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RE: I've been calling out the BS All Day.... Ethereum Flash Crash

in #ethereum8 years ago

It wasn't a hacker. The ETH that was dumped originated from the Genesis block. Based on the crude execution of trade it was probably an ICO holder that either a) needed fast liquidity, b) recently found their ICO holdings and subsequently dumped them, not caring about their effect on the market, or c) there was a massive ICO whale looking for a good time.