So much selling of $zec and so many large accounts trying to tell you it’s bullish selling, lol. Take notes on who shilled you, remember for next time.
The past few days have been intense, but I wanted to give some updates as we continue to work on this. Our priority is our users, and every decision we are making is aimed at an orderly return to normal market conditions and the best possible outcome for everyone involved.
Working around the clock, the team has made progress on multiple paths forward with several partners. The Arbitrum Security Council also recovered $70 million in ETH, which could meaningfully reduce the potential exposure, and multiple discussions and solutions are being considered. I am confident we will move towards a strong resolution.
Reviewing what happened and learning from it matters. But pointing fingers is not something that gets us to the other side of this.
Every bit of my energy right now is focused on the outcome for Aave users and the protocol. Aave has been my life's work, and this is an important moment for DeFi as much as it is for Aave. I am deeply grateful for the support and collaboration we have received from builders and partners across the industry.
We’ll get through this together and we’ll continue to publish updates on @aave as they happen.
It’s kinda wild to me that no resolution (or even better updates) has yet been announced by @aave concerning the hole in their books. Trust and stability were their most valuable asset and are eroding hourly. Looks like the team has made it and just does not care tbh.
@MattWalshBlog “Then people brought little children to Jesus for him to place his hands on them and pray for them. But the disciples rebuked them. Jesus said, “Let the little children come to me, and do not hinder them, for the kingdom of heaven belongs to such as these.””
Matthew 19:13-14 NIV
@simpelyfe The Seinfeld clip about the team of psychiatrists from Vienna comes to mind 🙂! Yeah that’s a bad number for a psychiatrist, they should get a new one for sure.
Carl Erik Rinsch had already burned through more than $44 million of Netflix’s money when the streaming giant wired him an additional $11 million in March 2020 to finish a sci-fi series called “White Horse.” But according to the federal indictment, the show was never completed. And not a single episode aired.
Instead, federal prosecutors say Rinsch diverted nearly all those funds into personal brokerage accounts, lost half of it on speculative stock trades, made it back through cryptocurrency, and then went on a massive shopping spree that included five Rolls-Royces, one Ferrari, and two handcrafted Swedish mattresses that together cost $638,000. https://t.co/bABBHQzmj3
Not that it will change much, but I’m genuinely very curious to learn what org 10/10 took out that has been selling. Clearly people know, but aren’t saying just yet, so it must be someone who matters.