The SEC is just the TradFi Cabal. In May 2022, before the collapse of $UST, there were 256K wallets. With just $1.5 billion, 99.66% of all Anchor wallets could have been fully reimbursed 100%. Gary Gensler is set to pocket over $4.5 billion, laughing all the way to the bank.

Lybra Finance ( $LBR ) is currently on track to rug 50% of its holders and host a scam DAO vote. As a day-one supporter, I wanted to share some thoughts. This month, Lybra V2 went live, which required a token migration. Interestingly, this marks the team's second token migration within just six months of their initial launch, though that's not relevant at this moment. The team only provided a 30-day window to complete this migration, stating that any tokens not successfully migrated would be burned, resulting in a loss. After the window closed, the price of $LBR dropped significantly, prompting many holders, including myself, to review the latest updates and news. We all discovered that the migration window had closed. What's the problem with this? Migration Window: A 30-day window is extremely short and unprecedented in this space. Many protocols that have required token migrations in the past have kept them open perpetually. The shortest migration windows have been 3-6 months, which is still much longer than what Lybra provided to the community. For stats: Less than 50% of the holders migrated to V2. Burning Tokens: Any tokens that were not successfully migrated would be burned, resulting in lost funds. The Lybra team is effectively seizing your assets, which goes against the principles of DeFi. DAO Vote Scam: Lybra V2 established the DAO and claimed it was a step towards decentralization. However, given the concerns from the community, they decided to take feedback and put together a plan to move forward to support V1 holders. The proposal lists three options, all of which seem to be some flavor of theft. Guess who gets to vote on these options? Only those who migrated to V2. All V1 holders do not even have the opportunity to participate in the DAO vote on the following options: 1. Allow V1 holders to migrate with a 3% fee and vest for 90 days. 2. Allow V1 holders to migrate with a 20% fee. 3. Burn V1 tokens. medium.com/@Lybra_Finance/da… Final Thoughts: Lybra seems to be using the DAO as a cover to avoid taking responsibility. The Lybra team acknowledged their misstep and wrongdoing, stating that the migration window was indeed short because they wanted liquidity to move to V2 faster. The Lybra team should provide an immediate resolution to this problem. All decisions and events occurred before the DAO's establishment and are outside the scope of the DAO, and they do not require its consideration.

Ledger Recover is the path forward to onboarding millions of users. They made one fatal error though, not understanding their customers. As a Product Manager in Web2, here are my thoughts below.

Rugged by $WSB. Here's the TLDR. There were two allocations of large sells by @zjzWSB's doxxed wallet. Treasury funds were held in a 2/3 multisig including @wsbmod, Zjz, and OIP. Mod allocation held by Zjz (no multisig) All dumped for 334 $ETH ($635K). Straight to jail. Wallet: etherscan.io/address/0x0aE04…