that can't be tampered with. The kicker? They hit 100% consensus across all tested corporate actions - with ZERO hallucination problems. The TL;DR of all of the whole concept: TradFi connects to onchain infrastructure → AI collects the data → Oracles verify it → Blockchains secure it. And DTCC, Euroclear, Swift, and BNP Paribas are already plugging in.
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DeFi Drew retweeted
JUST IN: 🇺🇸 Senators reach deal with White House to resolve crypto stablecoin yield dispute with banks.
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I asked Claude Code to buy me something from a Shopify store. It needed MY TouchID on my Mac to complete the checkout, and it never saw my credit card info. Introducing Keypo checkout. Open source. github.com/keypo-us/keypo-cl…
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DeFi Drew retweeted
Replying to @deeberiroz
If you try to make this swap on llamaswap through cowswap we literally block the buttons so you cant do it we forbid trades like this to prevent users getting rekt afaik we are the only ones to do it, safu
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