This article is generously sponsored by the Koge Group
加密大ok
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Bybit may indeed be the true culprit behind this 'financial terrorist attack.'
After the on-chain investigation report released by the ZKJ project party, it directly exposed some people's pants—someone had long been sharpening knives by the KOGE 'retail investor pit'!
From the ZKJ report, it can be seen that someone exploited the weak on-chain liquidity of KOGE and the extremely narrow LP price of KOGE-ZKJ, causing a flash crash by withdrawing the pool, and then using the liquidity obtained from a large sell-off to completely drain the liquidity, resulting in a snowball effect that directly turned into an avalanche! Withdraw pool → flash crash → blood-sucking ZKJ → sell-off → liquidity exhaustion → price collapse again... This entire sequence of actions is clearly the work of a professional team that has 'planned for three months and harvested in three minutes'! Today, we will uncover Bybit's seven deadly sins:
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