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FatManTerra's profile
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 25

      FatMan Retweeted FatMan

      Sharing the opinion of a source close to the matter and far smarter than me ≠ my own opinion. Here is my (likely more uninformed) take. Everything I know points to signs that there was a real attack on the peg (ie. 'heavy sell pressure') but I don't think it was Citadel. (1/3)https://twitter.com/FatManTerra/status/1529479744990892033 …

      FatMan added,

      FatMan @FatManTerra
      Just in: Luna Foundation Guard member Remi Tetot suggests that a top investigative journalist may have found proof that Citadel, the large hedge fund behind the GME short, may have been responsible for the depegging attack that kickstarted the LUNA/UST death spiral. https://twitter.com/Remi_Tetot/status/1529478766803701766 …
      17 replies 18 retweets 123 likes
      Show this thread
    2. Recovering TradFi Chad‏ @jofo_real May 25
      Replying to @FatManTerra

      Cringe There is no evidence of any attack. At all. You are perpetuating a narrative that gives Kwon cover to rob post depeg LUNA buyers. W2g

      3 replies 1 retweet 5 likes
    3. FatMan‏ @FatManTerra May 25
      Replying to @jofo_real

      TFL losing tens of billions in paper profits isn't enough? They literally had multiple cash cows (Anchor, LUNA, Mirror) that they were slowly squeezing from at retail's expense; no point shutting it down this fast

      2 replies 0 retweets 8 likes
    4. Recovering TradFi Chad‏ @jofo_real May 25
      Replying to @FatManTerra

      Deposits minus borrows at Anchor was $11b pre depeg. All it took to saturate the UST-3Crv pool was 1-3 whales cutting gross exposure on a very volatile weekend Once the peg became unstable and highly variant across exchanges, a huge spike in bot activity is just what you’d expect

      1 reply 0 retweets 0 likes
      FatMan‏ @FatManTerra May 25
      Replying to @jofo_real

      True, definitely could be, that's why I'm open to the possibility that it was 'heavy sell pressure' which would likely be indistinguishable from an attack

      1:15 PM - 25 May 2022
      • 3 Likes
      • jmo 🌱 Gepard Recovering TradFi Chad
      0 replies 0 retweets 3 likes

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