To put it lightly, it has been a wild year for the crypto sector.
In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in cuffs.
In this article, Cointelegraph has selected 10 crypto-related tweets that have aged like spoilt milk.
On May 10, just as the algo-stablecoin formerly known as TerraUSD started to fall below its dollar peg, the Terraform Labs founder attempted to allay fears of a further depeg, tweeting: “Deploying more capital - steady lads.”
Well, we all know what happened after. The collapse of the Terra ecosystem in May 2022 saw more than $40 billion wiped from the market in that month alone.
Deploying more capital - steady lads
Since then, Do Kwon and the remaining Terra community have tried to revive the project with a newer stablecoin coming into the works. TerraUSD has since been rebranded to TerraClassicUSD (USTC) and is worth $0.02 at the time of writing.
Next on the list is Kwon’s famous response to crypto trader Algod, who outlined on March 9 that if LUNA “breaks new ATH’s I will short it with size. It’s a big ass ponzi, pretty sure VC’s will also hedge their investments on perps.”
Kwon then hit back by essentially calling Algod poor, stating, “Yeah but your size is not size” before adding, “$10 short incoming, everyone take cover.”
Yeah but your size is not size
This of course was memed back to Kwon on many occasions during and after he went into damage control mode as TerraUSD spiraled out of control.
Sam Bankman-Fried (SBF) has a near-endless amount of statements that likely look terrible in current
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