DΞXTER
147 posts

DΞXTER
@darknetdexter
young boy playing with coins l perps, prediction and on-chain debacles


I got absolutely rekt by Goldfinch @goldfinch_fi These idiots mismanaged over $50M of our money. Out of 8 borrowers - 2 are in default and 6 in restructuring. Basically money is gone. 1st time I deposited in Sep 2021, then 2 more times in 2022. It's been fucking five years and I still haven't got my money back in full (and never will), let alone the promised 10% APY. Dashboard on their website says total loss rate is 20% but in reality its closer to 70% now. Since I requested the withdrawal in August 2023 I received only 30% of my money back. Best case scenario is I get another 10% over the next 1-2 years. They hired a CRO with a $400k yearly salary who is posting updates twice per month in discord and thats about it. Occasionally they may request $50k - $150k for various other needs. All this money is being taken from the treasury of course. CT doesn't know about it yet but Goldfinch is closing down soon. There is "wind down" announcement posted in discord, soon it will be public. Their official twitter page is run by a reply bot anyway so who cares anyway. $GFI token is -99% and imo will be delisted sooner or later because project is dead. Prime example of how fragile DeFi can be.


Sat on my hands for a while, but I’m long $ETH again 🙏🏻




As somebody from 'flawda' this is actually a very big deal at the moment












