The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugSBF Sent to Jail for Punchable Face Violation
PALO ALTO — Currently living with his parents while out on bail pending trial, Sam Bankman-Fried, aka SBF, was arrested on Friday when his bail was revoked by Judge Lewis Kaplan. According to court records, Kaplan noted, "a flagrant disregard for the court’s order to ensure the public display of his physical appearance does not compel others to violence." In other words, SBF was told not to publicly display what is more commonly known as a "punchable face," yet he did anyway. Early in his ine...
Web3's mostly credible news source. We take money, seriously.
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugSBF Sent to Jail for Punchable Face Violation
PALO ALTO — Currently living with his parents while out on bail pending trial, Sam Bankman-Fried, aka SBF, was arrested on Friday when his bail was revoked by Judge Lewis Kaplan. According to court records, Kaplan noted, "a flagrant disregard for the court’s order to ensure the public display of his physical appearance does not compel others to violence." In other words, SBF was told not to publicly display what is more commonly known as a "punchable face," yet he did anyway. Early in his ine...
Web3's mostly credible news source. We take money, seriously.
Share Dialog
Share Dialog
Subscribe to The Rug
Subscribe to The Rug
>300 subscribers
>300 subscribers
LONDON — Curve CEO Michael Egorov owes money all over the blockchain. The DeFI guru is 80 M in debt, leveraged to his eyeballs, and staring down the barrel of a margin call shotgun.
Blockchains, and their protocol's, are notorious for being "unhuman", that is strictly ran on code. However, given the outsized position of Egorov's debt he now has several petty thugs passing his photo around town, and asking if, "anybody has seen him."
Unfortunately the thugs are not that bright, and they are using his PFP as a most recent photo. Egorov notoriously sports a BAYC X profile pic, and so simply has to not where an ape costume around London to remain safe from his knee-cap seeking creditors.
Former BlockFi Marketing Director, Ingrid Salamon commented on the event, "Michael basically took half of all of Curves tokens and deposited them into any pool that would quote, "accept his money", pulling as much ethereum and stablecoins back as he possibly could. The whole castle is built on leverage, and if CRV goes down, DeFi could follow suit."
Then she added, "If DeFi were jenga, Egorov's move is like pulling one of the bottom three pieces out with a jiggly hand and your eyes closed."
Egorov was last seen hiding out in the metaverse.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
LONDON — Curve CEO Michael Egorov owes money all over the blockchain. The DeFI guru is 80 M in debt, leveraged to his eyeballs, and staring down the barrel of a margin call shotgun.
Blockchains, and their protocol's, are notorious for being "unhuman", that is strictly ran on code. However, given the outsized position of Egorov's debt he now has several petty thugs passing his photo around town, and asking if, "anybody has seen him."
Unfortunately the thugs are not that bright, and they are using his PFP as a most recent photo. Egorov notoriously sports a BAYC X profile pic, and so simply has to not where an ape costume around London to remain safe from his knee-cap seeking creditors.
Former BlockFi Marketing Director, Ingrid Salamon commented on the event, "Michael basically took half of all of Curves tokens and deposited them into any pool that would quote, "accept his money", pulling as much ethereum and stablecoins back as he possibly could. The whole castle is built on leverage, and if CRV goes down, DeFi could follow suit."
Then she added, "If DeFi were jenga, Egorov's move is like pulling one of the bottom three pieces out with a jiggly hand and your eyes closed."
Egorov was last seen hiding out in the metaverse.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
No activity yet