We have a scoop from one of our associate autists: MIM (Magic Internet Money) may be nearly insolvent. MIM is one of the larger stablecoins, with a market cap of ~$300M. We can't believe that a project called Magic Internet Money has been acting irresponsibly either. Details:
X · June 17, 2022
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The post explicitly expands “MIM” as “Magic Internet Money” and later repeats the phrase. Its framing is critical, alleging possible insolvency and irresponsible conduct; the phrase use is not an endorsement of MIM or any related project.
No claim of endorsement or affiliation is made or implied by inclusion in the Hall.
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