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
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More details ⬇️
In a world where governments and financial corporations worldwide collude to freeze, confiscate, and debase citizen deposits, the ability to be your own bank through Bitcoin is a revolution.