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Please translate for me. What did they do? > so I shorted AXS with high leverage > Within 24 hours I was liquidated because nobody else noticed the hack for
by politelemon 5y ago
Please translate for me. What did they do?
> so I shorted AXS with high leverage
> Within 24 hours I was liquidated because nobody else noticed the hack for 6 days and the price pumped instead
- yblu 5y agoThey lost their money on the short position because the price went up, instead of going down. Had other people noticed about the hack as early as they had assumed and the price went down as they had assumed, they would have made a lot of money.