Summary
1. Buy $45m-$50m of $CRV from founder via OTC at $0.40 cents so he can pay down his loan.
2. Max lev long $CRV across multiple exchanges. (OI $71m ~ Binance, $28m Bybit, $23m Okx)
3. Founder pays down loan with newly acquired USDT from OTC deals.
4. Market sees the loan paid down and start covering their shorts.
5. Whales sell their spot CRV and close out long positions. (Enough Hopium)
1. Buy $45m-$50m of $CRV from founder via OTC at $0.40 cents so he can pay down his loan.
2. Max lev long $CRV across multiple exchanges. (OI $71m ~ Binance, $28m Bybit, $23m Okx)
3. Founder pays down loan with newly acquired USDT from OTC deals.
4. Market sees the loan paid down and start covering their shorts.
5. Whales sell their spot CRV and close out long positions. (Enough Hopium)
U.S. DEPARTMENT OF JUSTICE OFFICIALS ARE CONSIDERING FRAUD CHARGES AGAINST CRYPTO EXCHANGE BINANCE - SEMAFOR - RTRS