Cysec Brownie

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Cysec Brownie

Cysec Brownie

@CysecB

alias Sopi, Hyperliquid and Lighter Amigo/OG, founder and chief retard

参加日 Ocak 2021
1.5K フォロー中1.2K フォロワー
Aggr News
Aggr News@AggrNews·
LIGHTER RAISES $68M AT $1.5B VALUATION LED BY FOUNDERS FUND AND RIBBIT CAPITAL: FORTUNE
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James Chanos
James Chanos@RealJimChanos·
@longgamma Looks like someone else took that bullet first…
James Chanos tweet media
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wishful_cynic
wishful_cynic@EvgenyGaevoy·
@SBF_FTX Same as with 3AC clowns. No true remorse, no admittance of fault, just “things happening outside of my control”. You were not a bank, nobody wanted you to invest their crypto into ventures. And all the people sucking up to you, leaning on your “story” are equally pathetic
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Karthik
Karthik@implied_vol·
@vnovakovski will you guys support builder codes on Lighter?
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ZachXBT
ZachXBT@zachxbt·
This cycle I notice many offshore Asia CEXs appeared trying to replicate the MEXC bucket shop model like KCEX, Toobit, WEEX, Jucoin It’s sad seeing so many people blindly trade on these CEXs after KOLs promote them. I do not think users realize the lack of protection available for them if anything bad happens vs regulated CEX or transparent DEX It’s 2025 not 2016 so offshore unregulated CEXs = massive red flag
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jmo
jmo@cuntycakes123·
In reference to this a few things to note: - it’s obvious that Mexc is countertrading their users or they wouldn’t go to these lengths protect themselves against seemingly benign issue - proves how little they care about the user. Imagine if this happens to someone with zero social media presence, this gets buried in support forever. This is insane, if you are someone you have a phone call with the ceo as your support agent. If you aren’t you are shit out of luck. - the way Cecilia responds you can tell the entire operation is just pure crime. She talks about a user balance as if it’s community asset that can be moved just as long as it’s in the best interest of the community. This is sbf levels of straight scamming just minus the 3rd party effective altruism.
The White Whale@WhiteWhaleLabs

MEXC Update On October 20th, I had a one-hour call with @cecilia_hsueh, who has publicly taken on the role of trying to resolve the @MEXC_Official issue. I started the call with my camera on - something that apparently surprised her. I told her I had nothing to hide. I prefer to look people in the eye. From the start, she used the classic corporate playbook. She claimed she had “undeniable proof” I broke the rules - meaning, by MEXC’s own terms, the funds should be forfeited (a polite way of saying they get to keep them). She said she was happy to show this evidence to a third party…but that doing so would require doxxing me, and she “knew I wouldn’t want that.” Then came the carrot: She said MEXC “wants to resolve it” and “sees a path to unlocking the funds.” But it quickly became clear that what they really wanted was for me to publicly admit I broke the rules - to validate their actions with my own words. I asked her to tell me more about the supposed “evidence.” She said back in April, they had records of two orders executed within the same second - which they deemed as not possible from a manual process. Wait…April? When I was still testing strategies - and losing money? Yet they didn’t freeze my account until the fall, after I made $5M in profit in 90 days? I took a breath and told her very sincerely: “I don’t know if you’re a parent. But I have two young daughters. And on all of the love I have for them I can promise you that I did not do what you're saying I did. I used no bots, no automation. Every single trade was manual.” I explained that VPN lag could easily explain two trades executing a single second on their side - doesn't mean they were sent from the same second on my side. She acknowledged the point but didn’t concede. We reached an impasse. Still, she indicated MEXC was “open” to releasing the funds - if I helped them control the narrative. It was obvious: they want me to say, “I broke the rules, but MEXC was nice enough to return the money.” I told her I’d only ever speak the truth. If the matter was resolved, I’d gladly make a public statement - but it would be based in reality, not propaganda. I can and do see how it's possible that my unique - manual - trading strategy, combined with laggy VPN internet traffic could potentially trip a risk review. I used to run a web2 empire - I know all sorts of things can trigger risk control and that sometimes innocent people get caught in the crossfire. What matters is how quickly the business resolves it. I've never had an issue with being put under review. Taking months to even tell me what I'm accused of and finding me guilty on little more than mere suspicion? That I take issue with. We did agree on one thing: their old “risk control” system - total radio silence, zero transparency, and endless review extensions - is broken. She even admitted that much. We closed on a surprisingly cordial note. She complimented my understanding of the industry and even suggested I might make a good CEO candidate for one of MEXC’s new initiatives. I laughed and told her I’d never want to be a CEO again - but I’d gladly donate my time as an unpaid advisor to help MEXC fix their broken systems and improve customer experience…if their intent to improve was real. The call ended with her promising follow-up in the next couple of days. That was a week ago Monday. It’s now over 10 days later and still no movement on this issue. Let me be clear: I never expected much. Cecilia is new to the organization - perhaps even sincere - but ultimately captured by MEXC’s internal narrative: that they are the victims, and that once they define you as “in violation,” they’re justified in keeping your funds. But here’s the part they probably didn’t mean to reveal - this public pressure has hurt them. But my voice is not for sale. Not for profit. Not for peace. Not for anyone. They’ll just have to live with that. 🫡 From the depths — The White Whale 🐋

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Cysec Brownie
Cysec Brownie@CysecB·
Is your criticism directed at traditional limit order books? Because that's how they're supposed to work. There are a few exchanges that operate completely different models or have a few tweaks for example @DriftProtocol has JIT dutch auctions which would have improved the execution price for the bot and users that slammed the long button. Only problem I see is that the market took too long to correct the price. Lighter needs more people to provide liquidity and engage in arbitrage. As for the traders, the market thrives on mispricing (on a small and large scale) and traders betting on what the right price is, and in this case it was very obvious
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Coincock
Coincock@0xcoincock·
@CysecB @Lighter_xyz people were going long at $70 and closing their positions just to lock in losses — don’t you see a problem with that?
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Lighter
Lighter@Lighter_xyz·
A runaway bot jammed through the HYPE book with size, there were no liquidations or other adverse effects beyond this. Low volume was traded at very high prices, leaving the wick in creates scaling issues for the chart so it was scrubbed from the front end.
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Cysec Brownie
Cysec Brownie@CysecB·
@0xcoincock @Lighter_xyz On-chain data and websocket feeds records show no liquidation. -160% PNL is an effect of margin and leverage not liquidation
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John Peepee Morgan
John Peepee Morgan@Jpeepeemorgan·
@samyamtrading @Lighter_xyz There were traders who tped hype at $80-90 range. There were people who shorted hype above $60 there. Where does the profits come from exactly?
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SMTrading.🕯️
SMTrading.🕯️@samyamtrading·
For those who think traders will be liquidated in @Lighter_xyz due to the $98 HYPE wick, study this: Oh you don't understand? No worries, maths are hard. You just need to know: Mark price are capped to deviate by 0.5% from Index Price - Unless you can manipulate price in other dexes as well. In order to force liquidation of other traders, you can't just manipulate price in Lighter , you need to manipulate spot price of the underlying assets + manipulate all the centralized exchanges that provide oracle price to the asset as well.
SMTrading.🕯️ tweet media
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