By Wayne Jones On February 26, Lighter, a decentralized crypto exchange, announced that its upgraded liquidity pool system successfully resisted a $50 million ARC perpetual long squeeze attempt. This occurred after approximately 600 traders reversed a whale’s position, resulting in an $8.2 million loss, and the episode tested Lighter’s newly launched LLP Strategies, capping the […]
Tag: ADL
By coinspy Key Points The exchange defended its actions as necessary to preserve solvency and prevent bad debt, emphasizing full on-chain transparency. Critics, including Crypto.com CEO Kris Marszalek, called for regulatory scrutiny of exchanges with unusually high liquidation volumes. Hyperliquid’s CEO Jeff Yan argued that other platforms underreport liquidations due to limited data sharing, suggesting […]