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TLDR: Whale trader traps trading bots, bootstraps 'spoofed' market dynamics which fool average Joes into predictable behaviour.

• Snackchez 9y ago
  Missed the part about Bitfinex not being able to bank anymore and then creating Tether, a non redeemable cryptocurrency.
  • JVerstry 9y ago
    Yup, that's the big deal here... not the spoofing...