Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto

Wall Street’s Latest ‘Market Manipulation’ Scandal Should Be a Wake-Up Call for Crypto



Bill Hwang could also be a legal, or he could have merely been taking part in the Wall Street recreation in accordance with a set of unwritten however accepted guidelines – in any case, at the present time, dishonest and mendacity are virtually {qualifications} for working in excessive finance. Crypto has the distinct benefit of transparency – Hwang couldn’t have induced as a lot harm if he hadn’t hid his ranges of focus and leverage. In most instances, comparable conduct by a layer 1 or different protocol could be way more seen. The query is whether or not merchants and traders are paying sufficient consideration to what’s proper there on the blockchain to keep away from a replay of Archegos, in crypto kind.



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