{"id":37900,"date":"2026-03-02T18:28:40","date_gmt":"2026-03-02T18:28:40","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=37900"},"modified":"2026-03-03T08:59:53","modified_gmt":"2026-03-03T12:59:53","slug":"shitcoin-standard-part-12000000","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/shitcoin-standard-part-12000000\/","title":{"rendered":"Shitcoin Standard part 12,000,000"},"content":{"rendered":"
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\"image0.png\"\"image1.png\"\"image2.png\"\"image3.png\"\"image4.jpeg\"\"image5.png\"\"image6.jpeg\"co-founder of a $20 billion blockchain project quit after his tokens vested, said he needed a “mental health break,” started a VC fund, then tweeted “i have a nice SUI bag now” while his old token dropped 95%<\/div>\n
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– be @Moshaikh <\/div>\n
– full name mohammad shaikh<\/div>\n
– first generation immigrant<\/div>\n
– grew up in brooklyn<\/div>\n
– dad was a taxi driver<\/div>\n
– mom was a housewife<\/div>\n
– family was on welfare<\/div>\n
– watched his dad make $100 driving a cab but only $60 made it home. the rest went to middlemen<\/div>\n
– that moment stuck with him<\/div>\n
– went to hunter college. studied psychology economics and accounting<\/div>\n
– got an MBA from university of rochester<\/div>\n
– started at KPMG as a senior associate<\/div>\n
– moved to royal bank of canada as an analyst<\/div>\n
– worked at BlackRock in real estate<\/div>\n
– joined boston consulting group. worked with sovereign wealth funds<\/div>\n
– 2017: joins consensys as an early employee. founds their middle east office<\/div>\n
– founds meridio. first company to do fractional real estate on ethereum<\/div>\n
– joins meta (facebook) to work on their crypto wallet novi<\/div>\n
– works on the diem blockchain (the one mark zuckerberg tried to launch and failed)<\/div>\n
– meta kills diem in january 2022<\/div>\n
– mo doesn’t accept failure<\/div>\n
– december 2021: co-founds aptos labs with avery ching using diem’s open source tech<\/div>\n
– march 2022: raises $200 million from a16z, multicoin, tiger global, FTX ventures, coinbase ventures<\/div>\n
– same month: shari glazer sues him for $1 billion<\/div>\n
– glazer is from THE glazer family. the ones who own the tampa bay buccaneers and manchester united<\/div>\n
– she says mo was her consultant. she paid him $35,000 to find blockchains she could buy<\/div>\n
– says they agreed to be 50\/50 partners<\/div>\n
– says mo secretly went to a16z behind her back after telling her “VCs are the devil”<\/div>\n
– mo’s lawyers call her story “a work of fiction”<\/div>\n
– october 2022: judge denies mo’s motion to dismiss. allows breach of contract claims to move forward<\/div>\n
– december 2022: case “resolved.” glazer walks away<\/div>\n
– meanwhile aptos launches october 2022<\/div>\n
– token dumps 40% on day one<\/div>\n
– people call it a VC coin. tokenomics heavily favor insiders and the foundation<\/div>\n
– discord muted on launch day<\/div>\n
– july 2022: raises another $150 million from FTX ventures and jump crypto at $2 billion valuation<\/div>\n
– yes. FTX ventures. the same FTX that collapsed months later<\/div>\n
– total raised: $400 million<\/div>\n
– aptos hits $20 billion valuation at peak<\/div>\n
– partnerships with google microsoft mastercard blackrock paypal<\/div>\n
– mo joins the CFTC digital asset subcommittee in june 2024<\/div>\n
– december 19 2024: mo announces he’s stepping down as CEO<\/div>\n
– says he needs “much-needed time to reflect on where the world is headed”<\/div>\n
– APT drops 13% in hours. from $12.66 to $11.02<\/div>\n
– his exit timed perfectly with his compensation package vesting<\/div>\n
– mid six-figure payout. collected right before leaving<\/div>\n
– left at the peak of the bull market. bitcoin was above $100K<\/div>\n
– crypto twitter calls it “quitting at the top”<\/div>\n
– someone tweets “24 hours into the bear market and the aptos co-founder capitulates his company to take a mental health break”<\/div>\n
– october 2025: announces maximum frequency ventures (MF ventures)<\/div>\n
– raised $50 million for a crypto VC fund<\/div>\n
– when asked why it’s called MF he says it’s a “nice play on letters” and laughs<\/div>\n
– the letters he means: motherf*cker<\/div>\n
– already deployed $5 million into 6 startups<\/div>\n
– then tweets “i have a nice SUI bag now ;-)”<\/div>\n
– SUI is aptos’ direct competitor. built by other ex-meta employees using the same diem tech<\/div>\n
– APT is now trading around $0.83<\/div>\n
– down from all time highs of over $19<\/div>\n
– that’s a 95%+ drop<\/div>\n
– the people who held APT while he built his VC fund and bought SUI got left behind<\/div>\n
<\/div>\n
he grew up watching his dad lose money to middlemen<\/div>\n
then became the middleman<\/div>\n
built a blockchain that raised $400 million<\/div>\n
collected his bag when the tokens vested<\/div>\n
left when the market turned<\/div>\n
started a fund with the money<\/div>\n
and bought the competition’s token while his old holders watched their bags go to zero<\/div>\n
<\/div>\n
the “mental health break” ceo<\/div>\n

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Farea<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@FareaNFts\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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co-founder of a $20 billion blockchain project quit after his tokens vested, said he needed a “mental health break,” started a VC fund, then tweeted “i have a nice SUI bag now” while his old token dropped 95%<\/p>\n

– be \u2066\u202a@Moshaikh\u202c\u2069<\/a>
– full name mohammad shaikh
– first generation pic.x.com\/kccJJ5NAac<\/span><\/a><\/td>\n<\/tr>\n

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3\/2\/26, 1:33\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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Chapter 1 to Chapter 14\u2019s an \u201cEaster Egg\u201d at <\/span>#ch1 to #ch14. Including #ch2 which\u2019s chapter 2 at my house in Napa California<\/span><\/div>\n

http:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/p>\n


<\/span><\/div>\n
On 09-09-39, “What They Will NEVER Teach You at Stanford Business School” debuts at 300 w 44th St at New York Fashion Week’s front row
http:\/\/www.youtube.com\/watch?v=QXIaNZi3mHQ<\/span><\/span><\/div>\n

What A Super Model Can Teach a Harvard MBA About Credit www.slideshare.net\/larrychiang\/what-a-super-model-can-teach-a-harvard-mba-about-credit<\/a><\/span><\/p>\n

American Express hosts me mentoring you about FICO scores at New York Fashion Week
t.co\/inxTmZAj<\/a><\/span><\/p>\n

My video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve 
http:\/\/www.youtube.com\/watch?v=eudADPfTWiE<\/span>
<\/span>***********<\/span><\/div>\n

Steve Jobs Texted me on 650-283-8008 in the same way that Mr Jobs called Bill Hewlett <\/span>https:\/\/x.com\/superSaiyanSkai\/status\/1941392367304761636\/video\/1<\/a><\/span><\/div>\n

<\/p>\n


<\/span><\/div>\n
Larry Chiang<\/span><\/div>\n
Fund of Founders<\/div>\n
Founding Stanford EIR<\/div>\n
@duck9 alum, Deeply Understood Capital Credit Chinese Knowledge 9<\/div>\n
Solo Founder Uber API<\/div>\n
650-566-9600 Office<\/div>\n
650-566-9696 Direct<\/div>\n
Cell: 415-720-8500 <\/div>\n

<\/span><\/p>\n

650-283-8008 (cell)<\/span><\/div>\n

<\/span><\/div>\n
Editor of the widely syndicated “What They Don’t Teach at School”
whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/span><\/p>\n

CNN Video Channel: ireport.cnn.com\/people\/larrychiang<\/a><\/span><\/p>\n

Read my last 10 X posts at www.X.com\/LarryChiang<\/a><\/span><\/p>\n

Author of #WTDTYASBS a NY Times Bestseller released 09-09-09 at #NYFW on a runway under the tents
whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/span><\/p>\n

www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/span><\/p>\n

52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
http:\/\/www.youtube.com\/watch?v=vDBY0GkI3-g<\/span><\/p>\n

Emergency swings and cutting deals as an 9 year old
http:\/\/www.youtube.com\/watch?v=OFGY7v9C4G0<\/span><\/p>\n

Hunter Pence shared thoughts before winning WORLD SERIES’ Game #7
http:\/\/www.youtube.com\/watch?v=usu0luYy9pw<\/span><\/span><\/p>\n


<\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

co-founder of a $20 billion blockchain project quit after his tokens vested, said he needed a “mental health break,” started a VC fund, then tweeted “i have a nice SUI bag now” while his old token dropped 95% – be @Moshaikh  – full name mohammad shaikh – first generation immigrant – grew up in brooklyn […]<\/p>\n","protected":false},"author":1,"featured_media":37901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37900","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/37900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=37900"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/37900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/37901"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=37900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=37900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=37900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}