A new leak! Massive Hack Strikes Offshore Cayman National Bank and Trust.
- Thread starter James Blake
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Crazy I tell you....lol........just looking at the spreadsheet however ns2
Oh I see Rory Mcilroy the golfer listed on there? Nice $2m call account smi(&%
P.S No accusations of any wrong doing btw. I don't think Cayman National was that type of bank or at least recently it was not.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Oh I see Rory Mcilroy the golfer listed on there? Nice $2m call account smi(&%
P.S No accusations of any wrong doing btw. I don't think Cayman National was that type of bank or at least recently it was not.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Cayman National Bank response. Seems only IOM Branch was affected.
https://www.caymannational.com/about/press-room/2019/CNC-Press-Release-18NOV2019-CI.pdf
Still not sure what the point of hacking a CRS signatory countries bank is. The clients will already all be in tax compliance as tax info is exchanged....bizarre.
Anyone notice $4.2m of Walpay Limited account belonging to Sebastien Limat? Seems Walpay was once a crypto associated payment company. For a company that's no longer around it seems to have a healthy balance ns2.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
https://www.caymannational.com/about/press-room/2019/CNC-Press-Release-18NOV2019-CI.pdf
Still not sure what the point of hacking a CRS signatory countries bank is. The clients will already all be in tax compliance as tax info is exchanged....bizarre.
Anyone notice $4.2m of Walpay Limited account belonging to Sebastien Limat? Seems Walpay was once a crypto associated payment company. For a company that's no longer around it seems to have a healthy balance ns2.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
The 2020 numbered accounts are cryptowallets with Stablecoins
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
Or just a Bank Frick numbered account will do. Stablecoin fraud is very real 🙁.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Numbered account? That still exists ?
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
Wow
https://www.bankfrick.li/Portals/0/06-downloads/diverse/2018-01-01_schedule-of-fees_Bank-Frick.pdf
They do report CRS ?
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
Numbered accounts just offer privacy in terms of what's on your bank statement and possibly a tiny increase in privacy for other day to day activities. Your name isn't plastered over everything.
But unlike numbered accounts of old, the bank now has clear records of who owns the account and can comply with CRS and other information exchange mechanics.
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This is the probably the answer to your question.
But unlike numbered accounts of old, the bank now has clear records of who owns the account and can comply with CRS and other information exchange mechanics.
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This is the probably the answer to your question.
Yes they do report under CRS its not anonymous
The numbered account just means your account data is handled mostly in paper form by your relationship manager. Your name and personal identifying details are held on a private paper file rather than on computer but everything else is on computer. They just simply enter an alias for you on the computer system if that makes sense. So my account would be labelled "MBS" rather than "Martin Everson" on the computer systems 😉. It is a bit more expensive but protects your privacy against data leaks as very few people (1-2) in the bank will have access to the paper files. Plus if a data leak happened then the public would only see "MBS" and they should not know who that is right? ca#"!.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
My next question is because I have amassed an ungodly amount of stablecoins in several non-custodial wallets in the last few years, especially the last +18 months.
What do you mean by "stablecoin fraud is very real"? What or where am I exposed to fraud?
Thanks
🙄
Search in PACER or similar “Deltec” 🙁
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Just finished reading PACER. Damnnnn.... This was a honeypot of Deltec at Mitsubishi UFJ Trust and Banking Corporation.
OK! Got it! Lesson learned. No trusted third parties ever.
Now, in my case, when I say me personally, I mean creating a USDt address on a non-custodial wallet e.g. Exodus, and having my client pay at that address. Only my client knows that address and he doesn't really know if that address belongs to me. I could just as easily given him the address of a supplier that a supplier in China gave me which I have done in the past. Assuming that the address given to me is my supplier's address and not of his supplier etc. 🙄
How am I here, with my newly created USDt address subject or exposed to fraud? 🙄
PS. I'm asking this to learn before I have to learn this tragedy by pissing on the proverbial electric fence myself cry&¤
The case goes beyond what you read and it involves FTX etc. But I can't say more lin%%&
Nobody will steal your USDT, but you might wake up one day and find that they are worth zero. Nil. Nada. You are essentially trusting an obscure galaxy of offshore companies and a Banana bank operating from a bungalow (plus their recently acquired other offices). Better to convert everything into btc and use stablecoins only when needed.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Yes! Thank you! I'll swap excess stablecoins for BTC. I'm already playing with "casino money", so if the leftover stablecoins go to zero...oh well... at least I have the BTCs. 😉
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