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Who borrowed 100.000 BTC?

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@manniman
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Who borrowed 100.000 BTC?

BitBoy Crypto is not letting go of the UST Crash and good for them, they really shouldn't! They dopped another good video with their O-P-I-N-I-O-N! https://www.youtube.com/watch?v=nxmGgBBFr2A

Now we actually know about all the weaknesses of the former LUNA/USDT Algo Stablecoin connection:

The most obvious:

  • "Over-lend" on Anchor
  • Unstable Conversion Tokenomics
  • No Death Spiral safety mechanics
  • Overhyped Luna price
  • Centralized Reserves in BTC dropped significantly in value
  • poor crisis management
  • USDT Premine with no value backing

Maybe you got some more for me? Would be cool to read them!

(I'll put a fat upvote on every additional weakness in the comments)

Still, NOW, here we go, who the hell borrowed 100k BTC? That's 0.5% of the all-time max supply of BTC in ONE TRADE?! Are you kidding me? That's a big red flag!

Nothing is proven yet, cheers.