@duonine UST was not printed out of thin air. TLF and LFG had Luna tokens pre-distributed sitting in their wallets. And as the demand was high for Luna, they could easy burn them for UST. EUR is really printed out of thin air.
@Thuxo_Lux@nr1_Timanski@FatManTerra Good investigation but findings are bad and suspicious? Then just find specific flaws in the investigation. Do Kwon will be happy to use them.
@Route2FI What is better? Break up and travel or stay and settle down. You choose one and time will tell you if it was the right call. Like with crypto assets.
Stop what you're doing right now and read this thread. Yes, the whole thing. Take in every word.
Do Kwon bought billions in Bitcoin with free money that you gave him. He took your life savings and enriched himself.
TFL is laughing to the bank while you lost a decade of time.
1/ Terra CEO is buying billions in #Bitcoin with free money. How?
Is the end game to create a Terra βecosystemβ or to accumulate BTC, the best asset in the world?
This is happening right under your nose as I post this. Possibly at your expense! Best to prepare.
A thread. π
Red Flags $Deus $DEI:
Close of redemtions without previous communication and time for investors to evaluate
No communication after depeg and liquidations of investors
Proposal of 0,4 USDC redemption (60% loss)