Maksims_Kurajevs | Monezo.xyz
@maksims
🔥How Exchanges Liquidate Your Positions and Manipulate Currency Rates 🟠In recent news, ex-head of Alameda Research, Caroline Ellison, testified that she colluded with Sam Bankman-Fried to artificially sell off Bitcoin to keep its price under $20,000
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Maksims_Kurajevs | Monezo.xyz
@maksims
This bombshell dropped during the criminal trial involving FTX, where Ellison revealed that Bankman-Fried instructed Alameda to sell BTC, acquired from FTX client funds, in a bid to stabilize its price. Further digging unveiled Ellison's misuse of FTX customer deposits to cover Alameda's debts
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Maksims_Kurajevs | Monezo.xyz
@maksims
1/ So, what does this latest piece of intel tell us?👇 📛Futures - You're Playing Against the Exchange On the surface, futures might seem like a game between two exchange participants, with the exchange simply acting as an infrastructure provider.
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Maksims_Kurajevs | Monezo.xyz
@maksims
2/ But, it's pretty clear that the exchange itself plays the market. It's an open secret: For instance, when you want to list your project on an exchange, working with a market maker and meeting specific trading conditions are mandatory.
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Maksims_Kurajevs | Monezo.xyz
@maksims
3/ Now, think about all the newbies and those touting futures trading strategies, signals, patterns, and the whole circus. How wise is it to trade highly manipulated futures against an exchange that always has your deposit?
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