An inside joke about the “insolvency” of Wrapped Ether (wETH) over the weekend has forced influencers to explain it was just a “shitpost” after members of the community took it as real.
I hope this joke did not caused too much confusion.
wETH’s logic is automated by smart contracts and it isn’t controlled by a centralized entity, he explained: “I am not too concerned about WETH as it’s a smart contract and not stored by a centralized exchange.
On the other hand, recent FUD against Wrapped Bitcoin (wBTC) could be warranted, said Thielen, referring to rumors that FTX may have printed 100,000 wBTC out of thin air, as FTX’s Nov. 11 bankruptcy filing does not show any Bitcoin (BTC) on FTX’s balance sheet.
Despite the lighthearted humor behind the jokes, Dankrad Feist suggested to his 15,500 Twitter followers in a Nov. 27 tweet that the comments should be marked “more clearly as jokes,” as it “may not be obvious to outsiders.”
I think it would be better to mark these more clearly as jokes.
Source: Cointelegraph
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