8 Comments
Jan 2, 2023Liked by Dirty Bubble Media

Your writing style is super accessible - have learned much from you. Thank you!

Did Avi take the added step of borrowing funds (versus simply cashing out the account 1 position) because the futures contract had limited liquidity available in stablecoins whereas the borrowing step increased their total payout to $117m across multiple coins?

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Jan 2, 2023Liked by Dirty Bubble Media

Great article! I have been curious as to how these grifters are grifting people .

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Jan 2, 2023Liked by Dirty Bubble Media

Interesting article and gives those who setup crypto exchanges a look into how to avoid this type of manipulation.

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the real crime was building a protocol that was so easily exploited. Avi did DeFi a favor by putting it out of business.

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thanks for the deconstruction of the 'trade' I can understand the charges now

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I am not sure I completely understand. If he sold himself futures, wasn’t he also on the losing end of the trade? Wouldn’t he have had a massive margin call on that side?

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