NEW: “IS ALAMEDA RESEARCH INSOLVENT?”
According to a recent leak, the firm’s finances rely on the same scheme that destroyed Celsius Network. Will it work out differently for SBF? 🧵👇
https://t.co/gs4mQ7ul14
#Web3 is not about monkey pictures. #Web3 is next-gen internet, finally curbing censorship and mass-surveillance. And it's finally been built:
- a web3 browser
- decentralized social media
- decentralized end-to-end encrypted Point Mail
- decentralized Point Drive
- and more:
The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke immediately. Please use https://t.co/6ZFhcToWoJ for now until the propagation for https://t.co/vOeMYOTq0l reverts to normal
It was Tornado today.
Do you think they’ll stop there?
Tomorrow it’ll be Uniswap.
Then Ethereum.
If software isn’t safe then speech isn’t.
Where will you run?
Forget the money, this was always a revolution.
The money is just how we fund it.
4/ Now the important part.
To lead by example on PROTECTING USERS, Binance will let this go and ask the Terra project team to compensate the retails users first, Binance last, if ever.
Binance (after a 5 min discussion) fully support this proposal. 👇
https://t.co/QnMx8aZ09A
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA
🚀 @DefiLlama is now tracking @Beefyfinance pools on yield dashboard.
🚀 #BeefyFinance is a decentralized, multi-chain yield optimizer platform that allows its users to earn compound interest on their crypto holdings.
🔽INFO
https://t.co/W4pLmqlLhd
Personal opinion. NFA.
This won't work.
- forking does not give the new fork any value. That's wishful thinking.
- one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges).
Where is all the BTC that was supposed to be used as reserves?
ok here is how the $luna $ust attack was coordinated & executed. 🧵 (quoted from a friend)
- attacker OTC accumulated $1bn of UST
- borrowed $3bn in $btc
- spread around some fud about peg and bank runs
- dumped the fuck out of their $3bn $btc on market to trigger wider panic