DWF was all over otter's news feed this week
otter loves a good scandal so otter went digging
and what otter found
was that we may be caught up
in a narrative war between two MM companies
but first, like & retweet and enjoy this tale
🦦🧵👇🏼
DWF was brought to otter's attention with the memes and posts by
@HsakaTrades
@0xtuba
@WuBlockchain
@tristan0x
DWF seems to be a market maker (keep in mind for later)
DWF is a new company, established less than a year ago
why all the sudden attention at the same time?
it all felt coordinated
so otter went a-digging
the first crypto publication to fire DWF into our feed this week was an article by @yogita_khatri5 at @theblock__
to jolt your memory
The Block has:
1. received secret funding from FTX stolen funds to keep the lights on
2. exCEO received money from SBF & Alameda to buy a mansion in Bahamas
3. accused by CZ to run hit pieces on Binance
4. deleted their previous "journalistic pieces"
🦦
1. received secret funding from FTX stolen funds to keep the lights on
twitter.com/otteroooo/status/1602727850376802304?s=20
2. exCEO received money from SBF & Alameda to buy a mansion in Bahamas
@CoinDesk
3. accused by CZ to run hit pieces on Binance (a competitor to FTX)
twitter.com/cz_binance/status/1560261043213201408
4. deleted their previous "journalistic pieces"
what are they hiding...?!
why would a news outlet delete their news archive?!‼️
@davidgerard
its clear otter is no fan of The Block since 2022
then
The Block took on Evgeny, Wintermute CEO as a board member
otter's alarm bells rang
🦦🚨‼️
otter wonders
why would a market maker CEO be a board member of news company?
is he there to provide journalism expertise?
is he there to ensure ethical journalistic standards?
what's more, they claim he's doing this as a charity!
no money changed hands!
wait a minute!
no money changed hands because..
the money was moved before!
The Block itself disclosed two weeks later that Evgeny "holds an equity stake"
oooooooops!
what a sly selection of words from @evgenygaevoy's previous tweet to mislead us
retweet this everybody
🦦
so if @cz_binance was right about The Block being used to write hit pieces on Binance
while writing puff pieces on FTX instead of criticizing and examining FTX (the hand that feeds The Block)
is it possible that they are at it again?
always follow the money
now we know there's an unholy alliance between
@TheBlock__ and @wintermute_t
Has journalistic integrity been compromised by Wintermute?
the biggest news this month is about how Wintermute received $ARB tokens to dump onto retail BEFORE THE DAO voted
one may even argue that because of Wintermute colluding with Arbitrum team behind the DAOs back partially contributed to
the price of $ARB dropped from $11.1 (listing price) to the $1+ that it is today
after all
Arbitrum team only sent $ARB, and not stables or eth to purchase
alleged dumping of the airdrop got us all hot and bothered
without the dumping our $ARB airdrop value may be 10x more
were we airdrop-rugged by Wintermute?
the usual cast of investigators have their eyes on Wintermute now
Did a bit of digging into Wintermute
Wintermute lost $160 million in a September 2022 “hack” on their DeFi operation
another $59 million in FTX
this "defi hack" is pretty interesting
why are tokens simply sitting in a wallet?
these are supposed market makers
why isnt the funds being deployed as liquidity in the order books where they belong
were these @wintermute_t profits?
maybe @TheBlock__ should investigate?
The Block may have never investigated Wintermute
But @Protos sure did
And Protos may be the only crypto news media worth following
Drop the good folks at Protos a follow
twitter.com/Protos/status/1644254531708936193?s=20
maybe if the CEO wasn't busy sitting on news media boards
they would have more time to be careful against hacks, leaks & losing money
according to @quant_arb
Wintermute (WMT) is a dumpster fire
here is what @davidgerard has to say about Wintermute surprising ascend
he runs an amazing blog
drop the man a follow too
back to the DWF narrative
why is DWF in the news two weeks after competitor Wintermute CEO sits on a news media board of directors?
is The Block used to fire hit pieces at competitors of its owners yet again?
we may never know the answer
yet one thing is for sure
when a narrative in crypto comes sudden
and coordinated
there's always more than meets the eye
are we baited into a narrative
because one MM company is losing to another newer MM?
or to divert attention away from $ARB airdrop dumping?
don't get otter wrong
otter isn't defending DWF
all hoomans are dirty evil creatures
otter just wants to protecc
protecc your net wealth
protecc you from predatory narratives
protecc our airdrops from dumpooooors
🦦
who is otter...?
twitter.com/otteroooo/status/1597605022283333632?s=20
this thread would not be possible without them:
@HsakaTrades
@0xtuba
@WuBlockchain
@Tristan0x
@cz_binance
@CoinDesk
@davidgerard
@TheBlock__
@wintermute_t
@cryptadamist
@dirtybubblemed3
@Bitfinexed
@ParrotCapital
@BearNakedCrypto
@bigmagicdao
@sat0moto
@ParrotCapital