Someone noticed the Axie Infinity hack 6 days ago

#1

Post by yblu » Tue, Mar 29, 2022, 7:03 PM UTC

Someone noticed the Axie Infinity hack 6 days ago
twitter.com

Re: Someone noticed the Axie Infinity hack 6 days ago

#2

Post by politelemon » Tue, Mar 29, 2022, 7:19 PM UTC

Please translate for me. What did they do?

> so I shorted AXS with high leverage

> Within 24 hours I was liquidated because nobody else noticed the hack for 6 days and the price pumped instead

Re: Someone noticed the Axie Infinity hack 6 days ago

#3

Post by yblu » Tue, Mar 29, 2022, 7:45 PM UTC

politelemon wrote: post #2

Please translate for me. What did they do? > so I shorted AXS with high leverage > Within 24 hours I was liquidated because nobody else noticed the hack for 6 days and the price pumped instead

They lost their money on the short position because the price went up, instead of going down. Had other people noticed about the hack as early as they had assumed and the price went down as they had assumed, they would have made a lot of money.

Re: Someone noticed the Axie Infinity hack 6 days ago

#4

Post by bluehorseray » Tue, Mar 29, 2022, 8:07 PM UTC

It's a funny tweet but I'm pretty sure this is satire. Not a huge crypto guy but I used to follow Cobie on twitter and while he is a big crypto proponent, he makes jokes like this to poke fun at the ecosystem a lot.