Beanstalk DAO falls to a corporate raid, funded by flash loan junk bonds
The end of a long chain of slapdash and incompetent financial engineering, by people who just found out why regulations evolved. Also, LOL.
Tag: dao
Web3: a VC-funded gig economy of securities fraud
If you look at a “Web3” offering and just think of it as a pump-and-dump onto retail investors, everything will make much more sense.
News: Sanctioned Russians try to dump Bitcoin; no crypto ATMs in the UK; Bored Apes underwear fails; Associated Press NFT plan; football sponsorships; how Facebook’s Diem died
You can’t cash in billions of dollars of bitcoins instantly — but sanctioned Russians are trying.
News: BBC pulls crypto documentary, sports NFT failures, mining in Siberia
“Does Anyone else working in a crypto company feel this is all a scam?”
News: World Wildlife NFT, Diem sale details, ECCB DCash offline
Admittedly, NFTs are not as bad as that time the WWF ended up funding mercenaries to rape, torture and kill suspected poachers. Whoops!
ConstitutionDAO — a $20 million stupid Ethereum trick
Either this is an elaborately preplanned rugpull — or it’s actually the dumb stunt it appears to be.
News: Bitcoin miners can’t sell their bitcoins, SushiSwap theft, Coinbase Lend, crypto seasteading
’Twas on the good ship ’Toshi, by Craig you should have seen us, it was a little squashy and the end result was “penis.”
News: no crypto banking in India, SEC, Texas treats stablecoins as money transmission, cross-EU crypto rules, Bitmain CEOs step down, Tron is nonsense, Girlfriend on the Blockchain
Girlfriend on the blockchain, I know it’s serious.
News: Venezuelan Petro, BitFunder arrest, Ethereum security holes, Long Blockchain, bad blockchain legislation, DAICOs
No, nobody can make sense of Venezuela’s Petro, because it doesn’t make sense. Plus more bad blockchain legislation, and SEC charges for fraudulent behaviour dating back to the Golden Age of Bitcoin.