Cory Klippsten, the CEO at Swan Bitcoin, has vocally raised concerns about the venture capital firm, Andreessen Horowitz (a16z), and its partner cdixon, on its Twitter account. Klippsten shared a thread of tweets to share his insights into a potential fraud that the two companies may be involved in.
After calling bullsh*t on Luna, Celsius, and FTX well before any of them collapsed, I have a bit of credibility with the mainstream media. I want to use that credibility to call attention to the worst and largest of all the scam perpetrators in the «crypto» space, @a16z 🧵👇
— Cory at Swan Bitcoin (@coryklippsten) November 14, 2022
Klippsten called out on Luna, Celsius, and FTX way ahead of their crash which gave him some credibility with the mainstream media. Klippsten with the trust he built over time is calling out Andreessen Horowitz and cdixon, for being “the worst and largest of all the scam perpetrators in the crypto space.”
Moreover, Klippsten said that Andreessen Horowitz “sold its soul for quick profits and massive management fees”. He further shared proof of several incidents where Andreessen Horowitz promoted companies such as Braintrust, Helium, Axie Infinity, and Worldcoin, which he believed were Ponzi.
Furthermore, the Swan Bitcoin CEO also threw Coinbase and the Ethereum founder, Vitalik Buterin under the bus by adding:
“The ONLY way a16z Coinbase, Vitalik Buterin, and other “crypto” scammers can keep their grift going is to dangle millions in funding in front of the CFTC so they’ll wrest oversight of “crypto” from the SEC.”
In Klippsten’s opinion, the regulatory war is being encouraged and funded by the big crypto manipulators like a16z and Coinbase. According to him, these crypto firms are trying to get anyone except the SEC to regulate them that would not stop their “free money scam machine”.
Klippsten in his older tweets shared:
There’s a reason to allocate fiat to shitcoins as long as there is regulatory arbitrage plus information arbitrage. Aka any crypto fund needs only two slides:
1) WE MAKE OUR OWN WEATHER 2) SHORT TIME TO LIQUIDITY
While concluding the thread, Klippsten, advises all crypto followers to take a closer look at all the red flags by a16z and its partner cdixon.