Uploaded June 2026 | Updated September 2026, 1 week ago
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In this video, I discuss allegations that Blockstream and Adam Back have been running a ponzi scheme that involves cloud mining.
Please do your own research, and contact me immediately with any mistakes that I might have made. It's important to recognize that these are only allegations at this point.
Not investment advice! Consult a financial advisor.
Andy Back On The Island:
youtube.com/watch?v=cZU6bXFxCVQ&t=1s
Adam Back in Epstein files:
justice.gov/epstein/files/DataSet%209/EFTA00999897.pdf
Adam Back's Blockstream Borrows Billions, Hides CIO Chris Cook's Fraud Conviction. NYT Cheerleads while BSTR lists:
natinfosec.substack.com/p/adam-backs-blockstream-borrows-billions
natinfosec.com
Greg Maxwell and Chris Cook:
https://x.com/ChristopherA/status/921040486089084928
More Chris Cook:
https://x.com/AlyseKilleen/status/1128392946288611328
Blockstream mining update:
blockstream.com/press-releases/2025-04-28-blockstream-shares-key-strategic-update-growth-expansion-2025
Blockstream mining stats:
bmn2.mining.blockstream.com
PKH2 screenshot:
substackcdn.com/image/fetch/$s_!y53I!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7a45fa34-5473-41d1-ada1-0221756c8a61_1920x4675.png
Update website version:
stokr.io/pkh-mining-note2
BSTR SEC registration doc:
sec.gov/Archives/edgar/data/2083564/000121390026065857/ea0255496-11.htm
Exacore providing mining for notes:
bitfinex.com/legal/securities/El-Salvador/issuers/BMN2
Waterway Wireless:
search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=CurrentList&searchNameOrder=WATERWAYWIRELESS%20P120000459320&aggregateId=domp-p12000045932-ca9727c6-4133-4172-9364-6b381566369e&searchTerm=WATERWAYS%20PLAZA%2C%20LLC&listNameOrder=WATERWAYWARRIORSTAMPA%20N240000055770
Blockstream Cook County facility:
https://www.gem.wiki/Blockstream_Cook_County_facility
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Blockstream
#AdamBack
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
Join Bitcoin University Premium:
bitcoinuniversity.com/join
In this video, I discuss allegations that Blockstream and Adam Back have been running a ponzi scheme that involves cloud mining.
Please do your own research, and contact me immediately with any mistakes that I might have made. It's important to recognize that these are only allegations at this point.
Not investment advice! Consult a financial advisor.
Andy Back On The Island:
youtube.com/watch?v=cZU6bXFxCVQ&t=1s
Adam Back in Epstein files:
justice.gov/epstein/files/DataSet%209/EFTA00999897.pdf
Adam Back's Blockstream Borrows Billions, Hides CIO Chris Cook's Fraud Conviction. NYT Cheerleads while BSTR lists:
natinfosec.substack.com/p/adam-backs-blockstream-borrows-billions
natinfosec.com
Greg Maxwell and Chris Cook:
https://x.com/ChristopherA/status/921040486089084928
More Chris Cook:
https://x.com/AlyseKilleen/status/1128392946288611328
Blockstream mining update:
blockstream.com/press-releases/2025-04-28-blockstream-shares-key-strategic-update-growth-expansion-2025
Blockstream mining stats:
bmn2.mining.blockstream.com
PKH2 screenshot:
substackcdn.com/image/fetch/$s_!y53I!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7a45fa34-5473-41d1-ada1-0221756c8a61_1920x4675.png
Update website version:
stokr.io/pkh-mining-note2
BSTR SEC registration doc:
sec.gov/Archives/edgar/data/2083564/000121390026065857/ea0255496-11.htm
Exacore providing mining for notes:
bitfinex.com/legal/securities/El-Salvador/issuers/BMN2
Waterway Wireless:
search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=CurrentList&searchNameOrder=WATERWAYWIRELESS%20P120000459320&aggregateId=domp-p12000045932-ca9727c6-4133-4172-9364-6b381566369e&searchTerm=WATERWAYS%20PLAZA%2C%20LLC&listNameOrder=WATERWAYWARRIORSTAMPA%20N240000055770
Blockstream Cook County facility:
https://www.gem.wiki/Blockstream_Cook_County_facility
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Blockstream
#AdamBack
Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
