A #web3 protocol is likely taken down by the Chinese police, the team 'disappeared' with no charges, more than 200 mm USD of user's funds taken mainly from @FantomFDN users and @MultichainOrg. People need to know https://t.co/Js1675Eyfh @davidlin_TV@scottmelker
Michael Kong of @FantomFDN says more @MultichainOrg staff were arrested in China, and he hired a law firm to dig deeper after the protocol said its CEO — who has sole access to funds — was detained.
https://t.co/V4MqeMZNpJ
We are going to make so much money over the next two years but you’ll never see me in yachts, mansions or sports cars.
I just want freedom, a comfy life and to take care of my family, you with me? 🙌
What happened to the funds being "safu"? FTM FDN are nothing but scammers, and they'll be rugging next as the TVL on FTM has dropped significantly in correlation with the trust in @FantomFDN
@FantomFDN all of FTM going to "layer zero" now that there's no trust and no communication on how to overcome this. Millions and millions of $ lost. Who knows how many lives will be lost from depression. These lives are on you @FantomFDN and @MultichainOrg
@circle Please work with the @FantomFDN fast to bring back the hacked USDC from Multichain. Everyone says Circle can reimburse the frozen USDC from the hack but won't because it's less $ for Circle to back. Please help if you really want to bring confidence and trust to digital dollars.
@michaelfkong@AndreCronjeTech@circle@tether
Can we please get an update on the Multichain hack? Will the funds be reimbursed, or is every holder of USDC and USDT on Fantom just going to be left high and dry?
@thecoindaddy @CryptoGeeee Why does it have to? The USDC and USDT were frozen, and Circle and Tether can reissue like they've done in the past. Multichain just has to get its shit together
"We conducted an experiment on the Fantom mainnet data, using a fully pruned version of the current Fantom mainnet, compared to the new FVM and fully pruned storage system."
>8.1x faster txns
>used 98% less storage
>fully Solidity and Vyper compatible
This is accumulating for next bullrun on easy mode
$FTM
"If you're asking whether or not Fantom has obtained a banking license, and is launching a crypto-friendly bank.. the answer is yes." - Andre Cronje, $FTM
$FTM deserves to be >$1.
It has more to offer than $sol $ada $matic
Stats show the tech is much better
Value goes to products that work
Eventually people will realise the leading tech @FantomFDN is developing
Thought this old $LINK thesis needed updating, I believe $FTM will break the barrier of entry for the average person.
With FVM, network upgrades, and optimizations on the horizon it is hard to ignore $FTM.
A base layer where anything you chose to create can be facilitated👻!
I have to share this chart at least once a week as long as $FTM is still extremely undervalued compared to its peers.
We know $FTM is extremely financially stable (thanks Andre), we know its tech is fantastic, FVM is coming - yet it has one of the lowest MC/TVL ratio out there.