Terra (LUNA)

HUGE DEVELOPMENT

It is now alleged that a group called "Bryce's Secret" was at the forefront of the LUNA & UST collapse

Bryce Pratt is a name included in the lawsuit filed against Jane Street by Terraform Labs

Pratt worked at Terraform Labs before joining Jane Street in September 2021

It is alleged that Pratt created a group in February 2022 that included Jane Street and Terraform employees

"Bryce's Secret" is alleged to be the smoking gun in the collapse of the ecosystem and loss of tens of billions of dollars

🚨This could be the largest insider trading scandal in crypto history.

Jane Street made $134 million by shorting Luna and UST right before the Terra collapse.

Newly unsealed court filings reveal that Jane Street did not just use their insider information to close their UST position but they also used that information to short Luna and cash out $134 million as the entire Terra ecosystem collapsed.

The insider access came through a private Telegram channel called "Bryce's Secret," run by Bryce Pratt, a former Terraform intern who moved to Jane Street.

Their largest single trade was an $85 million UST sale on Curve Finance executed just 9 minutes after Terraform quietly withdrew $150 million from the same pool with no public announcement.

After being identified by on chain analysts, internal communications show traders discussing how to "decommission" their wallets.

Five days after UST hit zero, Jane Street offered Terraform's head of research a job and he started two weeks later.

Let’s go over it again 👇🏾

The 10 commandments of crypto

🎯Thou shall never fomo into any coin,once you see a price surge or an All time high on any coin..do not buy, the chances are,you are buying the Top and price decline could be imminent , be patient and wait for a retest.

🎯Thou shall keep your passwords , seed phrases , private keys , 2fa’s in a safe space preferably offline!!

🎯Thou shall double, Triple, Quadruple check the address you are sending crypto to.

🎯Thou shall not scam a fellow crypto trader ,beware of scammers, Bots ,fake links.
Expect that Every dm asking you for personal info is out to steal from you.
Customer/support admins will never dm you first.

🎯when trading on a dex, beware of honey pots, take note of slippages so you do not start loosing money even before your waiting for profit that may never come.

🎯when vetting a project check out the community on all social platforms and read the comments to be sure they are not bot comments and that project is legit.

🎯Thou shall always ask questions, be curious and open minded .
There are no stupid questions
Ask if you are not sure or if it doesn’t just feel right .

🎯Crypto pays the patient , never buy high and sell low ..if you do that often , you will soon quit .

🎯Anything can go wrong at anytime..Luna,Ftx,squid game are case studies.
Never attach emotions to any coin

Never use burial money to buy any coin .

🎯Do airdrops with the intentions to expand your knowledge,if you get rewarded in the end..be grateful, if not,do not join the mob,it is your energy that gets drained in the end.