π€ #BNB WuBlockchain: The Oct. 11 market crash was a deliberate attack aimed at Binance and one of its major market makers. Binance's Achilles' heel was its Unified Account margin system.
The proof of the attack's intentionality is its timing: it occurred exactly between Binance's announcement of the oracle price adjustment and its actual implementation. The announcement was made on October 6, and the change itself was scheduled for October 14, giving the attackers a perfect opportunity.
The current market crash has similarities to the #LUNA crash, as both occurred when major exchanges began accepting "non-fiat" stablecoins as highly collateralized assets.
The proof of the attack's intentionality is its timing: it occurred exactly between Binance's announcement of the oracle price adjustment and its actual implementation. The announcement was made on October 6, and the change itself was scheduled for October 14, giving the attackers a perfect opportunity.
The current market crash has similarities to the #LUNA crash, as both occurred when major exchanges began accepting "non-fiat" stablecoins as highly collateralized assets.
π₯1π€―1
π #LUNA #LUNC Do Kwon has asked a US judge to limit his prison sentence to five years. Claims that a longer term would be excessive given the sentence and sanctions already served.
Meanwhile, the South Korean prosecutor's office is pursuing a separate case related to the same events and is demanding up to 40 years in prison for him. cointelegraph
Meanwhile, the South Korean prosecutor's office is pursuing a separate case related to the same events and is demanding up to 40 years in prison for him. cointelegraph
Forwarded from Elite Trade Signals β Crypto | Forex | Gold
If the channel breaks and we get confirmation above the 0.0890 level, a long position can be taken.
#LUNA #Crypto #SignalsToday
@Signals2day
#LUNA #Crypto #SignalsToday
@Signals2day
πβοΈ #LUNA #LUNC Bloomberg: US prosecutors have requested a 12-year prison sentence for Terraform Labs co-founder Do Kwon, labeling his involvement in the 2022 TerraUSD collapse as a βcolossalβ fraud that led to significant failures in the broader crypto market, including FTX. Sentencing is set for December 11.
Forwarded from Elite Trade Signals β Crypto | Forex | Gold
βThe analysis played out perfectly, and on the 15-minute timeframe we had a great pullback.β
#LUNA #Crypto #SignalsToday
@Signals2day
#LUNA #Crypto #SignalsToday
@Signals2day
π2β€1
Forwarded from Elite Trade Signals β Crypto | Forex | Gold
βWe are seeing similar patterns in LUNA and LTC. There is a possibility that LTC could make a strong jump similar to LUNA.β
#LUNA #LTC #Crypto #SignalsToday
@Signals2day
#LUNA #LTC #Crypto #SignalsToday
@Signals2day
π #LUNA Jane Street asks court to dismiss Terraform Labs' insider trading lawsuit. theblock.co #regulation link
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