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FatManTerra's profile
FatMan
FatMan
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@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 18

      Yikes. @stablegains took USDC and USD via wire from customers promising them 15%, put it all into Anchor without telling them, and skimmed 4% off the top. They have now changed the denominations in their app from USD to UST and are nuking the landing page & old terms. (1/2)pic.twitter.com/D6sVOI2bRG

      322 replies 1,071 retweets 4,986 likes
      Show this thread
      FatMan‏ @FatManTerra May 18

      These guys are in deep trouble - they lost about $42m in funds from 4,878 customers and probably have no way to pay it back (they're a small startup) because they went all in on Anchor's invincibility. Conviction bets are great, but not when toying with people's savings. (2/2)pic.twitter.com/p9S5uFILoF

      10:06 PM - 18 May 2022
      • 153 Retweets
      • 1,399 Likes
      • Coin Flash Acecool.eth (.dao.sol.tns.bsc.nft)🔥 ⚡ Team! Crolev Mark Matheo Perez 11201983.eth aka theLastEthxXpender NFTart kitchen Lars Koppens John Galt
      54 replies 153 retweets 1,399 likes
        1. ShuGangYao‏ @ShuGangYao1 May 18
          Replying to @FatManTerra

          应该尝试成立所有 #UST 持有人的集体诉讼DAO,统一进行诉讼。 DK等团队和做市商,在 terra 崩盘期间不但不护盘,还可能获利至少5B,包括LFG资金和崩盘之间的套利。

          0 replies 0 retweets 1 like
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        1. Lord Wrymouth‏ @LWrymouth May 18
          Replying to @FatManTerra

          In 2022 pyramid schemes are now called "small startups."

          0 replies 2 retweets 67 likes
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        2. RV‏ @rvbxss May 18
          Replying to @FatManTerra

          Similar happened at Drift Protocol in SOL, they are a vAMM, their users were short & since they are their own maker, they were long and down. & have now for nearly 2 weeks held every1s funds hostage, they are saying they will pay 23% on friday and the remaining at "phase b".

          2 replies 0 retweets 11 likes
        3. RV‏ @rvbxss May 18
          Replying to @rvbxss @FatManTerra

          they are playing it down as a "bug", noobs read it and think someone hacked the protocol when in fact it was a easily predictable design flaw.. they lost about $10M after raising 3.8M a few months ago.

          2 replies 0 retweets 6 likes
        4. Show replies
        1. New conversation
        2. BluΞ‏ @BlueF1am3 May 18
          Replying to @FatManTerra @ursisterbtw

          bruh who tf puts all their eggs in one basket especially if they are playing with other peoples money.. diversify lmao

          2 replies 0 retweets 29 likes
        3. ursister  🫠 🏴‍☠️‏ @ursisterbtw May 18
          Replying to @BlueF1am3 @FatManTerra

          ursister  🫠 🏴‍☠️ Retweeted Stablegains

          yo right??? also looks like they misled investors by purposely omitting UST 👀 these boys in trouble trouble their statement about this situation is even worse 😮‍💨https://twitter.com/stablegains/status/1526548679611523073 …

          ursister  🫠 🏴‍☠️ added,

          Stablegains @stablegains
          Hi everyone We have reenabled direct withdrawals in USD via ACH and Wire. Now you don't need to move funds via an exchange to access the USD value of your balance in Stablegains. We expect the first batch of USD withdrawals to process during the next 24 hours. Read on 🧵
          Show this thread
          1 reply 0 retweets 14 likes
        4. Show replies
        1. ctrl-alt-delete.eth‏ @L0rdHighFix3r May 18
          Replying to @FatManTerra

          Bbbrrrruuuuuuuuuhhhhhhpic.twitter.com/plLviBAX2u

          0 replies 0 retweets 7 likes
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        2. Larry Cermak  🫡‏Verified account @lawmaster May 18
          Replying to @FatManTerra

          Wouldn't be shocked if YC backstops the damage to limit the bad PR.

          5 replies 1 retweet 50 likes
        3. bart‏ @0xHyperbart May 19
          Replying to @lawmaster @FatManTerra

          there's no way that happens, there's never been a precedent. YC is a startup accelerator. It's completely unheard of.

          0 replies 0 retweets 3 likes
        4. End of conversation
        1. Johnny‏ @Cryptilt May 19
          Replying to @FatManTerra

          pic.twitter.com/RyHcrDZI2m

          0 replies 0 retweets 2 likes
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