JUST IN: Do Kwon reportedly cashed out $2.7 billion in the span of a few months prior to the $LUNA / $UST collapse.
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Without the relevant context, this one-liner feels somewhat misleading. Yes, he converted $2.7b of UST to various stables, and we need proper accountability/transparency as to where that went, but this tweet by itself makes a heavy (and possibly untrue) insinuation.
There is a reason I had an entire thread describing the methodology and implications of this liquidity removal. Those are important contextual details and shift the implications of the relevation in a meaningful manner, IMO. Your account has always been lazy pseudojournalism.
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Anonymous account… owned by do Kwon’s cousin … lol
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They are very cherry picking 'news' on behalf what they are doing. They didn't mention that Ethereum burned more than 2% of it's supply in less than 10 month.. They are censoring the same way as every greedy human being doing it.. the human factor...
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Like most and news stations, most read headlines not articles unfortunately
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Watcher Guru is a click machine. No insight, often incorrect or old news tweeted as breaking.
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Whatever happened in the past we cannot alter, but we can influence the future... let's concentrate on what we can do to help bring prosperity to those that are in dire straits due to this debacle. A hanged person cannot make amends.
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Stop defending him else u also end up in jail with him...
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Mind explaining?
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So him cashing out so if a collapse happened that would make him fine and screw others doesn't bother you?
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I guess it depends what portion of his holdings, also whether he had reason to believe things would crash.
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