ALPACA Dog Fund Exploits Binance Delisting System Loophole to Crazy Harvest Tens of Millions of U

1. Binance's voting delisting for certain coins essentially gives the Dog Fund advance time to collect chips; these coins have a market value of millions of U, making it easy to gather the majority of the circulating supply before the delisting notice.

2. After the delisting notice is released, a massive influx of retail investors typically shorts ALPACA, while the Dog Fund goes long on it instead, as they already control the chips. The spot price can surge infinitely, skyrocketing 50 times in just a few days, causing the tens of millions of U that entered the market to short to be liquidated.

3. Most importantly, the Binance contract delisting rules automatically liquidate and settle based on the average price in the last half hour before closing, meaning the Dog Fund does not need to worry about selling pressure. They crazily push ALPACA from a market value of millions of U to 150 million U, harvesting tens of millions of U from short positions in the market, after which the exchange will automatically close positions for profit.

4. After making tens of millions of U in contract profits, the spot market still has 2 days before delisting, providing ample time to sell off this worthless spot and make another profit.