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Replying to

@KyleSamani

@SBF_Alameda

and 2 others

I must be thick... what’s the more unsavory version of the accusation? This is the only interpretation I can think of

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Cyrus Younessi

@cyounessi1

Dec 6, 2020

Replying to @SBF_FTX @SBF_Alameda and @haydenzadams

Just to clarify Scott's tweet, to hopefully mitigate any *additional* unsavoriness, it was implying that the Serum team forgot to turn on the bots after Solana came back up, and it wasn't until they saw Scott's tweet that they were reminded to turn them back on (hence the 6 mins)

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weird ok maybe I'm wrong then! I was interpreting it as him implying that the volume was self-trading/wash trading/something like that That is my strong impression from "real customer orders that are definitely not a bot" But maybe I'm wrong!

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He is implying that it's wash trading. "Forgot to turn on the bots" = forgot to resume wash trading (and also implying that it was resumed 6 minutes later because serum team noticed his post)

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(yeah ok so I'm pretty sure I'm not wrong about what he was implying, but given that many others didn't interpret it that way maybe it would have been best just to let it slide :P)

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oh, thats how i interpreted it to be fair, but i didnt think that was a big deal or anything in particular (like its still real volume / trades)

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Yeah same. Bots for bootstrapping liquidity isn’t really an aggressive accusation. He’s saying there aren’t any users, not that there’s some sort of criminal fraud happening.

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What Cyrus said. He tweets about how trades haven't resumed, 6 minutes later they do, why wouldn't he make fun of that?

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What was the real timeline of events here? Was literally 0 human intervention required (beyond fixing Solana), and this was a pure coincidence?

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er it definitely wasn't related to his tweet! there are likely various people with automated trading systems that are trading on Serum, I'm not sure exactly what processes are involved there

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Well then it's quite a coincidence and I don't blame him for being skeptical about it.

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he's blocked me on twitter, not sure how I would have seen it right then :P

8:05 AM · Dec 6, 2020Twitter Web App

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I suppose ideally "Serum got fixed" wouldn't immediately bring to mind "But how could that happen if Sam didn't see the tweet?"

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I guess I'm still a bit confused on whether you think he was saying that serum has some people using API-like trading, or specifically that it was the same party trading with themselves to fake trading volume?

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