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Why won’t you see the rust on the Iron?

Herbert Eng
8 min readJul 7, 2021

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A version of this article was originally published on The Defiant. This version is the draft I wrote that retains .. colored language.

$2B of market value lost in even less time than what we traditionally consider to be a literal “overnight disaster” will be recognized as one of DeFi’s darkest days. It would be pretty unbecoming if the people didn’t band together against centralized entities in Decentralized Finance.

Thankfully, the people did, and with the official telegram group being constantly barraged by links to my little expose on Medium, Iron Finance was forced to respond two days ago with a compensation plan. Iron also stopped muting its telegram group, which it had repeatedly done in the past, even when its tokens were crashing. I dare say it was because they realized they couldn’t control what their stakeholders wanted to say on the unofficial group. < You won’t find my responses there anymore btw; Iggy/KC habitually kicks anyone he does not agree with. Don’t think he’s worth my time either. Daniel and I decided to start an Iggy-free tg here instead to focus on compensation and recovery.

Norwegian Connection?

Community then took to the oldest doxing trick in the book — the WHOIS query. You can do this yourself, but all of the information is “redacted for privacy”. Nothing a…

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Herbert Eng
Herbert Eng

Written by Herbert Eng

Failed startup guy now crypto maximalist. High IQ takes and alpha on GameFi, degen Defi and NFTs.

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