body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width: 600px; margin: 0 auto; padding: 10%; font-family: Helvetica, sans-serif; font-size: 16px; } .errorButton { margin: 3em 0; } .errorButton a { background: #1DA1F2; border-radius: 2.5em; color: white; padding: 1em 2em; text-decoration: none; } .errorButton a:hover, .errorButton a:focus { background: rgb(26, 145, 218); } .errorFooter { color: #657786; font-size: 80%; line-height: 1.5; padding: 1em 0; } .errorFooter a, .errorFooter a:visited { color: #657786; text-decoration: none; padding-right: 1em; } .errorFooter a:hover, .errorFooter a:active { text-decoration: underline; } #placeholder, #react-root { display: none !important; } body { background-color: #FFF !important; }

JavaScript is not available.

We’ve detected that JavaScript is disabled in this browser. Please enable JavaScript or switch to a supported browser to continue using twitter.com. You can see a list of supported browsers in our Help Center.

Terms of Service Privacy Policy Cookie Policy Imprint Ads info © 2023 Twitter, Inc.

Conversation

web3 is going just great

Midas Investments platform closes after revealing they're $63.3 million in the hole December 27, 2022 web3isgoinggreat.com/?id=midas-inve

Lest the users be too upset that more than half of their assets no longer belong to them, fear not: Midas will be making up the difference in a new, valueless token that does not yet exist, but that will be associated with some future project that Midas has not described yet. You're welcome! They've also announced they will be pivoting to "CeDeFi". Yes, that is indeed short for "centralized decentralized finance". No, I am not joking.

read image description

ALT

2:34 AM · Dec 28, 2022

76.1K

Views

web3 is going just great

Replying to

oof, ouch

Decomposition of balance deficit: $14 million Ichi protocol in April 2022 $15 million DeFi Alpha portfolio in Spring 2022 $1.5 million due to Harmony bridge hack $3 million due to FTM token’s price change $15 million due to balancing MIDAS token sells on an illiquid market $10 million due to paying higher rewards in native and MIDAS Boost than what was being earned through DeFi

read image description

ALT

Sideshow Bob from the Simpsons repeatedly stepping on rakes

GIF

read image description

ALT

5

11

143

Replying to

They've got the touch!

7

Replying to

lmao replacing one defunct coin with another worthless coin. When will they get it.

1

Replying to

This reads like an Onion article and I love it.

30

Frank the Dasher

Replying to

Wow this sounds like an excellent deal! Let me get my wooden nickle collection out.

1

Replying to

How long b4 they get hacked and $10 million come up missing?

magneto incognito

Replying to

Who could have seen this coming when the story of Midas has such a happy ending?

1

14

Replying to

I love how crypto keeps uncovering new levels of surrealism. And thank you for keeping this site going, it’s priceless!

4

Replying to

lmao, isn't the whole point of this fake money nonsense that the "banks" don't have control over your "money"? And these guys can announce that they're just KEEPING 55% of all of your stuff??? Absolutely hilarious

14

exactly 7 stations

@Exactly7Pandas

Replying to

cedefi as in "cede your finances..."

17