@racer
The Synthetix and Infinex teams quietly sold off their SNX positions right before promoting sUSD deposits, fully aware the depeg was coming.
Now the Infinex Patrons NFT collection is worth more than SNX itself, and Kain reclaimed governance in the same week — a clear power move.
Meanwhile, sUSD can’t be redeemed 1:1 for SNX, and 171M staked tokens are exposed to potential slashing if the depeg worsens.
Insiders got out clean — stakers are left holding the liability.
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