For clarify few things up
A thread

1/6 There’s an guy who named Wang has pretended to be a team member of a DeFi derivative project,and he resold and oversold his allocation to some retail investors at a higher rate. And the token price up 60x+ at 1st token release.
2/6 He wanted to keep the profit to himself, so refunded most of the principal back to those retail investors. They are pretty upset because they transferred the principals to him back in late 2019 , which means they’ve missed the whole bullrun .
3/6 They reached out to me, bcuz me myself also an angle investor of that project, so I connected them to team, with the evidences provided, the team clarify the whole thing, but also found out that Wang has violated the initial agreement.
4/6 Hence they terminated the contract with Wang, refunded his principal,and he went furious about it , he’s been threatening the team ,me and those retail investors for quite awhile, cuz he lost about 70% of remaining unlocked token back then. Which worth is worth $millions now
5/6 All the claims in that article he paid for spreading are false, In now day you can easily forge chat history through P.S or alt account ect.And audio deepfakes are widely abused since it’s not so hard to access ,here’s a video post by police department warn people about it.
6/7 and all the evidences were submitted to the law enforcements, cuz they are the only ones who’s able to identify the truth from false. and my lawyers is handling for me, but it might take over a month to process
7/7 he might be continuing spread fud, but I’ll let law enforcements to taking the whole thing from here and won’t be responding it from now on expect the lawyer’s letter which will be posted tmr. cuz I rather spent my time&energy on finding new GEMs instead of bollocks like this
It’s hard to address this publicly since there’s a lot of compliance concerns, hope this can be understand.

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More from @bigmagicdao

3 Nov
大概说之下我们@Magicventures1 今年的一些投资逻辑吧. 太远的记不太清了,就从今年夏天的NFT season 开始吧,其实我们当时也是挺焦虑的,但是在很快就冷静了下来,因为这流动性太差了,买入后出手需要很久的时间,还有就是生命周期也挺短的,所以非常不适合我们这种没有耐心,又不能24小时盯着市场的人
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there's a mad mad story about how the most notorious crypto mining mafia colluded with gov official in jiangxi, screwed Genisis Mining, led to central gov in china cracking down on crypto mining, and caused the big dump in May 19th.
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On May 10th, CPC Central Commission for Discipline Inspection annonced that a ministerial level gov official in Jiangxi provincial Xiao Yi is under investigation. words on the street the main reason of Xiao under investigation is becuase of Bitcoin.
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We gonna witness a history in bitcoin mining tonight, all mining farms (about 8m kw electricity load) will shutdown at 12pm Beijing time tonight, Harare rate already dropped significantly after sichuan gov announce shut down bitcoins mining farms in Sichuan. Image
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The video is posted by the miners who got their mining farms near dadu river on WeChat. Here’s more info about this mining farms shutdown thing.
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