Added bonus WTF /3

_posts/newsletter/2023-10-01-October_2023.md

@@ -401,13 +401,13 @@ Thirdly, despite much resistance from Chainalysis, it now seems possible that an
 **Bonus 'What Is Wrong With This Picture?' Moment:** On November 2nd, FTX CEO Sam Bankman-Fried was [found guilty on all charges](https://www.justice.gov/usao-sdny/pr/statement-us-attorney-damian-williams-conviction-samuel-bankman-fried) of wire fraud, wire fraud conspiracy, conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud; the remaining charges from the indictment, of "[conspiracy to defraud the Federal Election Commission and commit campaign finance violations](https://www.justice.gov/opa/pr/ftx-founder-indicted-fraud-money-laundering-and-campaign-finance-offenses)," may [reportedly](https://www.youtube.com/watch?v=etyPcP73Tqg) still be prosecuted at some future date. Back in April, [**New York Times**](https://www.nytco.com/press/david-yaffe-bellany-joins-technology/) (NYT) [technology reporter](https://yaffebellany.com/) [David Yaffe-Bellany](https://twitter.com/yaffebellany), writing about the [*United States v. Ryan Felton*](https://www.courtlistener.com/docket/18242275/united-states-v-felton/) case (coincidentally where Bisbee's testimony apparently "[helped secure Felton’s guilty plea](https://www.chainalysis.com/blog/flik-coinspark-icos-chainalysis-expert-testimony/)"), stated that "[Chainalysis has come to occupy an increasingly important position in the industry](https://archive.ph/XkhB9)." 
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-> [After the FTX exchange imploded, its bankruptcy lawyers hired Chainalysis to disentangle the web of entities at the center of Sam Bankman-Fried’s empire and track the $400 million in crypto that a hacker stole from FTX’s accounts. Chainalysis has also been conducting some light diplomacy: In April, it hosted a conference in Manhattan to bring together government officials and the newly chastened crypto executives who are trying to win back their trust. Guests received socks stitched with the Chainalysis logo.
+> After the FTX exchange imploded, its bankruptcy lawyers hired Chainalysis to disentangle the web of entities at the center of Sam Bankman-Fried’s empire and track the $400 million in crypto that a hacker stole from FTX’s accounts. Chainalysis has also been conducting some light diplomacy: In April, it hosted a conference in Manhattan to bring together government officials and the newly chastened crypto executives who are trying to win back their trust. Guests received socks stitched with the Chainalysis logo.
 > 
 > ... In 2021, an official at TRM emailed the Treasury Department to question its decision to award an exclusive contract to Chainalysis, according to email logs obtained through a public records request.
 > 
 > The TRM representative asked for a “rationale as to why this procurement isn’t following a competitive bid process,” according to the emails. “There are multiple providers with analogous capabilities that meet” the requirements, the representative wrote. By early last year, TRM had secured its own contract with the Treasury Department, according to a company spokeswoman. And TRM was hired alongside Chainalysis to work on FTX’s bankruptcy.
 
-According to [the testimony](https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG-117-BA00-Wstate-RayJ-20221213.pdf) of attorney and FTX's new CEO [John J. Ray III](https://www.reuters.com/technology/ftxs-new-ceo-helped-bolster-enron-victims-recovery-2022-11-15/) to the [House Financial Services Committee](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408483) in December 2022, Chainalysis was involved in the 'Asset Protection & Recovery' operations of the bankruptcy proceedings, which they have indeed [offered as a service](https://www.chainalysis.com/blog/chainalysis-asset-realization-program-announcement/) since at least November 2020. Neither the NYT article nor the testimony mentions the fact that Chainalysis was not only a creditor of FTX, but their compliance partner while they were still operating, monitoring "[all deposits and withdrawals](https://archive.ph/kdAAB)" as well as on-chain "[flows into and out of](https://blog.chainalysis.com/reports/defi-dexs-web3/)" the exchange ([TMIBP21](https://enegnei.github.io/This-Month-In-Bitcoin-Privacy/November_2022/#november-16th---client-whom-thou-used-to-know)).
+According to [the testimony](https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG-117-BA00-Wstate-RayJ-20221213.pdf) of attorney and FTX's new CEO [John J. Ray III](https://www.reuters.com/technology/ftxs-new-ceo-helped-bolster-enron-victims-recovery-2022-11-15/) to the [House Financial Services Committee](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408483) in December 2022, Chainalysis was involved in the 'Asset Protection & Recovery' operations of the bankruptcy proceedings, which they have indeed [offered as a service](https://www.chainalysis.com/blog/chainalysis-asset-realization-program-announcement/) since at least November 2020. Neither the NYT article nor the testimony mentions the fact that Chainalysis was not only a creditor of FTX, but their compliance partner *while they were still operating*, monitoring "[all deposits and withdrawals](https://archive.ph/kdAAB)" as well as on-chain "[flows into and out of](https://blog.chainalysis.com/reports/defi-dexs-web3/)" the exchange ([TMIBP21](https://enegnei.github.io/This-Month-In-Bitcoin-Privacy/November_2022/#november-16th---client-whom-thou-used-to-know)). :ok_woman::computer: `Control`+`Shift`+`V` [Cat-Monkey meme](https://knowyourmeme.com/memes/persian-cat-room-guardian).
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 ## TORNADO CASH UPDATE, CONTINUED