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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 Jun 1

      I love the cryptocurrency ecosystem, and it may have a bright future, but the biggest problem we have to address is the sheer lack of accountability. The lack of integrity. Liars & grifters can swindle at an unimaginable scale. The community must act. Here are some big lies.

      119 replies 209 retweets 1,198 likes
      Show this thread
      FatMan‏ @FatManTerra Jun 1

      The Chai Lie Do Kwon went around on podcasts telling people Chai x Terra was being used by major Korean merchants, and nobody called him out on the fact that Chai had no users and no real merchants at that time. It was a scheme for TFL to launder money out. No accountability.

      3:42 AM - 1 Jun 2022
      • 26 Retweets
      • 293 Likes
      • dany OHOYA CryptoEdgeHunter Joe Faber VR 🔥🕊️ msof Ur Avg #Lunatic 🌖 Slowly Moley hideyoshi BlueMoonGamer
      16 replies 26 retweets 293 likes
        1. New conversation
        2. FatMan‏ @FatManTerra Jun 1

          The Multisig Lie Do Kwon publicly told people multiple times that the LFG funds were being held on a multisig wallet controlled by 7 directors. In fact, only TFL controlled the wallet, and Do Kwon pulled out the last batch of coins without a board vote. No accountability.

          5 replies 35 retweets 272 likes
          Show this thread
        3. FatMan‏ @FatManTerra Jun 1

          The Peg Defence Lie The $3b removed from the LUNA ecosystem for ongoing 'peg defence' was instead used as a bailout treasury for when the peg had already collapsed, and was also used to purchase large tranches of LUNA OTC, which was never a disclosed mandate. No accountability.

          6 replies 32 retweets 277 likes
          Show this thread
        4. FatMan‏ @FatManTerra Jun 1

          The Project Dawn Lie TFL gave themselves a monthly allowance of 3M LUNA for 'Project Dawn' infrastructure improvements, promising monthly reports with full transparency. These reports never came, and a lot of this LUNA was moved off to centralized exchanges. No accountability.

          1 reply 22 retweets 235 likes
          Show this thread
        5. FatMan‏ @FatManTerra Jun 1

          The Terra 2 Distribution Lie Do Kwon told the validator chat room that TFL owned 0 tokens. They told you this would be a community chain. And yet, wallets controlled by TFL secretly siphoned off over 3.3% of the supply (vesting), currently worth over $230m. No accountability.

          23 replies 56 retweets 380 likes
          Show this thread
        6. FatMan‏ @FatManTerra Jun 1

          The community must band together as a force and call out these vultures when their lies arise. Let there be consequences. Let there be transparency. Let there be justice. Every lie, every scam, is a stain on our beloved space and brings us one step further from our aims.

          27 replies 60 retweets 506 likes
          Show this thread
        7. End of conversation
        1. New conversation
        2. hohnekk.kuji  🐳  🌔‏ @hohnekk Jun 1
          Replying to @FatManTerra

          to my knowledge chai was used at a point, then some regulatory stuff happened in korea and it wasnt use anymore. to be confirmed.

          1 reply 0 retweets 1 like
        3. FatMan‏ @FatManTerra Jun 1
          Replying to @hohnekk

          Yeah, they cut off ties in 2019-2020, but Do kept claiming Chai/KRT was being used by major Korean merchants all the way up until March 2022 - outright lie

          2 replies 1 retweet 13 likes
        4. Show replies
        1. Johnny 🌘‏ @Johnny_ust Jun 1
          Replying to @FatManTerra

          This is 100% falsr. I had friends and family in Korea use Chai on a daily basis in 2021. Looks like you also need to be fact checked and held accountable for false accusations.

          3 replies 1 retweet 20 likes
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        1. etienne‏ @0x6A5E66 Jun 2
          Replying to @FatManTerra

          etienne Retweeted etienne

          https://twitter.com/0x6A5E66/status/1532316130882334720 …

          etienne added,

          etienne @0x6A5E66
          This is 100% a lie. My gf and me used chai daily. 80% of my spendings while living in Korea were through Chai. We often met people in shops using Chai. There was 2mio+ koreans using Chai. Honestly you’re losing all your credit with stupid claims like this. https://twitter.com/FatManTerra/status/1531949296966303746 …
          3 replies 0 retweets 2 likes
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