The latest hoopla in the crypto defi space is the TITAN rug pull, that TITAN is denying is a rug pull and calling it a "bank run."
Regardless of how its spun, people lost $$$ and Mark Cuban was one of them.
According to the decrypt article:
Cuban was one of those liquidity providers on QuickSwap, a decentralized exchange. He announced his involvement on June 13, tweeting: "Crypto Businesses make more sense than you think and valuing tokens is easier and makes more sense than you think."
Someone to blame....
When it comes to losing money, people always want someone to blame and apparently some folks to a shot at suggestion he was in on it:
Have to give that twitter gentleman credit, at least he got Cuban's attention.
Iron Finance
For those that are not familiar with Iron Finance:
Iron Finance is (or a I guess was) a DeFi project that issues a partially collateralized algorithmic stablecoin called IRON.
TITAN is the governance token that backed IRON. This is the coin that dropped to basically zero due to the rug pull or "bank run"
The Iron Finance team did announce yesterday that all users should pull liquidity, this likely added to the rush to the exits.
To read the full article referencing Mark Cuban and Iron Finance use the below link:
https://decrypt.co/73810/mark-cuban-hit-apparent-defi-rug-pull
In conclusion...
This is why I love the house of Cubdefi.com. Their floors don't have rugs. Wood plank only :-)
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lol that's seriously everyone
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I got hurt yesterday and it’s my own damn fault.
Damn that’s funny.
This meme is funny as hell.
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It could not be better explained hahaha
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Cool, I read his Medium Article, decided to reply to Mark Cuban to consider posting his content on Leofinance!
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Trust…the only currency that really matters.
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Such a good chance he's just lying to save face.
What are the odds that he would actually admit getting wrecked?
Supposedly he says he got out, but then went back in when they increased their TVL more, and ended up losing money with everyone else. It seems like he was trying to say that in this tweet but didn't finish the second sentence.
Ah, ok yeah that makes more sense. I was utterly confused by his tweet.
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Yeah, that sentence made no sense in the context of the tweet. Had me thinking too.
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People are so caught up with those potential millions, they just forget to do their research
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https://decrypt.co/73861/mark-cuban-titan-defi-crypto-regulation
HA!
Why does he want regulations if he didn't lose any money?
Lawls.
Good point.
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Mark cuban should come to hive and become the head of his own tribe, The IronFists token maybe :)
or maybe the !PIZZA token :)
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@scaredycatguide! I sent you a slice of $PIZZA on behalf of @dadspardan.
Learn more about $PIZZA Token at hive.pizza (3/20)
You can't have a proper bull market without some celebrity rug pulls, scams and hacks. I guess that's how you develop diamond hands.
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Isn't he invested in an Ethereum DeFi project now? lol
I mean it's funny but it also not funny at the same time because those rug pulls are seriously damaging to the image of crypto and people wanting to get involved.
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Cuban bragging that he 'got out' with no numbers to back it up.
Typical garbage twitter trader.
Hope he got royally fucked and someone finds the on-chain data to laugh at him.
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People have been tracking him on chain, so we get news on that front soon.
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Hmmmmm... All I can say this space is for the strong.
I am sure he used a small portion of his money to go in tho.
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Mark Cuban dives in to defi with no research according to him. Losses money, and now wants regulation.
Seems odd to me.
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Just coming after investing the LEO/Hive/HBD I had around into CUB Kingdom. So fully sold on CUB and expect to be buying into the $40 - $50 range. We have something that could realistically reach $100
!PIZZA
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@scaredycatguide! I sent you a slice of $PIZZA on behalf of @d-zero.
Learn more about $PIZZA Token at hive.pizza (4/10)
Jjajaja the story of this gentleman is a joke, but the funniest thing of all is that he does get attention, because his money is worth it, but the money of many people does not matter.
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LOL 😂
Enjoyed this post, so I wrote a Dear Mr. Cuban letter explaining why he should invest on Cubfinance. I also found an email address [email protected] and sent a shorter email.
I listened to AMA and heard you say you wouldn’t mind turning over the Leo Curator position to someone new. I would love to do it.
I am here everyday posting or curating, I would love to be able to bestow larger upvotes as an official curator.
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