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om/v2/resize:fit:800/0*BCuhGzb7JZT0BUrW"><figcaption>Photo by <a href="https://unsplash.com/@shayyyyyyyna?utm_source=medium&utm_medium=referral">Shayna "Bepple" Take</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="5b0e">Leetswap and BALD</h2><p id="6b5f">Recently, Leetswap has been hacked after Curve Finance. If you have never heard about the Leetswap then let me tell you… Leetswap is a DEX built on the Layer 2 chain of Coinbase. Leetswap’s liquidity pool has been depleted by $630k.</p><p id="5dfa">With this, Coinbase CEO Brian Armstrong who does not have hair on his head means that he is bald. Took inspiration from this thing, and created a token named BALD.</p><p id="b5ae">You may have noticed on Twitter that the BALD token has been appearing in front of our eyes for several days. The developer who created the BALD token immediately dumped it and booked a profit of$ 20 million out of it.</p><p id="6b82">Because of the fraudulent activities of the Blad token, Coinbase’s BASE chain is being viewed negatively, which is not good.</p><p id="d2d7">When the developer of the Blad token was questioned whether he had dropped the token, he stated that it had been done by someone else.</p><h2 id="d5fb">Rumors</h2><p id="374d">Rumors are flying in the market like a <b>comedy show</b>.</p><ul><li>Some people say Sam Bankman-fried is making tokens using VPN because he has a lot of money. Sam traps the newly issued tokens by investing a significant amount of money in them while keeping an eye on them using the DEX tool platform.</li></ul><p id="164c">According to rumors, SAM is responsible for the BLAD token crash. LOL man, who spread this type of rumor:)</p><ul><li>Bald’s deployer used the same format as SBF’s tweet. Deployer of the BALD token is the biggest farmer of DYDX and when we see DYDX tweeter posts they look like the tweet of SBF.</li></ul><h2 id="2c37">Gary Gensler</h2><p id="068e">In an interview a few days ago, Gary Gensler said the problem isn’t limited to the spectrum of securities in the crypto market; frauds are spreading much deeper here.</p><h1 id="2318">Curve Finance</h1><figure id="a757"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*80g45Iw9BVjfiGAG"><figcaption>Photo by <a href="https://unsplash.com/@davideragusa?utm_source=medium&utm_medium=referral">davide ragusa</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="7548">Death WALLY</h2><p id="cd21">Curve Finance was the market leader in stablecoins, however, a little technical issue has caused a massive panic in the market, and their TVL is rapidly plummeting.</p><p id="9a19">The creator of CRV had<b> 47% of the token’s supply, and they borrowed $100 million by pledging that supply on lending platforms.</b> These lending platforms have granted loans, however, if the loan repayments are not made on time, the platforms will begin selling CRV tokens to reclaim the loan amount.</p><h2 id="bd11">Aave Loan</h2><p id="c881">Curve Finance borrowed$ 63.2 million from AAVE by using $305 million worth of CRV tokens as collateral. This loan’s recovery price is 0.3767 CRV, which indicates that if CRV tokens fall below$ 0.3767, the Aave platform will sell all CRV tokens.</p><blockquote id="6a9f"><p>The price may decrease more as a result of token dumping due to liquidation.</p></blockquote><h2 id="1fcd">Frax Finance</h2><p id="af86">The founder of curve finance borrowed $15.8 million in FRAX stablecoins by placing$ 59 million worth of CRV tokens as collateral in Frax Finance.</p><p id="26fd">This loan has been given on time-waited interest. Borrowing money by keeping the token on the borrowing platform in time waited interest, then after 100% utilization (near to liquidation) of those funds, the person who took the loan by putting collateral, the percentage of interest will double every 12 hours.</p><p id="a17a">Curve Finance has borrowed $15.8 million at 4% interest, the CRV token has fallen, and if the loan payment is not done on time, the interest will <b>double every 12 hours at 4% interest, such as 4% to 8%, 8% to 16,….. In this manner, the interest rate will reach 100% in 3 to 4 days.</b></p><p id="b107">In this scenario, the founder must return the debt, or else the CRV token price must be saved from being dumped.</p><h2 id="2d67">Good Things</h2><p id="83df">After a few years, Uber may accept cryptocurrency payments. Binance is going to start again in Japan where about 40 to 50 coins will be listed.</p><p id="69f0" type="7">Clap — Share — Comment — Happily ☺</p><h2 id="3491">Disclaimer</h2><p id="d52a">I am not a Financial advisor. I am not affiliated with any of

Options

the websites or coins and also this is not financial and Investment advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="ae36">Thank You for Reading…</h2><div id="8626" class="link-block"> <a href="https://medium.com/@jessicadoosan02/membership"> <div> <div> <h2>Join Medium with my referral link - Jessica Doosan</h2> <div><h3>As a Medium member, a portion of your membership fee goes to writers you read, and you get full access to every story…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*ywAjGaHL-3_BjR1h)"></div> </div> </div> </a> </div><h2 id="92da">↑ ↓ Brain Boosting …</h2><div id="7d83" class="link-block"> <a href="https://wire.insiderfinance.io/top-10-ai-coins-based-on-telegram-and-discord-bots-6e724d2288c2"> <div> <div> <h2>10 AI Coins Based On Telegram and Discord Bots</h2> <div><h3>New Upcoming Trends in the Crypto Market</h3></div> <div><p>wire.insiderfinance.io</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*lQM_8tlMFr12BP94)"></div> </div> </div> </a> </div><div id="3a4a" class="link-block"> <a href="https://readmedium.com/how-to-create-a-million-dollar-portfolio-with-a-less-salary-f7027e58ccf3"> <div> <div> <h2>How to Create a Million-Dollar Portfolio With a Less Salary</h2> <div><h3>Small Salary — Big Dreams: Make Modest Way</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*xLkoN4hHWjdGeBCk6MyM0A.jpeg)"></div> </div> </div> </a> </div><div id="a7d0" class="link-block"> <a href="https://readmedium.com/worldcoin-the-future-of-identity-verification-or-the-end-of-it-77123a0485e4"> <div> <div> <h2>Worldcoin: The Future of Identity Verification or the End of It?</h2> <div><h3>Problem-solving and Problem-Make it</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*tQgOE9M-Y7GdF3hqjClLjA.png)"></div> </div> </div> </a> </div><div id="77e1" class="link-block"> <a href="https://readmedium.com/bitcoin-price-forecast-july-to-be-a-tough-month-august-could-be-better-afd2ef7b2ac4"> <div> <div> <h2>Bitcoin Price Forecast: July to be a Tough Month, August Could Be Better</h2> <div><h3>A War for Hash Power? | Chart | Supply | Next</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*Mil5rQNoC7-pph7-)"></div> </div> </div> </a> </div><div id="df4c" class="link-block"> <a href="https://readmedium.com/top-5-super-low-cap-coins-which-are-still-alive-22303b899ce3"> <div> <div> <h2>Top 5 Super Low Cap Coins Which Are Still Alive</h2> <div><h3>Gems | Upgrade | Development | Use case | Fundamental |</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*-wXIlxPVGUpGXOpfafbiuw.png)"></div> </div> </div> </a> </div><div id="9485" class="link-block"> <a href="https://readmedium.com/can-blur-token-give-50x-returns-or-not-36c411c274f4"> <div> <div> <h2>Blur Token’s Explosive Potential to Deliver 50X Returns</h2> <div><h3>Fundamental | Rally | Return | Version</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*XKAa41sGK_LM0ddq)"></div> </div> </div> </a> </div></article></body>

This Crypto Founder Misusing Project Funds for Personal Luxury Goods

Flush Fund | Ripple | SEC | Leetswap and BALD | Curve Finance

Panic crackers have resurfaced in the cryptocurrency market. Some firecrackers have already exploded loudly, but some are yet to explode. There are several recent changes in the crypto market that you should need to know.

Richard Heart, a crypto celebrity, has three crypto projects: HEX, PulseChain, and PulseX. The SEC investigated these three coins and made the report public as soon as some shocking information was found.

According to the SEC, Richard Heart collected around $1 billion in money through these three crypto projects and used that money to purchase luxury products for himself.

Here, the founder is having fun with the money of investors and users. Instead of spending money on the development of the project, it is being spent on one’s own luxurious needs.

99% Down

If you look carefully, the price of all three tokens HEX, PulseChain, and PulseX has dropped by about 99%. Since May, the state of all cryptocurrencies has improved while the overall value of these tokens has deteriorated. It is obvious that the money has been flushed here.

The selling pressure has gotten so strong that it is now difficult to recover those coins. Neither any development is happening in the project nor any updates are going to come.

Based on the information available, it has been classified as a red flag. A red flag indicates danger.

Friends, avoid investing in HEX, PulseChain, and PulseX, otherwise you will lose money.

Ripple

Based on Ripple’s case, Terra’s creator Do Kwon, and his lawyer together appealed to the US court to dismiss the SEC lawsuit. The appeal, in this case, was denied by the US court. Seriously, friends Do Kwon’s bad luck is not going away.

Ripple’s case is still unclear since XRP is securities for some investors but not securities for others. If the SEC reopens the Ripple case, the risk of acquiring securities may increase. As a result, before investing in XRP, keep an eye on the news because a single piece of bad news might ruin everything while at the same time offering a large reward.

Hack

Hacking attacks are going on continuously in crypto and show no signs of slowing down. You may have noticed that every month, we read about the hacking of two to three crypto projects, and the value of hacking in most of them is in millions of dollars.

I believe that these hacks are being carried out purposefully in order to create panic in the market, but I am not sure; this is just my guess whether these hacks are being carried out on purpose or they are simply spreading rumors of hacking. That hacking news may be true or may not be because who personally goes to look into them? Certainly, I am not!

By the way, when this kind of thing happens everyone gets panicked, and in this situation, people like us sell the tokens for a low price, and institutions purchase them. This panic is seen when the retailer is doing more buying.

One thing I’ve noticed over many years is that when institutions and large companies enter the market, a tsunami of positive news comes into the market, and when retailers enter the market, a volcano of bad news erupts.

Every year, this trend repeats itself. Tell us what you think by leaving a comment.

Photo by Shayna "Bepple" Take on Unsplash

Leetswap and BALD

Recently, Leetswap has been hacked after Curve Finance. If you have never heard about the Leetswap then let me tell you… Leetswap is a DEX built on the Layer 2 chain of Coinbase. Leetswap’s liquidity pool has been depleted by $630k.

With this, Coinbase CEO Brian Armstrong who does not have hair on his head means that he is bald. Took inspiration from this thing, and created a token named BALD.

You may have noticed on Twitter that the BALD token has been appearing in front of our eyes for several days. The developer who created the BALD token immediately dumped it and booked a profit of $20 million out of it.

Because of the fraudulent activities of the Blad token, Coinbase’s BASE chain is being viewed negatively, which is not good.

When the developer of the Blad token was questioned whether he had dropped the token, he stated that it had been done by someone else.

Rumors

Rumors are flying in the market like a comedy show.

Some people say Sam Bankman-fried is making tokens using VPN because he has a lot of money. Sam traps the newly issued tokens by investing a significant amount of money in them while keeping an eye on them using the DEX tool platform.

According to rumors, SAM is responsible for the BLAD token crash. LOL man, who spread this type of rumor:)

Bald’s deployer used the same format as SBF’s tweet. Deployer of the BALD token is the biggest farmer of DYDX and when we see DYDX tweeter posts they look like the tweet of SBF.

Gary Gensler

In an interview a few days ago, Gary Gensler said the problem isn’t limited to the spectrum of securities in the crypto market; frauds are spreading much deeper here.

Curve Finance

Death WALLY

Curve Finance was the market leader in stablecoins, however, a little technical issue has caused a massive panic in the market, and their TVL is rapidly plummeting.

The creator of CRV had 47% of the token’s supply, and they borrowed $100 million by pledging that supply on lending platforms. These lending platforms have granted loans, however, if the loan repayments are not made on time, the platforms will begin selling CRV tokens to reclaim the loan amount.

Aave Loan

Curve Finance borrowed $63.2 million from AAVE by using $305 million worth of CRV tokens as collateral. This loan’s recovery price is 0.3767 CRV, which indicates that if CRV tokens fall below $0.3767, the Aave platform will sell all CRV tokens.

The price may decrease more as a result of token dumping due to liquidation.

Frax Finance

The founder of curve finance borrowed $15.8 million in FRAX stablecoins by placing $59 million worth of CRV tokens as collateral in Frax Finance.

This loan has been given on time-waited interest. Borrowing money by keeping the token on the borrowing platform in time waited interest, then after 100% utilization (near to liquidation) of those funds, the person who took the loan by putting collateral, the percentage of interest will double every 12 hours.

Curve Finance has borrowed $15.8 million at 4% interest, the CRV token has fallen, and if the loan payment is not done on time, the interest will double every 12 hours at 4% interest, such as 4% to 8%, 8% to 16,….. In this manner, the interest rate will reach 100% in 3 to 4 days.

In this scenario, the founder must return the debt, or else the CRV token price must be saved from being dumped.

Good Things

After a few years, Uber may accept cryptocurrency payments. Binance is going to start again in Japan where about 40 to 50 coins will be listed.

Clap — Share — Comment — Happily ☺

Disclaimer

I am not a Financial advisor. I am not affiliated with any of the websites or coins and also this is not financial and Investment advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.