Salomon Bros Representing $9bn Crypto Seizure?
Hard to believe that the title is real but have any of you seen this news? My understanding is that some $9 billion of bitcoin, which was sitting in dormant crypto wallets, was just 'seized' but an anonymous client who discovered them. Equally as strange, this 'client' is being represented by... Solomon bros? Do any of you have any insights into this?
Have a million questions like
1) Salomon bros exists? I found some old bloomberg article from '22 about the firm restarting but nothing thereafter
2) does anybody personally know anyone that works there?
3) How did they become the advisor on this? Seems like a strange pick, no?
4) Legal implications if this wasn't a legitimate action by the person who 'discovered' the assets?
Some notices posted on the salomon site:
https://salomonbros.com/about-notices
https://salomonbros.com/owner-notice
an article breaking much of this down:
https://www.cyphertux.net/articles/en/research/bitcoin-80k-btc-mystere-opreturn
Based on the most helpful WSO content, there isn't any direct mention or confirmation of Salomon Brothers being involved in a $9 billion crypto seizure or even their current operational status. However, here are some insights and considerations based on the broader crypto discussions and skepticism around such claims:
Salomon Brothers' Existence: While there were reports in 2022 about attempts to revive the Salomon Brothers brand, there hasn't been substantial follow-up or confirmation of their active operations in the financial space. If they are indeed involved, it would be worth verifying their legitimacy and current standing.
Representation in Crypto Seizures: The choice of Salomon Brothers as an advisor for such a high-profile crypto case does seem unusual, especially given the lack of recent prominence or expertise in the crypto space. Typically, well-established firms with a strong track record in digital assets or legal expertise in crypto would be more expected.
Legal Implications: If the assets were "discovered" and seized without proper authorization or legal backing, this could lead to significant legal challenges. Ownership of dormant crypto wallets is a complex issue, and any unauthorized access or transfer could be considered theft or fraud under various jurisdictions.
Verification of Notices and Sources: The links provided (salomonbros.com and cyphertux.net) should be approached with caution. It's essential to verify the authenticity of these sources and cross-check with reputable news outlets or legal filings to confirm the validity of the claims.
Given the speculative nature of this situation and the lack of concrete evidence in the WSO dataset, it would be prudent to remain skeptical and conduct thorough due diligence before drawing any conclusions.
Sources: https://www.wallstreetoasis.com/forum/crypto/why-coinbase-is-a-fad?customgpt=1, Some Thoughts on Bitcoin, Part 1, Crypt0 Bros - Are You Still Believers?, A comprehensive breakdown & discussion regarding the near instantaneous collapse of FTX, There IS NO NEED FOR CRYPTO. TAKE YOUR MONEY OUT BEFORE TOO LATE
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