NEW: “A WALLED GARDEN FULL OF SNAKES: THE SIGNET CLIENT LIST REVEALED.”

We have obtained a 2021 copy of Signature Bank's Signet clients. We have some questions… 🧵

dirtybubblemedia.substack.com/p/a-walled-garden-full-of-snakes-the?sd=pf

We recently reported on potential legal and regulatory problems faced by Signature Bank, one of the primary banks for crypto companies.

These problems related to their relationship to entities like FTX and Binance, as well as their Signet blockchain…

…which allows for 24/7/365 intrabank transfers between approved customers with minimal oversight.

We have obtained a list of Signet clients from late 2021. We are sharing the list in full (see article).

This list includes some questionable entities…

Binance: we recently reported that Binance has access to Signet despite its historical problems with US banking and current legal troubles.

This may end up being a problem for SBNY. dirtybubblemedia.substack.com/p/is-binanceus-a-fake-exchange

Genesis Block OTC: known for trading cash for crypto, Genesis Block was closely affiliated with FTX. They also had access to Signet.

dirtybubblemedia.substack.com/p/blockchain-evidence-suggests-genesis

Huobi: One of Justin Sun’s exchanges. Sun is notorious for collecting bank accounts and for having a somewhat, um, dismissive approach to regulations.

(“FAKE THE KYC!”)

www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex

These and many other clients on the Signet list raise serious questions about Signature’s “walled garden” approach.

And we believe regulators will be very interested in taking a look at the ~$1 trillion in transfers that have taken place on the Signet blockchain…

NEW: “A WALLED GARDEN, FULL OF SNAKES: THE SIGNET CLIENT LIST REVEALED.”

@Bitfinexed @AlderLaneEggs @ExkrementKoin @DoombergT @parrotcapital @AureliusValue @eliant_capital @WallStCynic @UrbanKaoboy @retheauditors @Frances_Coppola @DataFinnovation @Cryptadamist @ttmygh

NEW: “A WALLED GARDEN, FULL OF SNAKES: THE SIGNET CLIENT LIST REVEALED.”
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