After waking up in the hospital, I spent a day and a half lying in bed.
The break I had after a really long time was bitterly sweet. I don’t know if it’s because there’s a person who takes care of me, but I even thought I wanted to rest for a week or so.
However, my situation was not good for me to continue resting like this.
“uh! It’s out there!”
“CEO Shin Woo-hyuk, is the information revealed on the air true? Did WHTS Company really instigate the short sale of K Star Coin?”
“CEO, did you watch the broadcast? Just say one word!”
When I go down to the hospital lobby, the reporters waiting at the entrance come rushing in like bees.
Taylor Kim’s revealing broadcast yesterday was a hot topic, so they rushed to get a scoop from me.
“There, you can’t push in.”
“This is a patient who has not yet recovered! Back off!”
Security guards stationed in the lobby push reporters back.
However, the reporters continued to push, as if they had no intention of backing down, and the two sides even fought.
It was a confusing situation, but I clapped my hands twice and met without panic.
“I have something to tell you. We will start when things are tidied up.”
Reporters who used to run like raging bulls change like docile sheep in an instant.
They gesture to each other to set up a round interview spot, then gather the microphones together and bring them in front of me.
When the preparations are finished, the hospital lobby naturally becomes quiet.
Not only the reporters, but also the general patients who were watching were holding their breath, waiting for the words to come out of my mouth.
I slowly approached the microphone and started my prepared speech.
“While I was hospitalized for overwork, I heard that K Starcoin officials did an internet broadcast. When I heard the news, I felt great displeasure.”
I pause here for a moment and deliberately stare straight in the direction of the camera.
“The opponent is a criminal who committed an investment fraud of over 30 trillion won and fled overseas. I don’t know if it is the right thing to do damage to a normal business by publishing the words of such fraudsters as an article.”
It was something I told the reporters to listen to, but they don’t blink an eye.
Do people who are originally shameless become reporters, or on the contrary, do they become shameless after becoming a reporter?
“In the future, WHTS Company and I will not respond in any way to the words and actions of criminals. Therefore, this will be our last position on the matter.”
As I show signs of backing away from the microphone, one of the reporters raises his hand and asks a question.
“I am reporter Son Tae-il of KBC. Taylor Kim presented the photo taken by the representative as evidence. Please explain about that!”
“I don’t know what evidence you presented, but this incident is hurting the cryptocurrency industry as a whole. Of course, there is nothing good for WHTS Company, the number one company in the industry.”
“Then, what do you think is the reason why K Starcoin side specifically attacked WHTS Company?”
“They would have needed an excuse to avoid their fraud. So, that’s why we picked the biggest one.”
When I answer the reporter’s question, other reporters also ask questions one after another, wanting to be at this time.
“CEO! So, are you saying the photo was manipulated?”
“Have you ever met Mr. John Soros?”
“Please tell me what you think about short selling of virtual currency!”
I decided not to answer them one by one and wait until they were exhausted.
After spending almost a minute like that, the barrage of questions subsided and the surroundings became quiet enough to talk again.
“I am not feeling well, so standing for a long time is uncomfortable. So, I will accept additional inquiries at the press conference that will be held in three days.”
three days later
Hearing that, the reporters breathed in exclamations of surprise and gasps.
That would be the case, because it was the day K Starcoin announced a live broadcast of additional revelations three days later.
Press conference and exposure broadcast on the same day.
I officially announced no response, but in terms of content, it was practically the same as declaring a head-on confrontation.
* * *
At the same time as the press conference on the side of WHTS Company, the day came when additional revelations were announced.
The media made a fuss about it three days ago, and the Internet community and SNS were also paying attention to the confrontation that would take place that day.
Which statement will be more powerful?
It is a big event that could shake the entire virtual currency market depending on the contents of the remarks.
Cryptocurrency investors from all over the world had already flocked to the press conference broadcast, generating traffic equivalent to a DDoS attack.
“Write. When are these bastards going to be so lazy to start?”
Among those waiting for the press conference, Baek Seung-tae, who was supposed to broadcast the revelation today, was included.
Originally, his revelations were scheduled to air at 3:00 PM, but Taylor pushed it back by two hours.
“It would have been nice if we had broadcast first at a time like this. I just delayed the time. Tsk.”
Baek Seung-tae was muttering to himself, but this time Taylor accepted his words.
“I must have said many times that our issues would be buried if we aired at the same time as them.”
“What does it matter if they are buried or not? As long as the disclosure is done properly, it will be enough.”
“Isn’t it like this because it’s a situation where it wouldn’t be possible to expose it in any way?
Immediately after the first exposure broadcast, there was a strong public opinion condemning Shin Woo-hyuk and the WHTS Company.
However, because of the interview he gave while he was discharged, public opinion retreated to ‘let’s see for now’.
“The other party led us to doubt the authenticity of the revelation by emphasizing the fact that we were fleeing abroad.”
“There is no manipulation of the evidence I have obtained. If you don’t believe me, hand over the original photo to the media and ask them to check it out.”
“In the meantime, I’m going to waste nearly ten days, so what does the other person do during that time?”
“Then, has Mr. Kim thought of anything else?”
“All you have to do is watch the broadcast and respond. As with rock-paper-scissors, the person who moves later can play an advantageous card.”
Baek Seung-tae scratches his head as if he can’t come up with anything to refute.
“sh*t. Whatever it is, it’s fine, so please take care of Shin Woo-hyuk.”
“I wish that too.”
While they were chatting, the press conference room was broadcast on the monitor.
The conference hall was already full of reporters, and now only the main character had to appear on the podium.
‘Shin Woo-hyuk, no matter what you prepare, it will be useless. There are dozens of exposure cards that can be dealt with on this side.’
Shin Woo-hyuk steps up to the podium in a tense atmosphere.
The two watching the screen swallow dry saliva and wait for his first word.
– Nice to meet you guys. This is Woohyuk Shin from WHTS Company.
I wanted to start the interview with a normal greeting, but a large bomb is flying right away.
-The reason I requested a press conference is because I have something I must tell you. The matter is… … It is short selling.
When the word short selling came out, Taylor clenched her fists.
It was because I thought that the story of K Starcoin would come out. But his expectations are completely wrong.
-The short selling of hedge funds, which was controversial a while ago, is aiming for Acorn Coin this time.
Not only Taylor, but Baek Seung-tae, who was next to him, screamed in surprise.
“Mr. Kim, what is that? Are you selling acorns short? Is that real?”
“I don’t know either.”
A crackling, grinding sound comes from Taylor’s mouth.
“If that is true… … The rumors behind the short selling of the WHTS Company that we exposed will lose their power.”
But this wasn’t the end. The real nuclear bomb was the remark that followed.
-To respond to this, WHTS Company intends to lower the annual reward rate of Acorn Coin from the current 10.9% to 7.2%.
* * *
When a short selling attack comes in, a common response is to prepare incentives to attract investors.
However, WHTS Company came up with a countermeasure.
From noble mtl dot com
-We want to lower the annual reward rate of Acorn Coin from the current 10.9% to 7.2%.
This absurd incident has become a hot topic not only in Korea but also on the other side of the globe, on Wall Street in the United States.
“Even if you raise the compensation rate, you’re lowering it when it’s not enough? I don’t know what you’re thinking.”
The gray-haired old man had already tilted his head five times while looking at the report.
Even Soros, who is called the investor of the century, could not understand WHTS Company’s move this time.
“Am I missing something? He wouldn’t have done something tantamount to suicide for no reason… … .”
When the WHTS Company lowered the annual compensation rate, it attached one condition.
It was a proposal to freeze the compensation rate at 10.9% for the next three years for investors who hold Acorn Coins by the end of this month.
That was good news for established investors, but that would work in normal times when there were no issues.
‘It’s a situation where you don’t know when the value of virtual currency will plummet due to a short selling attack. Even so, to make such an arrogant proposal… … Does that mean you’re confident?’
Soros went through the report several times after that, but found no reason for ‘confidence’.
“It’s been a while since the guy who made my head hurt has appeared.”
For Soros, cryptocurrency was nothing more than a dangerous piece of data. Nevertheless, the reason he analyzed Acorn Coin was because Tesla Motors was involved.
WHTS Company owns a whopping 24% stake in Tesla Motors.
If Acorn Coin is shaken by short selling, WHTS Company will have to sell its stock in Tesla Motors to secure funds.
If that amount of stock poured into the market in an instant, Tesla Motors’ share price was doomed.
“At this point, it would be okay to increase the volume of short selling of Tesla Motors.”
Soros opened the chart and looked at the recent Tesla Motors short sale.
As if there were already many investors who had the same idea, Tesla Motors had 30 million short-selling shares piled up.
“Um… … Isn’t that a bit strange?”
Soros alternates between looking at charts and short selling. Then I heard the intercom, as if I didn’t want to.
“Charlie, I contacted you because there was something strange while looking at the Tesla Motors chart.”
-What part are you talking about?
“The amount of short selling increased by 2 million shares yesterday alone. However, the effect is not visible on the Tesla Motors chart.”
– Tesla Motors had a tendency to have strange chart flow in the past. Probably because of the high proportion of individual investors.
Soros murmured after zooming in on the chart with a flick of the mouse.
“It is not a question of whether there are individual investors or not. It looks like someone is sweeping the stock from below… … .”
– Could it be that the Predator did it?
“Predator? What is it?”
-This is an alias for a force that has been collecting stocks for a while now. It mainly collects stocks of large IT companies such as Apple, Alphabet, and Microsoft.
It was often the case that certain forces bought stocks in large quantities, but the timing of the purchase was quite subtle.
Tesla’s short selling stock piled up so much that there was no room for a rebound no matter who saw it.
In addition, if you make a mistake, it may collapse, so why do you make a large purchase at this point?
High risk low return.
I’ve never heard of such an investment method. Even a fire moth with nothing to see would do such a thing.
“Confused. Confused. Like the WHTS Company thing from before, these days there are too many things I can’t understand.”