[curiousgal]

How to turn 2.0003 million dollars into 3:

1- Have 1 million dollars in ETH

2- Place a buy order at a very low price

3- Place a sell order for the 1 million dollars in ETH you own

4- Have a partner fill that sell order

5- Watch the price topple down and your order from 2 get filled

[kasey_junk]

That's not how exchanges typically work you don't get to choose who fills your order the exchange does.

But you can manipulate the markets in a similar way without a collaborator. It's called running the stops and is an old technique.

[curiousgal]

>That's not how exchanges typically work

They do if you work inside one. Just saying that people have done way more for way less money.

[kasey_junk]

You can accuse the exchange of corruption that's a well worn technique!

Or it could be that this is immergent behavior that exists in all modern exchanges and it hit a population that wasn't prepared for it because of lack of sophistication.

[alimbada]

Or:

1- Someone bought ETH for a ridiculously cheap price during the presale and forgot all about it (https://etherscan.io/address/0x7d551397f79a2988b064afd0efebe...)

2- Realised two years later how much it's worth

3- Decided to cash out having no prior experience of how stock/ForEx/crypto exchanges work, i.e. they were ignorant of the consequences of dumping that much ETH on one exchange in one go

4- Which then triggered a cascade of stop losses and margin calls.