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For info - Wonderland's $TIME treasury officer (0xSifu) fiasco. Seems that 0xSifu was involved in crimes like operating an identity theft ring (pleaded guilty)
Putting it out here in case anybody's exposed to $TIME or $wMEMO.
https://twitter.com/zachxbt/status/148659168272...
Don't be stuck holding the bag, anon. Your bag down 90% can go down another 90% , remember that. Best to take the L and think about the lessons learnt. Move on to the next ponzi scheme or just stay in cash.
Anything is better than succumbing to sunk cost fallacy.
Have a good weekend.
Cheers,
Joey
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Billy
30 Jan 2022
Development & Acquisitions Manager at Real Estate Private Equity
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Btw, I also suffered a loss. Bought at 4-6k region and added in around 3k. Though not a big sum of my total % of portfolio. Exited at 2k. Unsure how much the extra rebase offset the loss, but pretty sure it was still a loss.
Anyway, stay safe out there. Projects w high rewards often come w high risks. Don't lose it all, especially during CNY. Hope y'all huat.
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Summary of what happened:
https://www.youtube.com/watch?v=sbCnhqGHwNE