The sale of stablecoin losses just concluded today, and I wrote a recap of this.
Both parties in these two cases today are dealing with amounts over 300,000 USD, totaling more than 600,000 USD; one has already been liquidated, and the other is still undergoing liquidation.
In the past few days, haven't many DeFi platforms exploded? Some fans and members unfortunately got caught up, and the only hope left is mevusdt.
Regarding this matter, Binance's statement is:
A couple of days ago when I was chatting with Loki, he told me that although there is no money left to borrow in the pool, there will still be people gradually paying back.
So as soon as there are repayments coming in, redeem as quickly as possible; there is still hope.
The orange seat member initially told me 80,000 USDT. I looked at the pool amount, and it should be possible to get it out, then told him to hurry to Hangzhou, we can get it out.
Then he told me that he has 4 accounts, each with 80,000 USDT, totaling 320,000 USDT.
At that moment, my head was a bit dizzy.
You say he is not smart; he knows not to put all his eggs (assets) in one basket (wallet).
You say he is smart, but he has also put all his eggs in a flipped car (MEV Capital).
Then due to personal circumstances, he couldn't come. Until early this morning, there was a wave of liquidity injection that anchored back to 0.9, but this window period was very short and soon dropped again - because there were too many people wanting to redeem, many wolves and little meat.
In the afternoon, it dropped very badly.
This afternoon, I reached out to some friends in the circle, originally to optimize the script for sniping, but inadvertently found that someone was doing off-market, buying mevusdt at a discount.
So I quickly asked the members, what is your current situation? You can also do it without coming to Hangzhou, either by authorizing the script or selling directly off the market.
He chose to sell directly off-market, very decisively.
Because he has also been selling at a small discount these days, he has sold over 200,000 USD bit by bit, and when I asked him, there was less than 100,000 USDT left.
Then the orange seat acts as a guarantor in the middle; he sends the voucher to me, and after the other party pays, I will send the voucher out.
There is also another order from a person near Hangzhou, who came to my office a few days ago, also with over 300,000 USD involved, and after we signed the contract, we started running the script, but it was already found that there were bots everywhere on the chain.
This person, like my fans, is also continuously selling in batches at a discounted price, and after signing the contract, wants to transfer a batch of mevusdt vouchers to let others help rescue.
From the binding force of the contract, what has been entrusted to us cannot be simultaneously entrusted to other third parties, but this matter is like rescuing items from a burning house; I can't just stand by and say this is contracted to me, so others can't come to help.
Then today, we managed to get some out, but his volume is still very difficult to fully redeem, so I told him, do you want to consider selling off the market? I won't make money on this part - because after we help him get it back, he still has to pay us a service fee.
And the net amount he received is actually about the same.
If that's the case, I would prefer he could solve this problem as soon as possible; whether we make money or not is actually not that important.
After discussion, he hoped to sell at a higher discount, but after inquiring, no one was buying off-market - because the pool was empty, buying now would definitely lead to losses.
Ten minutes later, he agreed to the previous offer, but he didn't expect that I had already asked the other party, so he could only wait for the next liquidity injection.
It was indeed a tough day.
However, this person knows that I am helping other members do this, and expressed great interest in the members of the orange seat, asking me if they can still join the membership now - of course, they are welcome.
You know that this industry is actually a huge pimp industry; anyone who can stitch and mix can make money.
I calculated that if I add a few points of profit to tonight's business, I could earn tens of thousands, but then I feel a bit reluctant - their stablecoin investment has dropped to such a state, and I am still eating blood buns in there?
It's really a bit hard to swallow.
However, this approach has also gained recognition, recognition from members, clients, and even trading parties; they feel what I am doing is meaningful.
This statement is interesting; I am indeed pursuing meaning rather than profit in my work.
Whether it was the previous work at Oasis University, or later working on asset recovery, or even creating HODLER insider information, the driving force behind these actions has never been profit, but meaning.
Life is nothing but the two words 'meaning'; if what you do has no meaning, then where is the joy in life?
Do you think tens of thousands of dollars are important to me, or is it more important to be able to genuinely help my members?
Even doing one business can be worth the enrollment of many members.
I feel fortunate and happy because there are people who read my articles, support me, recognize me, and pay for me.
As someone who enjoys content output, what could be more valuable and meaningful than this?
In fact, doing content output is very enjoyable; just don't ask me to record short videos, that is too painful, like acting.
So next, I will be doing live broadcasts + articles. Whoever wants to shoot short videos can do so; I can no longer endure the feeling of violating myself.
And today's WeChat public account weekly report reflects my thoughts - writing articles and occasionally doing live broadcasts is pretty good; shooting a trivial video, how can someone who can't act shoot a good short video?
Recently, there have been many incidents in DeFi, frequent safety accidents, and the orange seat has sent everyone an asset safety guide.
(2025.11.10 article)