@Cryptoyieldinfo I lost money there because the admin address of their compound fork accidentally changed the collteral factor of USDC to 10% then changed it back 10min later 🤡
11/ Long term, the crypto industry has an opportunity to build a better system with DeFi and self-custodial wallets that don't rely on trusting 3rd parties. Instead, you can trust in code/math and everything can be publicly auditable on-chain. This is a topic for another day…
@dahkelor@Bouillaka_CF@TectonicFi I think the liquidity on the exchange would still be better than on the DEX, at least for CRO, so probably not losing as much. Although for the borrower it doesn't matter what happens to the fees, always just loses 10%.
@Bouillaka_CF@TectonicFi Your "fee" is 10% of the total repaid amount, I think $5.4m was repaid for you so your actual loss should be around 540k. Thanks for the donation to us poor liquidators.
@Bouillaka_CF@TectonicFi But your borrow decreased by ~5m $ as well. Liquidator can choose which collateral to pick, I just picked the one with most liquidity first which was CRO.
PSA:
#BITCOIN ON EXCHANGES IS BEING REHYPOTHICATED.
I KNOW CAUSE THEY ARE REACHING OUT TO MINERS LIKE MYSELF FOR LIQUIDITY
MANY EXCHANGES ARE INSOLVENT.
RT IF YOU SUPPORT TRUTH, AND FFS LEARN TO SELF CUSTODY.
NOT YOUR 🗝🔑 NOT YOUR 🧀
#PROOFOFKEYS or get REKT!!
Why most KYC/AML laws are bad.
There is no such thing as intended use of your sensitive data. Once retained, if there is a sufficiently incentivized actor the data will leak.
So when we are terrified by the surveillance KYC state they want to impose in Europe we have a reason!
An example of dishonest journalism by @business and @MuyaoShen. The word "sanctions" was never even mentioned during the interview. When I pointed that out after the article was published, they started to ignore my messages and didn't change anything.
https://t.co/cjPvJXLXm5
It’s worse than we thought.
After our initial investigation, a user uncovered even more lost funds from @cryptocom.
Another ~$18.7M in BTC, bringing the total value lost up to $33.7M.
“All funds safe” say https://t.co/qHgyFxy7qx.
They’re lying to you.
https://t.co/Ul6LBdVlas