Very interesting - that's completely contrary to what the media says, but thank you for the information. It would be awesome if you could post more details/evidence of this at some point.
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Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full - all there is to it
104 replies 51 retweets 541 likes -
Replying to @stablekwon @FatManTerra and
Any chance TFL could have a whip round and donate some of their profits from this year to top-up the balance for the UST compensation plan..?
4 replies 4 retweets 85 likes -
Replying to @jackdx16 @FatManTerra and
We are down $30 billion this year
400 replies 185 retweets 1,252 likes -
Replying to @stablekwon @jackdx16 and
Have you sold the bitcoin that was in your reserves?
11 replies 7 retweets 78 likes -
Replying to @cryptothespian @jackdx16 and
All but 313 btc was used to defend ust peg
147 replies 43 retweets 417 likes -
Replying to @stablekwon @cryptothespian and
Are there any plans to release trade logs? Counterparties that were involved, any potential conflicts of interest, the exact details of the OTC blocks? This is one of the major transparency issues that needs to be dealt with given potential VC/board COI.
15 replies 17 retweets 295 likes -
Replying to @FatManTerra @cryptothespian and
We dont control the trade logs of trading partners’ granular trade execution - this is not how MM arrangements typically operate. But the amount of UST lfg purchased maps to the amount of BTC expended.
87 replies 16 retweets 265 likes -
Replying to @stablekwon @cryptothespian and
Sorry to sound cynical, but this feels like a cop out. This isn't about the trade structure. Who were the MMs you worked with? Did they have any sway over the board? Which VCs were allowed to cash out their UST/LUNA tranches, if such a thing happened internally? Any logs?
10 replies 18 retweets 322 likes -
Replying to @FatManTerra @cryptothespian and
No vcs were allowed to cash out anything - no backroom deals of any kind exist. we are trying to see if we can name counterparties in the trades, but confidentiality will need to be waived for us to be able to do this
99 replies 47 retweets 450 likes
It's comforting to hear this and I hope you're able to get permission to release more details. It's a key step in verifying the authenticiy of everything that happened here during every stage - billions were at stake.
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