[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Ross Brown [@Hey_ross](/creator/twitter/Hey_ross) on x 5989 followers Created: 2025-07-19 18:48:34 UTC But why? Who Would Do This and Why The likely actors behind such a structure would be: •Hedge funds needing synthetic exposures for shorting without triggering borrow disclosures •Prime brokers facilitating structured financing deals •Market makers or liquidity providers with access to internal modeling and who profit from synthetic flow •Banks or offshore entities using the notional structure to engineer temporary balance sheet positions for collateral optimization In the worst case, it’s a shell entity or captive counterparty used to generate fictitious exposures for fraudulent leverage, window dressing, or capital arbitrage. ⸻ Final Assessment This swap structure on two economically misaligned and distressed equities is highly irregular and functionally pointless unless viewed through the lens of synthetic positioning, regulatory avoidance, or balance sheet manipulation. The fact that BBBY is worthless makes it ideal as a dummy leg for structured trades that only care about optics or balance sheet shape—not economic return. Identifying the counterparty or SDR channel used would be critical to understanding the true purpose behind this filing. XXXXX engagements  **Related Topics** [hedge](/topic/hedge) [Post Link](https://x.com/Hey_ross/status/1946643341778801010)
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Ross Brown @Hey_ross on x 5989 followers
Created: 2025-07-19 18:48:34 UTC
But why?
Who Would Do This and Why
The likely actors behind such a structure would be: •Hedge funds needing synthetic exposures for shorting without triggering borrow disclosures •Prime brokers facilitating structured financing deals •Market makers or liquidity providers with access to internal modeling and who profit from synthetic flow •Banks or offshore entities using the notional structure to engineer temporary balance sheet positions for collateral optimization
In the worst case, it’s a shell entity or captive counterparty used to generate fictitious exposures for fraudulent leverage, window dressing, or capital arbitrage.
⸻
Final Assessment
This swap structure on two economically misaligned and distressed equities is highly irregular and functionally pointless unless viewed through the lens of synthetic positioning, regulatory avoidance, or balance sheet manipulation. The fact that BBBY is worthless makes it ideal as a dummy leg for structured trades that only care about optics or balance sheet shape—not economic return. Identifying the counterparty or SDR channel used would be critical to understanding the true purpose behind this filing.
XXXXX engagements
Related Topics hedge