an otter thread on a series of unholy coincidences about
Wintermute and it's CEO
like, retweet and read on
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in a previous otter thread
otter dug deep into the link between The Block and Wintermute
twitter.com/otteroooo/status/1646361205186113537?s=20
otter wasn't done digging into Wintermute
here goes a series of unholy coincidences regarding Wintermute
Unholy coincidences
1. timing
2. profile pics
3. diminished monopoly
Unholy coincidence #1: timing
otter has a knack for calling things out right before they happened
otter called the Luna crash two days before it did
otter called Celsius & FTX a ponzi for months
everyday folks like you who heed the call managed to escape
and less than 24 hours after otter's thread
highlighting the connection between The Block & Wintermute
The Block wrote a hit piece against one of Wintermute's competitors
coincidental timing right?
most articles from The Block are written by one person
yet this article was so important to them
The Block literally set three employees for a piece
like a bevy of otters
at least they bothered with an informative disclaimer this time
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Unholy coincidence #2: profile pics
This entire fiasco was sparked by a tweet from @nay_gmy
let's take a closer look at nay_gmy profile pic
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now let's take a closer look at @EvgenyGaevoy's (Wintermute CEO) profile pic
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waaaaait a second!
do you see what otter sees?
Wintermute CEO and nay_gmy both have the same anime profile pic!
of all the animes...
of all the characters...
what are the chances of this unholy coincidence?!
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how coincidental!
that
the person leaking a competitor's practices
the person leaking a competitor's legal contracts
the person making memes about competitors
has the same profile pic character as
the CEO of a company that stands to benefit
from tearing a competitor down
now don't get otter wrong
otter is not saying that @nay_gmy and @EvgenyGaevoy
are one and the same person
nor is otter saying that Evegeny Gaevoy and nay_gmy may be close associates
nor is otter saying that a crypto market maker will resort to
using alt accounts to attack competitors
no, no, no, no, noooooo
otter is simply laying the facts out for you
to examine
and you make your own conclusions
it is true
that the hit piece came
right after otter discovered the unholy alliance?
it is true
that the whistleblower nay_gmy
has the same anime character as Wintermute CEO?
we merely live in a world of unholy coincidences
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unholy coincidence #3: diminished monopoly
let's talk more about Wintermute business model as a market maker
who do they make markets for?
projects who issue tokens hires them
sends them a bunch of pre-mined tokens
for Wintermute to make a trading market
Wintermute may do this through a "loan"
which we have famously seen in the Arbitrum scandal
which was when Wintermute conspired secretly
behind the community's back
to get a governance-UNapproved loan of $ARB
from the Arbitrum team
when Wintermute cuts such an unholy backroom deal
it can confidently put up quotes in
on both sides of the order book and profit through a spread
without purchasing inventory of the token
which in this case was $ARB
it gives Wintermute
a special advantage over other MM firms
if any other MM wanted to profit
from the spread of a high volume coin
they would need to hold inventory
but
as Wintermute suffers through hacks
maybe, just maybe
teams are worried to lend them tokens
after all
you don't lend to someone you are not sure of
right?
twitter.com/otteroooo/status/1646361242494447616?s=20
Wintermute may be facing stiffer competition
from other MM companies too
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could it be possible that Wintermute is being backed into the corner?
could it be possible that Wintermute is acting out of desperation
using alt accounts and affiliated media to harm its competitors?
otter doesn't know
but one thing otter knows, is the evilness of hoomans
this thread has gotten long enough
perhaps the next one will be about market maker shenanigans
wash trading
market manipulation
and the likes
thanks for reading this far
otter would like to know what you think
IS WINTERMUTE UP TO SOME UNHOLY ACTIVITIES?
unholy af
holy be thy name
see results
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twitter.com/otteroooo/status/1590949632104071170