Binance just printed $761M in liquidations in 24h, nearly half the entire market ($1.54B), on a venue where users couldnβt even deposit collateral safely to defend themselves.
The only algorithm at
@binance that never gets compromised: the one that liquidates its own users while the hot wallets are still on fire.
@elonmusk since youβre laughing at the CEX circus: put
@tradexyz on X.
Intel dumped 24% overnight. Over $4bn of stocks, oil and indices traded while the NYSE was shut. ICE and the NYSE signed up yesterday.
The everything app needs the one market that never closes. π
I wish everyone followed that advice.
The hack is more complex than that, but all hacks generally have a compromised device (or algorithm) at some point.