Let’s talk more about yesterday's event in $VRA. We witnessed a rapid drop of -80% in its prices yesterday. Of course, the community's first reaction is to scream SCAM instead of trying to understand what happened; much of this is because EVERYONE is already saturated with these crazy drops.

I always say that fast and transparent COMMUNICATION is essential to NOT generate even more noise and speculation, and despite having had communication from @verasity, I think we should have been quicker about it, but that is not the focus of the text.

The focus here is AGAIN the actions of OKX, which is completely disorganized, as OKX announced the delisting of the VRA/USDT futures contract WITH THE WRONG DATE, as it clearly stated March 12, meaning a PAST DATE, which caused widespread panic among Traders who thought the date had already expired and needed to rush to close their orders, and the CORRECT date was May 12, meaning Traders still had time.

THIS action with the wrong date was already enough to trigger the same problem we saw in $OM since the "Mechanisms are always the same"...

THERE was no liquidity in the FUTURES walls and the price dropped abruptly. With this quick movement, the Market Makers (Bots) quickly sold to align with the price on OKX.

(Notice the similarity with the OM case, HERE!)

From the moment the price aligns downward with OKX, sellers on the spot and some large holders also sold out of fear, further forcing the price down and activating Stop-Loss orders that were positioned below the prices.

NOTICE again that just like in @MANTRA, there was no selling because the fundamentals were shaken or anything with the team, but rather due to an error by OKX, and after the error, the very "mechanisms" were responsible for driving the price down.

Just as I said in the MANTRA case, I repeat here in VERASITY: IF we do not start talking about how to improve these mechanisms to avoid these drops caused and prolonged by the current systems in CEXs, we will end up facing this PROBLEM down the line with some really big project, and then we will have something devastating. For now, most remain silent because it is easier to bet on the weak memory of crypto investors, but there will come a time when the project affected by these "mechanisms" will be so important that there won't be enough time to erase the failures of the CEXs. Only then will we start talking about this, right?

AGAIN, we do not have a case of SCAM or a problem related to the fundamentals of the project, operations, technical failure, token alteration, or anything like that. We AGAIN have a disaster caused by the current model of "mechanisms" implemented on CEXs, and due to actions by third parties, the projects were and will always be the ones harmed along with their communities.

Shall we start fixing the current models of "mechanisms" in CEXs now or only at the next big disaster?!