A social media post analyzes Taiyang Zhang's involvement in DeFi protocols Ren and KeeperDAO, tracing connections to Alameda Research, FTX's acquisition of Liquid, and allegations that RenBridge was used to launder at least $540 million from ransomware, theft, and fraud since 2020, with groups like Conti and Lazarus among primary users.
A Thai-language X post details how a 24-year-old co-founder of Ren Protocol became a billionaire by bridging Bitcoin to Ethereum, sold the company to FTX's Sam Bankman-Fried in 2021, loaned $47M to crypto fund 3AC for interest income, and escaped legal consequences while associates faced prison sentences. He later moved to Thailand with his wealth. The thread also includes crypto trading commentary on Ethereum, Bitcoin, and various tokens.