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
Through the 2010s, investor Bill Hwang (via his hedge fund Archegos Capital) quietly built one of America's largest fortunes.
In March 2021, Archegos imploded and Hwang lost $20B in 2 days. Today, Feds charged him with fraud (manipulating markets).
Here's the insane story🧵
For the past two weeks, I've been targeted in an extremely thorough social engineering scam that nearly cost me all of my ETH. I'm super lucky to have made it through unscathed. Here's the story 👇
100 biotechs trading BELOW net cash world wide. The biggest risk of advancing promising therapies & novel modalities for patients isn’t the science/tech not working, but rather myopically short term investors and a lack of patient long term capital to fund platforms to fruition
Just a reminder - You cant use daily or weekly charts if your time horizon is years. You're either in this for network adoption over time or you are a trader. I am not a trader in crypto. I can't care less about 50% swings in a 70 vol asset.
Re-watching Inside Job on Netflix. It reminds me of March 2020 and the potential insolvency phase of The Unfolding hypothesis I had, especially around BBB bonds. 1/
Oasis is excited to be working with @MetaAI, formerly Facebook AI, on a fascinating application of secure computing technologies in AI
Stay tuned for more early next year!
Listening to Gensler and it's clear he is laying down the hardest case he can for regulation of digital assets. But my view is that he will likely get his way that most are going to be classified as securities but with a wholesale change to what that means 1/
What is the single greatest piece of advice you’ve ever received?
I recently asked my audience and got 2,000+ responses.
Here are my favorites (to start your week off right):
⭐️ Giveaway ⭐️
In celebration of Columbus Day coming early this year, I’m giving away 50 $LUNA tokens (~$1.6k value) to 3 different followers who like and retweet this. Draw will take place September 9th. 🌝 🚀 #columbus5#lunaspacelaunch 👩🚀