On-chain sleuth ZachXBT tweeted that the project lost a whopping $20M due to the UST implosion in May 2022, based on a newly leaked message between the CEO and COO of Catheon Gaming, developer of the P2E game SolChicks on Solana treasury funds and decided not to inform the community. ZachXBT reached out to the COO of Catheon Gaming for comment, stating that “Regarding UST – we discussed and disclosed this issue with our largest private holder. But in the best interest of the project, don’t risk unnecessary Risk options are not announced publicly, and we have no leverage.” In addition, ZachXBT stated that looking at Solchicks Saft’s ETH address (0x89af65FF45F00149C6d847e9344F9dE5989641D0), they did not appear to be holding funds in a multisig.