A Short Seller who accurately predicted the collapse of FTX and Silvergate Capital, and who had shorted SVB Financial, has now set their sights on Signature Bank (NASDAQ:SBNY), claiming it is part of a “worldwide money laundering story”.
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Thinks Signature Bank (SBNY) is next to fall, has even handed over evidence to the government on Signature.
>“The media wants to make it a crypto story, but it’s not. This is a worldwide money laundering story through these two networks with a crypto wrapper.”
Wise words from the guy
tldr; Short seller Marc Cohodes, who predicted the collapse of FTX and Silvergate Capital Corporation, has warned investors about Signature Bank. “The media wants to make it a crypto story, but it’s not. This is a worldwide money laundering story through these two networks with a crypto wrapper,” he said. “If that’s a stock you want to own, knock yourself out.”
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Banks doing something shady and evil? Totally shocking
Also, Signature bank holds USDC reserves.
*edit*
[Source: page 5 #2](https://www.circle.com/hubfs/USDCAttestationReports/2023%20USDC_Circle%20Examination%20Report%20January%202023.pdf)
Damn, their stock is down 77% in a year.
I listened to a podcast featuring this guy. He thought SBF was bullshit before everyone else realized it. He went through his thought process and everything. I’d listen to what Mark Cohodes has to say.
It pisses me off so much they are going to try and pull the wool over everyones eyes with the help of the media to spin this as look what big bad crypto did!! When in all reality it has little to nothing to do with crypto and everything to do with traditional financial CRIMES 😠
I looked into shorting, I can’t figure it out. I’ll just keep dollar cost averaging and losing that way 🥲
The Big Short 2: Electric Boogaloo
Can I borrow his crystal ball?
It’s a publicly traded crime scene
the truth is ther banks don’t want crypto cutting into their money laundering game.
Crypto are risky…. Yes sure… banking system fucking the average Joe all over since the beginning of times
Is this guy by any chance Dr. Strange with his time stone?
That person is writing the script for his Netflix show.
Shit is gonna hit the fan when he shorts tether
Can see the entire globes 1%ers coming together to fight crypto since it threatens a broken system that keeps them rich and in control
Not that far fetched
Boating incident incoming
*Insert Death Knocking on Doors One by One Meme”
Man I wish I had this guys skills
Oh damn. So is there anyway to protect ourselves from the fallout of this one?
A lot of Wall Street seems to disagree by looking at the stock price, it’ll probably go belly up next week
I need his wisdom lol
Signature bank has a lot of issues with medallion funding for taxis as well.
This motherfucker is not predicting. He is making shit happen.
News on 5:
Banks doing something shady…
Next up: water is wet
Can someone ELI5 how to short Silvergate Capital?
The downfall is coming?
What banks are left that partner with crypto companies if Signature goes under?
Shorting signature
More small banks in trouble: https://finance.yahoo.com/news/first-republic-pacwest-plunge-amid-145524735.html
Benzinga… sure sounds like a VERY reliable source
Another bank committing financial crimes?!?
Banks evil and doing shaddy shit? Color me shocked..
What crypto is signature bank holding??
All these fucking banks launder money
Again, it was all planned. How do you think they would get people to buy into CBDCs?!
It works until it doesn’t
If I recall correctly…
George Soros also shorted Silvergate some time ago… it also plummeted
A lot of this is FUD.
He vaguely mentions “ties to illegal activity” (which bank does not have that)?
And that 25% of their deposits are related to crypto.
As if it’s so horrible for money involved with crypto to be in a bank.
In this case, it is the USD you see in your Coinbase account that is probably at Signature bank.
I smell squeeze coming from their side this time.
This dude deserves a show. With his future seeking, its pretty incredible.
Money laundering machines.
You meam banks, right?
This title reads like a motleyfool click bait article