seeing a lot of tweets about how 60M of USDE being sold on binance triggering the entire liquidation
if you pulled up a chart youll realize USDE on binance depegged 20 minutes after the crash, after HL "insider" shorts closed, etc
these attack and profit thesis make no sense

ElonTrades
@ElonTrades
10-12
The Oct 11 Crypto Crash — What Really Happened
TL;DR:
Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.
That localized depeg triggered
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





