brypto

This seems kinda crazy, no? I get there was market manipulation going on, but isn't that the consequence of permissionless open markets? How bad was the risk here of letting it run?

Also is there anything to the theory the $jellyjelly perps listing by Binance/Okx was coordinated? Or is that all just volume based?

Yea, could’ve been a total shitshow. In open markets like crypto, low liquidity + manipulation = trust gone and volatility on steroids.

Also should mention about that
No proof they teamed up. Probably just hopped on the $jellyjelly volume train, but that synced drop? Smells fishy. Need tx data we don’t have yet