in the last issue of my newsletter, i wrote "Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you (or turn your dollars into stablecoins and then let them hold on to your stablecoins for you), the risk that that you never see those dollars again is in fact very high."
anyway here's a post from Justin Sun today
@molly0xfff I was thinking the guy was in jail...
@foo__ that's Do Kwon, the other 20% yield guy (who caused me to write this portion of the last newsletter)