Crypto Twitter calls for calm after wETH insolvency joke goes viral By Cointelegraph

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Crypto Twitter calls for calm after wETH insolvency joke goes viral

An inside joke about the “insolvency” of Wrapped (wETH) over the weekend has forced influencers to explain it was just a “shitpost” after members of the community took it as real.

The wETH insolvency FUD (fear, uncertainty and doubt) seemingly began to make the rounds on Nov. 26, with false rumors alleging that wETH isn’t backed 1:1 by Ether (ETH) and is insolvent.