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Larry Cermak Profile picture
@lawmaster
Sep 11, 2020 • 4 tweets • 1 min read • Read on X
I am all for rewarding the founders and aligning incentives over the long term but the upfront payment of 500k SUSHI (worth nearly $1.5M) is a little too much for two weeks of work. I won’t be publicly supporting this proposal.
My counterproposal is a low up front bonus (50k SUSHI) and large vested reward over the long term + bonuses over milestones decided by the community. As a multisig holder, I will vote for what the holders decide on but feel strongly that the current proposal is not a good idea
Glad Andre agrees as well
Updated proposal is up

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More from @lawmaster

Larry Cermak Profile picture
Mar 31, 2023
Some personal news after a much-needed Twitter hiatus. Today, I'm stepping into the CEO role at The Block. I’m also excited that @EvgenyGaevoy is joining the board, and together with the team, we'll work to strengthen our position following a challenging year.
Almost 5yrs ago, after months of @mdudas relentless recruiting, I joined The Block during the last bear market. Very few cared about crypto then. My goal was to build the best crypto research team and to establish The Block as a go-to firm helping institutions navigate crypto.
We were lean, scrappy, and really wanted to win. Everyone was doing whatever was needed and loved doing it. As the bull market came, we saw tremendous growth. After Tesla announced their BTC buys, the research business exploded as institutional interest increased exponentially.
Read 6 tweets
Larry Cermak Profile picture
Nov 10, 2022
The withdrawals from FTX seem really weird. Some of them actually go to Binance deposit addresses, and some of them appear to be fresh wallets which could indicate a consolidation. Some pretty large (100k+) processing as well
This Binance deposit wallet for example received $400k already. So could be preferential withdrawals etherscan.io/address/0xc2fa…
Etherscan barely working as literally everyone is watching and trying to play long/short FTT based on it LMAO
Read 7 tweets
Larry Cermak Profile picture
Nov 7, 2022
For the sake of transparency, I'm releasing my entire database of all wallets labeled as Alameda.

1. Total on-chain balance decreased by $230M in the last month (47% decrease)

2. Most of the funds were deposited to FTX and Genesis
Always important to caveat that on-chain data (on Ethereum only) will never provide a full picture of what's going on. There are a lot of off-chain holdings and it's also theoretically possible Alameda is just creating new wallets so it's not as easy to track by idiots like me
Link to the sheet here: docs.google.com/spreadsheets/d…
Read 5 tweets
Larry Cermak Profile picture
Aug 23, 2022
0xb1 is completely full of shit. He claims 0x8cc, which washed Celsius funds through Tornado, is not his wallet but:

1. He accidentally swapped dust ETH to FODL

2. He tried to Sybil Ukraine Crypto Donation with 0.1 ETH from all his addresses around the same time
Accidental FODL swap

etherscan.io/tx/0x16cf625fd… Image
Three sybil transactions trying to get the Ukraine airdrop at the same time

1. etherscan.io/tx/0xf7965b62d…

2. etherscan.io/tx/0xa8aefb3a5…

3. etherscan.io/tx/0x8fb2b0895… ImageImageImage
Read 6 tweets
Larry Cermak Profile picture
Jun 13, 2022
In the interest of transparency, I am releasing my database of all wallets that I believe belong to Celsius.

Currently, there is still roughly $1.5billion sitting on them.

Also please keep in mind that on-chain labeling is not an exact science. I could have made some mistakes
Please keep in mind that there could be mistakes. The list might not be complete and I could have possibly mislabeled some over the years of tracking them. If you want the full list in Excel format, please respond under this tweet and I will DM a link.
Alright too many requests, link is here: docs.google.com/spreadsheets/d…
Read 4 tweets
Larry Cermak Profile picture
May 16, 2022
Really difficult to be in the “failed experiment but at least they tried” camp when there is still no info about hundreds of millions of BTC in the reserve. Twitter accounts look like they have been taken over by lawyers. CT really should put more pressure into getting info ASAP
In all the documents Terra used to raise, the reserves were collected specifically for defending the peg, not to serve as a treasury in case the peg failed. Really fucking absurd it’s been days and nothing.
Read 4 tweets

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