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MidasTheFool Profile picture
MidasTheFool
@MidasTheFool
💬Crypto comics 📚researcher/analyst 🎨🗣My comics are just to collect smiles and laughs. There are no shills.
Nov 7, 2022 • 31 tweets • 14 min read
Unlike the rest of us, you have a life and have come back to chaos. Now you are wondering what is going on.

FTX insolvency rumours and delayed withdrawals, CZ threats, and all.

Grab some 🍿
A recap 🧵: 1. It all starts with a leaked balance sheet from @CoinDesk. The sheet shows that Alameda (the trading arm of FTX) predominately holds $FTT and illiquid alt coins, while taking out massive loans against them.

coindesk.com/business/2022/…
Jun 15, 2022 • 18 tweets • 5 min read
Current #3AC situation summarized:

3AC has $245M of $ETH deposited on lending platform @AaveAave

From this, they have borrowed $189M in $USDC and $USDT

This puts their Loan-to-Value ratio at ~77%

They must keep this below 85% At current collateral/loan values, 85% or liquidation of their $245M of ETH occurs when $ETH hits $1034

Their options:
1) Deposit more USDC/USDT to bring down loan
2) Add more $ETH
3) Pump the price of $ETH

I'm sure the sharks are out there trying to dump ETH.
Jun 15, 2022 • 7 tweets • 2 min read
It's not over yet...

3AC Liquidation ETH Price:

1042..?

Health factor 1.13... liquidates at 1.00

God speed comrades... Last repayment was over 21 hours ago...

health factor now at 1.09

Don't let me down boys.
Jan 27, 2022 • 15 tweets • 4 min read
Who exactly is @0xSifu? aka Michael Patryn? aka Omar Dhanani?

I've had the unfortunate pleasure of following this criminal for years. A thread on why we need this guy out.

$TIME $WMEMO $SPELL 1/ Currently affiliated with @Wonderland_fi as CFO and on the multi-sig of the 800M+ treasury. His wallet expanded from 45M to 450M+ and is currently funneling out the funds now that @0xSifu has been ousted as his real identity.
Jan 27, 2022 • 18 tweets • 10 min read
1/ Some of the biggest Defi Protocols are helmed by a known criminal and scammer Michael Patryn who owns $400M+. I will try to explain the insane crime drama unfolding regarding $TIME $wMEMO $SPELL @0xSifu @danielesesta 2/ Less than 48 hours ago, the @Wonderland_fi protocol was under attack. Most seem to believe it was a liquidation cascade set off to target @danielesesta who lost 8 figures in the attack. The attack was done while he slept. Dump seen below
Nov 12, 2021 • 21 tweets • 10 min read
Defi Wars Pt 2 (Curve Wars – The @Tetranode Strikes Back)

A follow up. I will try to do a deeper dive of the events since yesterday's $MOCHI listing.

A tale of threats, scams and FUD for the future of Defi.

🧵👇

Soon after my last thread and @Tetranode's threats settled, $MOCHI resumed the pump. Quickly bouncing from its dip and hitting ATH. Many rallied behind $MOCHI and @AZtztk, cheering for the "underdog" against the bully whales.

"How is this decentralized if a whale can bully?" Image
Nov 11, 2021 • 14 tweets • 8 min read
Defi Wars. Looks like the stage has been set. I will attempt to give a brief overview of the situation, but keep in mind the dust hasn't even settled from tonight's events.

$MOCHI @MochiDeFi @AZtztk vs... A lot.. @Tetranode @OlympusDAO @Keeper_DAO @AndreCronjeTech +more

🧵👇 There is a giant ongoing war to accumulate enough influence and power over the @CurveFinance Protocol.

After all, it is the largest decentralized defi exchange in terms of TVL.