BlockFi sent out $BTC to some clients instead of stables.
Recipients took newfound coin to Mex, slid the leverage slider to the right, aped into some degen longs, convexity took care of the rest.
Result: The overhang from the mex liquidation engine. 100% true story.
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Source: my dad works at Bitcoin.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Ive read DARUDE SANDSTORM lol
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.