Leverage

A flash crash was dominating last night in the crypto space. Some altcoins got obliterated and lost up to 80 % at the deepest point. Quite astonishing, as it was the deepest crash in such short amount of time besides the Mt Gox and Covid crash.

The key word in everything is leverage, people that had leverage and were in for more money than they can afford, got rekt, and hard.

That also cost over 30 million dollars to Konstantin Galish, better known as Kostya Kudo. His company lost immense amounts of money of investors, of which a lot of Ukrainian military.

Galish took his own life in his Lamborghini Urus…

Sad story!

Sincerely,

Pele23

Posted Using INLEO