
haowi.eth🦙🦙🦙🚀🚀🚀|Jun 28, 2025 16:51
Why should Michael sue Yishi?
1. Malicious Defamation and Fabrication of Facts
Yishi has repeatedly made public statements on Twitter, group chats, and community platforms attributing responsibility for the Resupply exploit to Curve. Despite knowing that Resupply is an independently deployed project, he continuously implied that Curve had joint responsibility or even direct control — deliberately misleading the public.
2. Damage to Reputation
As the founder of Curve, Michael—both personally and as a representative of the protocol—has been directly targeted or insinuated in Yishi’s public attacks. These actions have significantly harmed Curve’s brand reputation within the Chinese-speaking community, triggered investor panic, and undermined trust in the ecosystem, causing real damage to its long-term development.
3. Coordinated Misinformation Through KOC Networks
As one of the controlling figures behind OneKey, Yishi has the ability to mobilize a large number of KOCs and KOLs with direct commercial ties to him. These actors have engaged in coordinated reposts, commentary, and narrative shaping. The organized and manipulative nature of this campaign constitutes a systematic attack on Curve’s commercial reputation.
4. Attempted Coercion for Compensation
By spreading narratives such as “Curve was the biggest beneficiary” and “Curve’s silence shows a lack of empathy,” Yishi attempted to apply moral and social pressure to construct a false logic that Curve is obligated to compensate for Resupply’s losses. In essence, this was a strategic attempt to shift the financial burden of project failure onto an unrelated party — bordering on extortion.
5. Ample Evidence of Sustained, Targeted Attacks
Tweets, screenshots, repost patterns, and chat logs all clearly demonstrate that Yishi’s attacks on Michael and Curve were sustained, organized, and intentionally damaging. These meet the legal thresholds for commercial defamation and reputational harm in multiple jurisdictions.
This screenshot is just one of many examples of the consequences caused by Yishi and affiliated KOCs’ deliberate disinformation and public manipulation.
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As a veCRV holder, I believe Michael, as the founder of Curve, has the responsibility not only to drive protocol and ecosystem growth, but also to stand up in moments of crisis to defend Curve’s brand integrity and public trust.
The Resupply incident is no longer just a project failure. It has become a Web3 version of the “Tesla brake failure” PR scandal. If we allow such emotionally charged, fact-distorting narratives to go unchallenged, then any future project that integrates Curve components can blame Curve for their own failures. That would be the collapse of any meaningful brand protection in the ecosystem.
Web3 doesn’t lack protocols. It lacks founders with backbone.
Michael’s actions—whether in clarifying facts, asserting legal rights, or pursuing litigation—are not for personal ego. They are to protect the long-term interests of veCRV holders and the integrity of the entire Curve ecosystem.
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