[bush-bby]

>“It was definitely very impressive,” Kellar says. “But it was a poor use of his talent.”

I mean how ignorant do you have to be to hold this perception about someone who has just outsmarted you.

A poor use of his talent… obviously not? The guy is 16 million wealthier and has quite the legal leg to stand on in regard to being sued.

Also, if you’re capitalizing on an unregulated market and trying to apply your own ideals and goals to that market, you’re inherently a market manipulator. I mean what a fucking astonishingly bold claim it is, to accuse the person who took advantage of your error in market manipulation, as being guilty of some sort of market manipulation. The whole thing’s unregulated, that’s how slimy slithery people like y’all get people to drain away their money in the first place right? “Decentralized Finance”. I mean in my opinion these guys can just go fuck themselves and we all call it a day.

[AbrahamParangi]

The guy has a warrant out for his arrest and is currently in hiding. He’s brilliant but this was stupid.

[bush-bby]

I did not see that there was currently a warrant for his arrest, I thought he just refused to acknowledge that he was being sued at this point in time.

Nonetheless…he’s got more than enough to pay his legal fees now, which in his mind will be unfrozen when the lawsuits are over.

[rnk]

The automatic trading program didn't account for this tricky trade, is that illegal (what if he caused a float overflow or div by 0 and benefited, is that illegal)?. Another reason why I wouldn't put serious money into eth contracts, because there's just an endless series of people figuring out tricky holes or bugs. It was definitely market manipulation, but what is legal and not is pretty tricky. If I buy up all the land someone needs ahead of time around a building site that needs to expand is that market manipulation (mm)?. If I realize that say wheat prices are going to crash because the weather will be bad in Kansas, and then that means that tractor prices in that area will go down because there's less money and I short tractors and put options on wheat contracts to go way up is that illegal? Probably not, but I guess if you made the weather bad on purpose? Then I could wait for land prices to crash and buy up a bunch of farmland more cheaply, sell it later.

There's the current case of that giant fund trader who controlled a huge percentage of the trading on several stocks and he made the prices go up just because he bought so much (and when prices crashed he lost so much he had a margin call).