These snippets are from his appearance on The Parsec Podcast last month. How more transparency with decision-making could have mitigated insider trading riskspic.twitter.com/A8x008odM9
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The LFG created & advertised a $3b Bitcoin reserve to defend the UST peg. Even if we grant zero embezzlement, there are big problems with how trades were executed.
Here are some brilliant insights from @Galois_Capital, former Head of Trading for Kraken turned hedge fund trader.
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The mechanics of the LFG trades (as described as of May 18), the problem with stop and go execution, and how an unethical market maker can clear their own toxic assets Part 1pic.twitter.com/0eEGGZefAz
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Part 2 Editor's note: This is why we need more transparency and accountability surrounding the circumstances of the trades - the information we have now simply isn't enough, especially since there is a fair chance that some level of investor fraud occurred during deployal.pic.twitter.com/MgFOPgQRc2
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End of conversation
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WE WANT THE PROMISED LFG COMPENSATION TO UST VICTIMS!!!!!
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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bro stop we understood luna is goine kwon was false.but dont act like all crypto loss is kwons failure.stop blame kwon.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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