Discover and read the best of Twitter Threads about #TassatPay
Most recents (2)
🚨Ω🚨
$CUBI is now one of the most exposed banks, if not the single most crypto exposed bank, in the United States. They're also relying on brokered deposits to stay solvent, meaning they have to pay the highest interest rate of any bank or risk losing their deposits.
ngmi
$CUBI is now one of the most exposed banks, if not the single most crypto exposed bank, in the United States. They're also relying on brokered deposits to stay solvent, meaning they have to pay the highest interest rate of any bank or risk losing their deposits.
ngmi
🧵2/Ω
$CUBI is running the same game as $SBNY. Not even just the same game - they're literally running the same software. #TassatPay is just rebranded #SigNET. It's the kind of platform money launderers have wet dreams about.
$CUBI is running the same game as $SBNY. Not even just the same game - they're literally running the same software. #TassatPay is just rebranded #SigNET. It's the kind of platform money launderers have wet dreams about.
🧵3/Ω
About $CUBI's brokered deposits game... They don't even have someone to negotiate with because #MaxMyInterest is apparently fully automated. In other words, #CodeIsLOL.
About $CUBI's brokered deposits game... They don't even have someone to negotiate with because #MaxMyInterest is apparently fully automated. In other words, #CodeIsLOL.
🧵1/Ω
Amended $MCB 🧵: $MCB's auditor Crowe LLP raised a "critical audit matter" relating to the "qualitative" & "subjective" nature of $MCB's measurements of how many loans would go bad. (@RasooliSheida made a mistake w/r/t whether it was on the $MCB site but it's still bad.
Amended $MCB 🧵: $MCB's auditor Crowe LLP raised a "critical audit matter" relating to the "qualitative" & "subjective" nature of $MCB's measurements of how many loans would go bad. (@RasooliSheida made a mistake w/r/t whether it was on the $MCB site but it's still bad.
🧵2/Ω
$MCB took a huge $35 million charge that wiped out their profits for 2022-Q4 in anticipation of getting fined civilly and possibly criminally for #PPP loan fraud of some kind.
$MCB took a huge $35 million charge that wiped out their profits for 2022-Q4 in anticipation of getting fined civilly and possibly criminally for #PPP loan fraud of some kind.
🧵3/Ω
They did that because... they're under investigation. At the very least they are gonna get hit with major civil violations, but I have a hunch it will escalate to criminal bc of the #CryptoCom/#Binance connection... $MCB
They did that because... they're under investigation. At the very least they are gonna get hit with major civil violations, but I have a hunch it will escalate to criminal bc of the #CryptoCom/#Binance connection... $MCB
