Crypto Traders Turn Against Each Other in a Collapsing Market

Crypto Traders Turn Against Each Other in a Collapsing Market

(Bloomberg) —

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With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits.

Many shark traders scour blockchains — digital ledgers for recording transactions — seeking information on other traders, particularly those with highly leveraged positions, an anonymous user known as Omakase, a contributor to the Sushi decentralized exchange, said in an interview.

The sharks then attack the positions by…


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