Daily Degen 2022 June 17 🦍📓

1/ @zachxbt exposing serial rugger @machibigbrother

ZachXBT @zachxbt

22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)

medium.com22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)Jeffrey Huang, known online as Machi Big Brother, is a former Taiwanese-American musician and tech entrepreneur who embezzled 22,000 ETH from Formosa Financial in 2018. In the four years since the…

2/ @thedefiedge explains the 3AC situation and the repercussions for crypto

The DeFi Edge 🗡️ @thedefiedge

One of the LARGEST Crypto Venture Capital firms: Three Arrows Capital. They're becoming insolvent. With potentially $18b under management, this could be catastrophic for Crypto. Here's a timeline of what's going on and the possible consequences: ↓↓↓

3/ Gud read from @BanklessHQ on the current state of DeFi

Bankless 🏴 @BanklessHQ

DeFi tokens are down -90% Value locked and DEX volumes declined -66% Borrowing volume tumbled -75% It's looking rough out there. Is DeFi dead? @BenGiove answers:

newsletter.banklesshq.comIs DeFi Ded?L1’s, CeFi banks, and VC’s are dropping like flies. So…Who’s Next?!

4/ @coinbase spent $600 million on a platform that no one uses

Nansen Intern 🧭 @nansen_intern

It would take 10 Bored Ape purchases to double the entire volume of Coinbase NFT since launch. 22 Bored Apes have been bought on OpenSea today alone. There are a lot of "how tf did they mess it up that badly?" moments going on atm

5/ The easiest captcha I've ever had

Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) @ParikPatelCFA

New Google Captcha just dropped