from Patrick McKenzie | by Patrick McKenzie

World’s largest institutional investor announces transaction which materially increases its crypto holdings: t.co/P1HzNKA5OT

“OK anything non-sarcastic to say about this?” This is a good example of “If you say a transaction is final and the USFG says it is not, they are right.” t.co/UtzQOzv4NT

(It’s a little curious, but not very curious, that the feds here intervened to restore the proceeds of a crime committed against a drug kingpin… because they had already gotten a huge judgement against him and restoring property would allow basically automatic seizure of it.)