James Wynn lost over 100 million dollars in a single liquidation…
But that catastrophic loss may have revealed the biggest dirty secret in the cryptocurrency world.
Here’s how the system was manipulated — and how it’s used against you 👇
(2/🧵)
Wynn was a known whale — trading positions consisting of 8 figures using leverage.
He wasn't reckless. He had guarantees. He had risk management.
However, on a day that seemed ordinary, his position was completely liquidated in seconds.
There was nothing logical.
(3/🧵)
He had placed his long position on a major altcoin — with tight liquidation limits.
While the market was moving sideways, one exchange showed a sudden and violent movement…
Dropped just enough to trigger a liquidation of Wynn.
No other exchange showed the same movement.
(4/🧵)
Here the red flags appeared.
No major news
No mass selling from whales
No coordinated dumping across markets
Just price manipulation across a single exchange wiped out Wynn's position.
And this is where it gets worse 👇
(5/🧵)