firekvz
Joined 10 years ago
Joined 10 years ago
Among the crazy things that Kontigo did, was that they allowed Venezuelans to open an US bank account, without any check or anything, you just had to put random "passport number" on a field (no kyc or anything) and they would issue you a chase checkings account number.
heres the ig advertising for that service: https://www.instagram.com/reels/DMljYtUsrDI/
anyways, they got shut down by chase few days ago:
https://www.pymnts.com/cryptocurrency/2025/jpmorgan-chase-fr...
Sire thing your links will be right and all my years suffering here are BS
In venezuela right now, there's a YC startup (2023), "Kontigo" [1], who's part of it, they went all in with this "stablecoin" bullsh*t and manage to get a license to operate in US (stripe) and with Venezuelans users with absolutely NO KYC, fully connected and "licensed" by the venezuelan "National Superintendence of Cryptoassets and Related Activities" a.k.a SUNACRIP
Take note that this SUNACRIP had closed operations since 2020 when a huge corruption scandal hit the govt, they used crypto to run corruption operations and money laundering [2][3][4] and somehow SUNACRIP, an organization that is not even working or functioning, this january licensed "Kontigo" to operated in the country, the founders themselves made a bragging video on instagram about "noone expecting it", wich is hillarious, you can find the video at https://www.instagram.com/p/DFd8ouoNKuI/
Anyways, the corrupted govt, approved a YC startup to exchange instantly USDC to VEF using venezuelans banks APIs and USA banking system (plaid, stripe, etc), without any KYC, without any sanctions screening, nothing, the reason for this approval is pretty simple, they doing the money laundering process super easy for them lol, they helping venezuelan corrupts officials bypass sanctions and easy money laundering.
I'm absolutely baffled at the situation and wondering how the fuck this happened, I myself know lower/mid size venezuelan corrupt officials using Kontigo to instantly wash money into USDC, and all of this is backed by YC itself.
And inbefore any user comes here telling me that "venezuela is sanctioned" and whatever other random thing, this company absolutely doesnt help venezuelans, it only helps corruption and launder money from corruption and drugs
[1] https://www.ycombinator.com/companies/kontigo [2] https://es.wikipedia.org/wiki/Caso_PDVSA-Cripto [3] https://news.bitcoin.com/how-crypto-ended-up-at-the-center-o... [4] https://www.criptonoticias.com/judicial/fiscal-venezuela-con...
bitcoin wont be real till tether dissapears
i think the whole crypto narrative it's slowly dying, okay its ATH now, but yeah, we still got this huge elephant in the room called tether and well u know
https://x.com/vesinfiltro/status/1821780041652388295
https://x.com/vesinfiltro/status/1821672026626785580
fun fact, Maduro's announcement of X blocking, was made on X
now, more than 72 hours after elections, we still dont know the results and there is not a single place to check the acts or the numbers by pooling center.
it was all fraud.
These elections determined whether Maduro or Edmundo Gonzalez would be president of the country.
The official government results were presented by the National Electoral Council A.k.a. (CNE) on television during the night of July 28 and have not been published elsewhere.
The results announced were as follows:
Nicolas Maduro with 5,150,092 votes for a 51.20 %.
Edmundo González with 4,445,978 for a 44.20 %.
Others with a total of 462,704 for a 4,60 %.
Note that the decimals of these results add up perfectly, as if they had been calculated with excel. as explained on https://news.ycombinator.com/item?id=41123155
The site https://resultadosconvzla.com/ allows you to view the results of 24,576 (81.85%) of the 30,026 polling stations available and has been put together in a collective effort to avoid fraud.
The actual results, so far are:
Edmundo Gonzalez 7,173,152 votes for a 67%.
Nicolás Maduro 3,250,424 votes for a 30%.
Others 251,446 votes with a 2%
So much AI, so much models, so much whatever bullshit they launch and can't properly examinate ofac lists? Ofac list barely have like 50 individuals and you rather ban a whole country just because 50 corrupt guys who will actually never use any of those services?
Whats wrong with these companies?