NFTethics, a Twitter account, has recently shared a thread that explores the connections between NFTs/crypto, major financial scandals such as Wirecard and 1MDB, Goldman Sachs, and controversial financiers/investors. The user alleges that these connections cannot be mere coincidence.
One example of the linkages presented in the thread is that Mike Novogratz, who owns Galaxy Digital, was a college roommate of Joseph Lubin, co-founder of Ethereum. Novogratz had the opportunity to purchase 500,000 ETH for less than $500k from Vitalik Buterin. Novogratz, Lubin, Dan Morehead of Pantera Capital, and Pete Briger of Fortress are all known for being early investors in the crypto space.
The thread also suggests that several investments by Christian Angermayer, a business partner of both Peter Thiel and Novogratz, are linked to fraudulent transactions, including the entire ICO of BlockOne, and investments made through Angermayer’s FinLab. The thread alleges that the situation may be much worse than previously thought.
Moreover, the thread adds that several IPOs associated with Angermayer have declined significantly, with shareholders typically entities linked to Angermayer or his business partners. FTX reportedly invested in Angermayer’s pharma company, Rejuveron, along with several other entities linked to Angermayer, but it is unclear why FTX invested in this company.
In addition, NFTethics suggests that Lars Windhorst, a controversial German financier with a history of questionable business practices, introduced Goldman Sachs to Falcon Private Bank, which was involved in the 1MDB fraud scandal. Windhorst reportedly had personal contact with Khadem al-Qubaisi, the main suspect who is currently serving a 15-year jail term. Falcon Bank, one of the first crypto banks, collapsed and its executives went to work for their partner Bitcoin Suisse.
The thread raises ethical concerns regarding the digital kingdom and its influential players and aims to uncover inconvenient truths about them. The allegations in the thread suggest that there may be links between NFTs/crypto, major financial scandals, and controversial financiers/investors, which may have wider implications for the ethical foundations of Web3.
It is important to note that these are allegations and have not been proven. However, the connections presented in the thread are alarming and should be investigated further. The crypto industry has been plagued with scandals and fraud in the past, and it is crucial for the industry to address these issues and establish ethical standards to prevent further damage to its reputation.
The rise of NFTs has brought a new level of attention to the crypto industry, and it is important for the industry to take a proactive approach to address any potential ethical concerns. The industry should work towards establishing transparent and ethical practices to ensure the long-term sustainability of the industry.
In conclusion, the allegations presented by NFTethics suggest that there may be connections between NFTs/crypto, major financial scandals, and controversial financiers/investors. These connections raise ethical concerns and should be investigated further. The crypto industry should take a proactive approach to address any potential ethical concerns and establish transparent and ethical practices to ensure the long-term sustainability of the industry.