Those of you waiting for the earth to become unstable-
I’m afraid you will be waiting until the age of men expires
Cities have returned to the dust
Oceans have gone bone dry
The map of continents have been drawn anew
And dinosaurs once again roam the earth
Gluck
— Do Kwon ? (@stablekwon) May 8, 2022
Deploying more capital – steady lads
— Do Kwon ? (@stablekwon) May 9, 2022
Close to announcing a recovery plan for $UST. Hang tight.
— Do Kwon ? (@stablekwon) May 10, 2022
Getting close … stay strong, lunatics
— Do Kwon ? (@stablekwon) May 10, 2022
14/ Terra’s return to form will be a sight to behold.
We’re here to stay. And we’re gonna keep making noise.?
— Do Kwon ? (@stablekwon) May 11, 2022
2/ I still believe that decentralized economies deserve decentralized money – but it is clear that $UST in its current form will not be that money.
— Do Kwon ? (@stablekwon) May 13, 2022
‘Predictable, if you knew the details’
For those following along, the decentralized stablecoin has declared a bank holiday by installing limits on onchain redemptions and getting major markets to suspend trading
— nic carter (@nic__carter) May 10, 2022
I only have one human brain and it’s definitely not big enough to digest the latest rumor on who first started attacking UST’s peg.
— Muyao Shen (@MuyaoShen) May 10, 2022
Just as the outside view skeptics predicted, during a large market move a stablecoin blew out. Just not the stablecoin they predicted.
Which was predictable, if you knew the details.
This isn’t a comment about good vs bad–it’s about how important it is to know the details!
— SBF (@SBF_FTX) May 10, 2022
I may have a secret plan?
— H.E. Justin Sun ???? (@justinsuntron) May 8, 2022
5. I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover the UST peg. So far, we have not gotten any positive response, or much response at all
— CZ ? Binance (@cz_binance) May 13, 2022
‘Soros style’?
One of the worlds most credit worthy firms:
Borrowed 100k $BTC
Shorted into Kwons Twap buying
Swapped 25k $BTC to TaeKwonDo for $UST
Aggressively dumped the remainder on spot over past week.
Started unloading $UST near bottomPlease welcome @Citadel to crypto
Give it up for Ken https://t.co/Hs6o6oE4le— napgener 0xBullMarket (@napgener) May 9, 2022
We are aware of a recent story that suggested Gemini made a 100K BTC loan to large institutional counter-parties that reportedly resulted in a selloff in $LUNA. Gemini made no such loan.
— Gemini (@Gemini) May 11, 2022
Blackrock and Citadel did not kill ust
you guys are smoking crack
— icebergy ❄️ (@icebergy_) May 11, 2022
How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:
Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in? pic.twitter.com/nGVfqjpVJb
— Onchain Wizard (@OnChainWizard) May 10, 2022
Probably the most retarded thread ive read this decade.
Silence is a perfectly acceptable option if stupid.
Billionaires in my following, go ahead, see what happens https://t.co/wtt9OhX4kg
— Do Kwon ? (@stablekwon) November 28, 2021
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Source: https://decrypt.co/100423/this-week-on-crypto-twitter-do-kwon-takes-heat-for-ust-failure