EXPLANATIONS OF USDE 'DEPEG' ON BINANCE FOCUS ON COORDINATED ATTACK, ORACLES
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NjhhZjAtMWI5MC03MjQ5LWFjMDktYjMxMDI2NGRjYWU0.jpg
✍️ The USDe synthetic dollar depegged on Binance due to an internal oracle issue, not because of the underlying collateral or token, according to Ethena Labs' founder Guy Young.
👉 USDe depegged on Binance due to internal oracle issue 👉 Binance used own orderbook data instead of external price feed 👉 Severe price discrepancy triggered cascade of liquidations 👉 Event wiped away $20 billion in open leveraged positions 👉 Some traders speculate coordinated attack exploited Binance's 'Unified Account' feature
-- #GuyYoung #ElonTrades #KrisMarszalek #DonaldTrump #Binance #Curve #Fluid #Uniswap #technology
Loading quoted post…
