🧵 I've been using this account to document the Terra fraud, but there's a lot of info and it can be hard to parse. Here's a simple summary thread (linking to past tweets) outlining the key milestones in Do Kwon's destructive path of fraud - proving malice, greed, and crime.

My god, this case is beautiful. A crypto scammer got a year in jail for stealing $20m. He was ordered to pay it back. He didn't - and instead started bragging about how the money was "untouchable". The judge got pissed and just gave him 12 more years in prison. So satisfying 🤣.

Interesting. Every day, quietly, a few hundred million is going into Bitcoin ETFs. Last working week, a net average of $442.9m went into Bitcoin ETFs per day!. To me this is an early sign of the slow erosion of trust in bonds.

The main long horizon risk for Bitcoin IMO is actually lack of governance and ability to make structural changes to the code, but that's a topic for another day and quite far away.

There are bigger more systemic factors at play than this war:. - National debt crisis tipping point arriving this decade.- Extreme rise in QE/inflation.- Devaluation of the dollar in real terms. Gold and Bitcoin are interestingly positioned to capture value when the flight begins.

Guy who dumps insider allocations on his followers after shilling high-risk shitcoins getting mad at people promoting casinos.

I'm seeing a lot of "change all of your passwords" but this "new leak" is just a big aggregation of old leaks. Google, Telegram, etc. were not breached directly. Having unique passwords is still a good idea but there is no nuclear emergency that requires you to panic right now.

RT @ChainLinkGod: Jump is back, crime season is real. One of the most demoralizing parts of crypto is that there’s ~zero accountability for….

There's a surprising number of teenagers that routinely gamble tens of millions on Stake. Gambling on a public DEX via high leverage while tweeting is a smarter move, because even if your bet loses, you can call it "skill" or "work" and build a captivated following on the side.

Insane plot twist, and a very dumb thief. Source:

I almost didn't believe my eyes when I read this story. The police seized $20m from the scammer. A Spanish government employee stole all the money and sent it to his own wallet. 🤯. He almost got away with it, except he left his seed phrase lying in his house and got caught. .

RT @sherlock_hodles: 3 years ago today

RT @kaiynne: I knew Do pretty well. We met in 2018, I was in a group of stablecoin founders for years that was very active. He knowingly an….

More evidence in the article below. These guys will - pardon my language - rape the industry (again), and honestly, no one will do anything about it, and they will probably settle again and get away with it.

Jump misled investors, causing billions in losses. They fathered the Terra Ponzi, orchestrating a secret bailout but telling investors it was market strength. Only three months ago, they paid $123m to the SEC with victims' money to make it go away, and now they're back to scam.

The vast majority of people (who lack an edge) would be best served with some BTC, some index funds, maybe some ETH or some gold, and never touching the memecoin casino. But saying that doesn't get these influencers likes.

Notice how they stopped saying what the "right thing" to buy actually is. The tickers they used to call, when they called them, are now mostly down 80-90%. Engagement baiting and cope farming across the board.

The whale who went 50x long yesterday (using only $4m in capital to create a 200m position) is now up over $5,000,000, coincidentally perfectly timing Trump's Truth Social post confirming a United States Crypto Reserve 🤔

The other day, I got a sophisticated scam message from a "Bloomberg journalist" (using a government-verified Twitter account!) asking for an interview. He refused to answer any questions about Kim Jong Un, and when asked to call him a dictator, he stopped replying entirely. 💀

Yes, this is the same guy that raised money from investors and went bust (and then everyone forgot)

People like this, selling false hope and lies to the masses, should be held accountable more. They get away with anything, and everyone forgets.