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1) I am fine to wait for the post mortem here, possibly I am missing something but 2) in 2021 to have something like this happen on top pair like $ETHUSD from a company that has been around for half decade is hard to understand & be critical

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Jesse Powell

@jespow

· Feb 22, 2021

Replying to @luyongxu

Hi Kevin, I'm a fan of @coinmetrics but don't you think it's irresponsible to make misleading, disparaging and libelous statements on the basis of your own speculation, without any direct information? I'm sure you can think of a plausible alternative. Hope you issue a correction.

Jesse Powell

@jespow

Replying to

@BTCVIX

What's hard to understand? Any super whale can move any market any time they want.

12:09 AM · Feb 23, 2021Twitter Web App

Replying to

I can dig through the archives this happens a bit more on Kraken for some reason Jesse also a 50% discount from the rest of the market on a major pair tells me some one of risk management over there at Kraken is sleeping.

BTCVIX

@BTCVIX

Feb 23, 2021

other exchanges implement a number of safeguards even for fat finger type mistakes but also for intentional ways to do such things, what has Kraken done to at least try and prevent such things ?

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and

What he's really trying to say is Kraken's liqudity and order book depth sucks compared to your competitors

CryptoJack | Crypto Technical Analyst

Replying to

and

Jesse I don’t think you recognize the significance of your position in US markets as basically the *only* margin exchange option... but not when top 5 coins decouple from the greater markets by 50%.

Replying to

and

The fact you using the the term “super whale” to try and explain price action as if a single entity can do this gtfoh it’s 2021 not fucking crypto 2013

Replying to

and

Maybe this isn't the real Jesse Powell? Interesting talking points but no real data on why only Kraken suffered 80% losses on their orders. No other exchanges had this problem but you blame your users instead? I expected more from a U.S. based company.

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and

Please investigate Kraken from today's action. Their CEO claims it was normal market conditions. Yes, liquidating every single margin trade is definitely normal market conditions. Trading 50-90% market value is not normal market conditions.

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and

Yes move every single pair all at once on your exchange to 50%-90% market value. Seems not suspicious whatsoever.

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and

the platform tho was far more problematic with respect to that move than Any other. smoked most if not all long contracts due to sys failure. imo sys failures Should not liquidate your customers - that’s a huge UX problem. will those who should not have been liq’d be made whole?