Totally Legal but Totally Immoral
6/ Sold 33,206 $BTC for an aggregate 1,164,018,521 $UST
https://twitter.com/LFG_org/status/1526126713062576128
then
https://twitter.com/Southrye/status/1526233830511808512
@mst1256 May 16 Replying to @LFG_org
Wait wait wait, so TFL sold BTC for UST with a quoted price of $1 when it was trading on exchange for .7 or lower? @AlgodTrading @GCRClassic @cz_binance
@Southrye May 16
Yes. It appears to be a bailout. Since the liquidity was done privately it also had no affect on protecting any peg as it appears there was ZERO buy pressure on UST.
“The millions of Hodlers around the world set the floor which is why #Bitcoin will never fail. I will never return to storing my value in fiat money. Ever.” -@DylanLeClair_
<—> Mt. St. Helens <—>
I will never forget Mt. St. Helens watching all the ash fall.
A moment of appreciation for #volcanologist David Johnston. 42 years ago today, he was monitoring Mt. St. Helens for @USGS when it unexpectedly erupted. He shouted into his radio, “Vancouver, Vancouver – this is it!”
Johnston was swept away by the lateral blast and his body was never found. But by helping to convince authorities before the eruption to close the area to tourists, despite immense pressure to keep it open, his work saved thousands of lives.