Ponzi is not a scam, but Ponzi will definitely collapse. Although it participated in a bubble, dk is still quite charming. The decentralized world needs decentralized stable coins.
Terra Foundation Luna Foundation Guard (LFG) released a technical report audited by third-party auditing company JS Held. The report showed that LFG spent US$2.8 billion (80,081 Bitcoins and US$49.8 million stablecoins) to prevent UST from decoupling. In addition Terraform Labs (TFL) also spent $613 million of its own funds to prevent UST from decoupling. Reports indicate that all LFG funds were used to prevent UST from decoupling, with LFG’s wallet address balance being the only remaining funds
FTX collapse: a personal account from a witness: a huge defeat, panic, and tears
Written by: An employee who claims to have joined FTX two days before the collapse
Compiled by: Yobo
When I landed in Hong Kong on the evening of November 8, I had already read the voices questioning Alameda’s balance sheet on Twitter. The Coindesk report further aggravated the market’s concerns. Alameda CEO Caroline said the balance sheet does not fully cover Alameda's assets. Although not long after, Binance CEO CZ announced that he would sell his FTT tokens worth approximately $500 million. But Caroline responded that Alameda would be able to absorb the FTT selling pressure in the market and gave a "hard bottom" of $22 when the FTT market price was $25, and this was just the beginning of the story.