ALPACA Dog Traders Exploit Binance's Delisting Policy to Recklessly Harvest Tens of Millions of U

1. Binance's voting for delisting certain coins effectively gives Dog Traders advance notice to collect their chips; these coins have a market value of millions of U and can easily gather the majority of circulating supply before the delisting notice.

2. Once the delisting notice is released, a massive influx of retail funds typically shorts ALPACA, while Dog Traders go long, as they already control the chips. The spot price can surge infinitely upwards, resulting in a 50-fold increase in just a few days, causing the tens of millions of U entering the market to short to be liquidated.

3. Most importantly, Binance's contract delisting rules automatically settle based on the average price in the half-hour before the close. This means Dog Traders do not need to worry about selling pressure, as they can wildly drive ALPACA from a market value of millions of U to 150 million U, harvesting tens of millions of U in short funds before the exchange automatically liquidates for profit.

4. After profiting tens of millions of U from the contracts, the spot has another 2 days before delisting, providing ample time to sell off this worthless spot for additional profit.