If your watchlist looked like a crime scene yesterday, you just met a proper leverage flush.
Trackers showed a record-sized wave of forced liquidations. That’s why everything felt like it moved together, but it wasn’t random, it was the plumbing doing its job. #BTC
��� IMPORTANT- please retweet and tag @phantom and @solana 🚨
1. Many users are claiming they are getting notifications that they are sending tokens to an unknown address
2. Common Denominator is that they have all been @phantom wallets
Apparently Do Kwon was cashing out 80 million a month and stashing it in a secret account in the lead up to the collapse of $ust.
The $luna rabbit hole goes deep.
One thing that worries me…
Crypto’s popularity was born out of massive distrust of traditional finance and hostility towards existing institutions (regulators, central banks etc.)
Who do they blame for this now? What comes next?