sifu

ChainCatcher message, Watcher monitoring shows that Frog Nation's former CFO 0xSifu holds a short position of 12.42 million USD in ETH on Synthetix perpetual contracts.The current contract market price of Ethereum is 1852 USD, while 0xSifu's average holding price is 1675 USD, resulting in an unrealized loss of nearly 1.2 million USD. Currently, 0xSifu still has about 1.34 million USD in margin to maintain this position, and if the market price continues to rise to 2020 USD, his position will face the risk of liquidation.

Chain Catcher news, Frog Nation's former CFO 0xSifu (real name Michael Patryn) recently launched a new project, the DeFi lending protocol UwU Lend, which went live on September 21. This project is a fork of the lending giant Aave, and currently, the total locked value is 56.61 million USD, with a token price of 70.21 USD.It is reported that 0xSifu has been identified as a core figure in several scam projects. Previous reports indicate that 0xSifu is actually Michael Patryn, co-founder of QuadrigaCX. The Canadian exchange collapsed in 2019 after its founder Gerald Cotten disappeared with 169 million USD. (The Defiant)