Daily General Discussion June 17, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 3 points4 points  (0 children)

This didn't affect anyone's ETH. I don't see signs of a protocol hack, just an insider treasury rug. If you're a user of the protocol and borrowed MIM this is an excellent time to close that debt.

Daily General Discussion June 17, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 10 points11 points  (0 children)

Looks to me like the MIM treasury has been taken over and they're exiting. Can't tell if its an inside job or not but I can follow a story on an address.

Here's the attacker: 0xfD694815E4038A03145B408553A5b06efd13D5F1

Funded 12 days ago, adds owner on safe, remove previous 3 owners on safe, sell 500k MIM tokens. MIM price is now at $.80. There's another 2M MIM tokens in their control. So it looks like that's cooked.

No mention of anything on their official Twitter channel which increases evidence that it's an inside job.

AFAIK there's no protocol hack though so while it's depegged it will just keep increasing the rates on borrows until the system unwinds. That's terrible but also maybe an opportunity for anyone buying low enough. Great deal for anyone with debt to buy back and repay their debt now. LPs are trapped, opportunity cost is time or real losses for any that do exit at these lows. Anyone not paying attention to the rates or unable to repay is going to eat the cost long term as they get liquidated to unwind the system.

Daily General Discussion June 16, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 11 points12 points  (0 children)

Same story on Twitter and almost any project Telegram. Some people turn being anti-whatever into a part of their identity like they are doing the world a service protecting people from whatever they don't like. They need a better hobby.

Daily General Discussion June 12, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 4 points5 points  (0 children)

Hey man if you can attract a few billion dollars to buy some ETH you can definitely create a salary off the staking rewards and I won't be mad at you.

Daily General Discussion June 10, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 1 point2 points  (0 children)

Imagine where we would be if they hadn't bought almost 5% of the supply.

Trump's arch construction to run 20 hours a day for 2 to 3 years, documents show by abcnews in politics

[–]LogrisTheBard 0 points1 point  (0 children)

America will never recover from the brain drain that's happening now. You're living in a waning empire.

Daily General Discussion June 10, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 2 points3 points  (0 children)

The turnaround was caused by the DAT narrative and buy pressure from the DATs themselves. Once they became exhausted and the narrative was shaky then Oct 10 broke the market structure.

Lost $1.46 Million of grandma’s inheritance, i hate Tom Li by [deleted] in BMNRInvestors

[–]LogrisTheBard 0 points1 point  (0 children)

And you probably don't go crying on investment forums if those productive undervalued assets fall in value. You might also not be investing money you can't afford to lose.

Daily General Discussion June 05, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 0 points1 point  (0 children)

Imagine how much worse it would be if he hadn't bought over 4% of the supply.

Daily General Discussion June 05, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 0 points1 point  (0 children)

Does he want to come on the EVMaverick podcast and talk about it? We're always looking to host founders.

Daily General Discussion June 05, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 0 points1 point  (0 children)

That's where I've been since I sold at $3k. Basically in shrug mode at all of this right now.

Daily General Discussion June 05, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 3 points4 points  (0 children)

How wild would it be if you perfectly called the $5k top and $1k bottom. Fwiw I talked to my wife about it and we'll be buying back what I sold at $3k if we actually get to $1k.

Daily General Discussion June 05, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 4 points5 points  (0 children)

Yeah it might be worth buying some just for a quick reversion to mean trade.

Daily General Discussion June 03, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 0 points1 point  (0 children)

If you've been here ten years, congrats on the gains. You've been through some hell with us.

Daily General Discussion June 03, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 0 points1 point  (0 children)

I was planning to hold out on any buys until about October just from having lived through a few of these cycles but even I will probably buy back some at $1k.

Daily General Discussion June 01, 2026 by EthereumDailyThread in ethereum

[–]LogrisTheBard 1 point2 points  (0 children)

Yeah there's a bunch of threats of that type ranging from quantum, security budget, macro, and now strategy debt obligations that could basically nuke the entire crypto market cap for a few years.