I own a lot of KUJI, or I will own when they launch on their new chain.
Let’s say I say that I’m going to give out 10% of my holdings to support the project.
If the project comes under stress and I sell part of this 10% to help fix the issue, is this fraud? @FatManTerrahttps://twitter.com/FatManTerra/status/1528933160418955264 …
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Replying to @SumoLuna
Bailing out LUNA wasn't fraud. Terra's failure to responsibily disclose what happened might be. Spending money on a monthly payment by lying might be. There's a few more details about what Jump did with LUNA that I can't share ATM but let's just say it was at retail's expense
5 replies 7 retweets 66 likes -
Replying to @FatManTerra
No, it’s not fraud. THESE WERE NOT COMMUNITY FUND TOKENS.
4 replies 0 retweets 23 likes -
Replying to @SumoLuna @FatManTerra
Once again, if they got preferential treatment on UST -> BTC swaps…that would be bullshit. That reserve BTC should have been sold into USDC/USDT and placed into Curve, in my option.
1 reply 0 retweets 6 likes -
Replying to @SumoLuna
That sounds like a good way of going about it. TFL's black box methods don't sit right with me, especially considering the last batch of coins were whisked away by Do and Nick without an LFG advisor vote.
2 replies 0 retweets 12 likes -
Replying to @FatManTerra
I’d definitely like to see more disclosure around that. I wish they would have just sat on their hands after seeing the velocity of the bank run. Save the BTC for a later date to do something similar to your initial UST comp proposal. I thought that was great
4 replies 1 retweet 18 likes
Oh, thanks! Yeah, burning billions like that was pretty irresponsible - unless funds had a gun to his head in some way, which I wouldn't rule out given the situation with Jump
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