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Friday, November 15, 2024
A billion-dollar dance with the devil, or a convenient scapegoat for a fallen empire?
In a dramatic eleventh-hour lawsuit, FTX's estate has branded DeFi's notorious governance provocateur Humpy the Whale as a sophisticated criminal mastermind.
The man behind the moniker? Nawaaz Mohammad Meerun - accused of exploiting the exchange for nearly $1 billion.
But this isn't Humpy's first rodeo.
From Balancer to SushiSwap to Compound, the self-styled "whale" has made waves across DeFi's waters.
His specialty? Pushing protocols to their absolute limits.
Each "governance attack" forced uncomfortable questions about centralization, power, and what it truly means to be decentralized.
Now, as FTX attempts to paint their own victim story, they've handed us a fascinating paradox.
Is it fraud when someone games your system as designed, while you're busy defrauding your own customers?
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We are all rekt.