Major exchange CEO just called out Binance for the liquidation cascade during the crash.
The real issue? Traders stacking leverage loops chasing higher yields. Same degen playbook that always ends in rekt.
When everyone's borrowing to borrow to borrow... you know what's coming. Risk management went out the window for that extra 2% APY.
This isn't about the exchange. It's about overleveraged positions getting wiped when volatility hits. Tale as old as crypto itself.
The real issue? Traders stacking leverage loops chasing higher yields. Same degen playbook that always ends in rekt.
When everyone's borrowing to borrow to borrow... you know what's coming. Risk management went out the window for that extra 2% APY.
This isn't about the exchange. It's about overleveraged positions getting wiped when volatility hits. Tale as old as crypto itself.