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FatManTerra's profile
FatMan
FatMan
FatMan
@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 28

      🧵👇 This isn't Do Kwon's first rodeo. Before UST took off, back in 2020, Terra's first big initiative to defraud retail was a lot more obvious - far less elegant and way more clunky. Clearly, they learned a lot, as their next endeavour made billions more. Let's dig in... 🧵👇pic.twitter.com/PcOa0CCArY

      89 replies 385 retweets 1,259 likes
      Show this thread
    2. RoyalNegotiation‏ @RoyalNgotiation May 28
      Replying to @FatManTerra

      Trying to wrap my head around this.. AFAIK, Chai seems like a crypto debit card, not an exchange. Where does the liquidity come from to steal millions when no pools big enough to cash out even exist?

      1 reply 0 retweets 2 likes
    3. FatMan‏ @FatManTerra May 28
      Replying to @RoyalNgotiation

      Most likely that TFL set up a shell business/store and routed payments to themselves through Chai. Once that's done they can take the KRT and sell it on an exchange. This explains the weird spikes.

      1 reply 1 retweet 4 likes
    4. RoyalNegotiation‏ @RoyalNgotiation May 28
      Replying to @FatManTerra

      I appreciate the response. Honestly, we’re getting into pretty deep conjecture here with the “most likely a shell corp” stuff. I mean, imagine hearing that as a judge u know? If I were you I’d find something a little more solid before spending on lawyers.

      3 replies 0 retweets 3 likes
      FatMan‏ @FatManTerra May 28
      Replying to @RoyalNgotiation

      Maybe, several people close to TFL including doxxed ex-employee Hyungsuk Kang confirmed that they were laundering money through Chai, I believe sworn testimony alongside this information should do the trick. But yeah it will be a tough legal battle - luckily we've uncovered a lot

      4:38 PM - 28 May 2022
      • 1 Retweet
      • 7 Likes
      • Montana Thomas Kelly Hyon-Suk Kim laotzu (☯️,☯️) ibr63 Vanessa Wendy Lambo
      1 reply 1 retweet 7 likes
        1. New conversation
        2. RoyalNegotiation‏ @RoyalNgotiation May 28
          Replying to @FatManTerra

          If you wanna win, you’ll have to find on chain data. Without it, even sworn testimony can just be hearsay. If you can’t show SDT -> KRT -> KRW on chain you won’t get far. Do you have any info from Chai’s network? Was there ever a bridge from Terra? AFAIK it was its own chain.

          1 reply 0 retweets 1 like
        3. Vanessa‏ @Vanessa20624901 May 28
          Replying to @RoyalNgotiation @FatManTerra

          And don’t give too much away on here either (they could cover their tracks) Sometimes best to keep top info for the battle 🤐😉💪🏼🙌🏼

          1 reply 0 retweets 2 likes
        4. Show replies

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