CZ: We are in the process of defending ourselves in multiple chains - we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months
@0x_fuckyou@tier10k@trader1sz Yeah as i said im making zero effort to hide
I go on walks and malls, no way none of CT hasnt run into me the past couple weeks
🧵 Some of you thought $80m per month was bad. That's nothing. Here's how Do Kwon cashed out $2.7 billion (33 x $80m!) over the span of mere months thanks to Degenbox: the perfect mechanism to drain liquidity out of the LUNA & UST system and into hard money like USDT. (1/13)
8/ As of now, the Foundation’s remaining reserves consist of the following assets:
· 313 $BTC
· 39,914 $BNB
· 1,973,554 $AVAX
· 1,847,079,725 $UST
· 222,713,007 $LUNA (of which 221,021,746 is currently staked with validators)
5. I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover the UST peg. So far, we have not gotten any positive response, or much response at all
I think we ought to snapshot LUNA pre-crash and offer a BSC equivalent token to everyone that had any holdings before UST peg broke.
I think that makes the most sense compared to the ideas outlined here. At the very least the price would be more stable than that of UST.
The community is deciding on a new @terra_money, between restoring a snapshot prior to attack, removing TFL, fully collateralizing UST and drafting & deliberating new mechanisms for $LUNA.
We must salvage the remaining value in the ecosystem & community and rebuild the right way
@stablechen@terra_money We will snapshot LUNA pre-crash and airdrop BSC shitcoin to everyone involved. And it will still be a more stable coin than UST.