Earlier this month, NIA issued an alert about the world's wealthiest Crypto tycoon Sam Bankman-Fried and his Crypto exchange FTX, which we said was created as a front for Alameda Research the #1 largest Crypto market maker (wash trader). NIA discussed a Coindesk report about how FTX was seeking to raise $1.5 billion in new venture capital funding at a total implied valuation for its international and U.S. divisions of $40 billion. This report was published only an hour after Tether printed $1 billion in new USDT on a weekend.
NIA predicted in its alert that FTX would secretly be paid in newly printed Tether (USDT) tokens and that prior to the transaction closing we would see, "Tether print another $500 million or more in USDT and transfer approximately (but not exactly) $1.5 billion USDT to FTX."
Following NIA's alert, another $1 billion in new USDT was printed within 24 hours, but we have been waiting to see if approximately (but not exactly) $1.5 billion USDT gets transferred from the Tether Treasury Wallet to FTX.
During the ten-day period following NIA's alert, the Tether Treasury Wallet made three transfers to FTX in the amounts of $500 million USDT, $300 million USDT, and $300 million USDT, while FTX made two reverse transfers back to the Tether Treasury Wallet in the amounts of $40 million USDT and $100 million USDT.
After a week of no transfers between the two wallets, FTX on December 22nd made another reverse transfer back to the Tether Treasury Wallet in the amount of $50 million USDT.
On Christmas, the Tether Treasury Wallet made a transfer to FTX in the amount of $400 million USDT.
Two hours ago, the Tether Treasury Wallet made a transfer to FTX in the amount of $150 million USDT.
If we add it all up... total net transfers from the Tether Treasury Wallet to FTX in recent weeks have now reached $1.46 BILLION USDT!
This is EXACTLY what NIA expected to happen! Watch, FTX's VC round will now be ready to close in the upcoming days... but FTX's valuation will be $40 BILLION USDT not USD!