How James Wynn’s $100M Liquidation Uncovered Crypto’s Darkest Trick
**In the chaotic world of crypto trading, stories of massive wins and crushing losses are nothing new.**
But when James Wynn — a high-profile crypto whale — got liquidated for over \$100 million in a single instant, traders everywhere sat up and took notice.
Not because he lost big.
But because of *how* it happened.
---
### The Setup: A Whale, a Long Position, and a “Normal” Day
James Wynn wasn’t some newbie trader.
He was managing multi-million dollar positions with smart risk controls, solid collateral, and well-calculated exposure.
On this day, he opened a long on a popular altcoin. Market conditions? Calm. No major news. No flash crashes. Everything seemed perfectly normal.
Until it wasn’t.
---
### The Flash Wick That Changed Everything
Suddenly, on one exchange only, the price plunged sharply — just enough to trigger Wynn’s liquidation.
No other exchange showed this dip.
No coordinated sell-off.
No whale dumping.
Just a single, sudden price drop — and \$100 million wiped out in seconds.
---
### The Red Flags
As the community investigated, things got suspicious.
This wasn’t a random glitch.
It looked deliberately engineered.
Bots or insiders had created this fake wick, just enough to trigger stop-losses and liquidations.
And then the price bounced back like nothing happened.
But for Wynn? It was already too late.
---
### The Dark Game: Liquidation Hunting
Here’s the dirty secret:
Centralized exchanges have access to liquidation points.
Market makers — often connected to the exchange — exploit this data.
With shallow liquidity, it takes just a small push to move the market.
They trigger liquidations, buy assets cheap, and pocket the profits — all in seconds.
This is liquidation hunting, and it’s shockingly common.
---
### Wynn’s \$100M Liquidation Was No Accident
When Wynn’s position got liquidated, over \$100 million worth of collateral was force-sold at the bottom.
Who swooped in to buy it?
The very market makers who likely engineered the drop.
They manipulated the price, triggered the wipeout, collected the cheap assets, then rode the rebound.
A perfect heist disguised as a “market move.”
---
$WCT ### The Insider Whistleblower
After Wynn’s loss, an insider spilled the truth:
* Bots run by the exchange scan for clusters of liquidation levels * They coordinate fast price moves to trigger liquidations * Profits flow right back into the platform’s pockets * Retail traders? They get left holding the bag
---
### How to Protect Yourself
If you trade with leverage, beware — you’re swimming with sharks.
Here’s how to avoid being prey:
✅ Use low leverage — Less exposure means less risk ✅ Beware stop-loss orders on thinly traded or manipulated pairs ✅ Spread your trades across multiple exchanges ✅ Watch for suspicious wicks and price anomalies ✅ Remember: if you’re not a market maker, you’re the product
---
### Final Thoughts: A \$100M Wake-Up Call
James Wynn’s massive liquidation wasn’t just a painful loss.
It was a window into the dark underbelly of crypto trading.
Some exchanges aren’t neutral marketplaces — they’re predatory ecosystems built to exploit traders.
Wynn’s story exposed a truth many don’t want to face:
In crypto, your biggest threat may not be the market itself…
It might be the exchange you’re trading on.
---
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Drop a comment or follow for an in-depth breakdown. 👇
Today we celebrate the iconic moment in crypto history when 10,000 BTC bought two pizzas in 2010. What seemed like a simple transaction became the first-ever real-world use of Bitcoin—and the beginning of a financial revolution.
Binance honors this milestone with the global community, reminding us how far crypto has come. From pizza to progress, it's more than just a slice of history—it’s a symbol of innovation and belief in the future of decentralized finance.
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Today we celebrate the iconic moment in crypto history when 10,000 BTC bought two pizzas in 2010. What seemed like a simple transaction became the first-ever real-world use of Bitcoin—and the beginning of a financial revolution.
Binance honors this milestone with the global community, reminding us how far crypto has come. From pizza to progress, it's more than just a slice of history—it’s a symbol of innovation and belief in the future of decentralized finance. #BinancePizzaDay🍕 #Pizzaday2025 #Pizzaday2024 Grab a slice, share your story, and celebrate the journey!
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives ra ther than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm. #US_Inflation_Easing_Alert
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change? #LayerZero#Megadrop Stay tuned. Today’s Bitcoin gains followed three consecutive days of inflows into U.S.-based Bitcoin ETFs, indicating a resurgence of risk appetite following a week-long streak of outflows.
As of June 27, these Bitcoin ETFs had $14.44 billion worth of assets under management, bouncing from the low of $14.383 billion established three days ago. However, at their peak on June 6, these funds were holding $15.68 billion. Today’s Bitcoin gains followed three consecutive days of inflows into U.S.-based Bitcoin ETFs, indicating a resurgence of risk appetite following a week-long streak of outflows.
As of June 27, these ts under management, bouncing from the low of $14.383 billion established three days ago.$BTC $SOL $BTC
The big debate right now among Bitcoin developers is this: How much should the Bitcoin protocol change? All software, Bitcoin included, must evolve over time as users, networks, and use cases evolve. The question is not binary, but a matter of degree.
Bitcoin has always been in a state of change, sometimes more than others. Perhaps the most radical changes occurred in the early years, when Satoshi changed the block size limit and the functionality of the Bitcoin scripting language in major ways. Now that Satoshi is gone, it is up to the core developers to reach a consensus on which changes to adopt moving forward, and this can be a contentious issue.
Home Web3 Community BETA News Crypto Prices NFTs Research Learn More FORBES FORBES DIGITAL ASSETS How Much Should Bitcoin Change? Korok Ray Contributor I’m an economist who studies decentralized networks. Follow
0 Jun 6, 2024,01:38pm EDT Bitcoin - Illustrations of Cryptocurrency LONDON, ENGLAND - MAY 30: In this photo [+] GETTY IMAGES The big debate right now among Bitcoin developers is this: How much should the Bitcoin protocol change? All software, Bitcoin included, must evolve over time as users, networks, and use cases evolve. The question is not binary, but a matter of degree.
Bitcoin has always been in a state of change, sometimes more than others. Perhaps the most radical changes occurred in the early years, when Satoshi changed the block size limit and the functionality of the Bitcoin scripting language in major ways. Now that Satoshi is gone, it is up to the core developers to reach a consensus on whi$BTC $SOL $BNB ch changes to adopt moving forward, and this can be a contentious issue.
Bitcoin is a cryptocurrency, a digital asset that uses cryptography to control its creation and management rather than relying on central authorities.[1] Originally designed as a medium of exchange, Bitcoin is now primarily regarded as a store of value. The history of bitcoin started with its invention and implementation by Satoshi Nakamoto, who integrated many existing ideas from the cryptography community. Over the course of bitcoin's history, it has undergone rapid growth to become a significant store of value both on- and offline. From the mid-2010s, some businesses began accepting bitcoin in addition to traditional currencies.[2]On the 18th of August 2008, the domain name bitcoin.org was registered.[11] Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[12] was posted to a cryptography mailing list.[13] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".[14][15][16] On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.[14][17] Embedded in the genesis block was the text:Jerry Brito; Andrea Castillo (2013). "Bitcoin: A Primer for Policymakers" (PDF). Mercatus Center. George Mason University. Archived from the original (PDF) on 21 September 2013. Retrieved 22 October 2013. A History of Bitcoin. Monetary Economics: International Financial Flows, Financial Crises, Regulation & Supervision eJournal. Social Science Research Network (SSRN). Accessed 8 January 2018.On the 18th of August 2008, the domain name bitcoin.org was registered.[11] Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[12] was posted to a cryptography mailing list.[13] This paper detailed methods of using a peer-to-peer network to generate what was very high value.....$BTC $BNB $ETH
Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the standard, Binance Coin was established with the technologies. The Binance Coin market cap is one of the largest on the market and the largest among the tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.Binance Square is pleased to introduce a new “Share to Win” activity, where verified users may participate in to share over $35,000 worth of rewardsBinance Square is pleased to introduce a new “Share to Win” activity, where verified users may$BTC participate in to share over $35,000 worth of rewardsBinance Square: Share Binance Square Links & Complete Tasks to Unlock Over $35,000 Worth o$BTC f Rewards!To participate in this Activity, verified Binance users may login to their Binance accounts and share any Bi$BNB nance Square link(s) with their friends during the Activity Period.
Post-Consensus 2024 reflections and examining the crypto industry and the implications of the U.S. Presidential election on its future.
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CLAIM HERE Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving fraud schemes.
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The team, created back in 2022, recently had its fifth meeting where it categorized these crimes into two classes. The first involves using different techniques to push victims to transfer anonymized digital assets into the criminals’ wallets. This makes itThe second kind of fraud has to do with investment scam schemes, given the popularity of cryptocurrency as an investment. These crimes involve fooling investors by promoting fraudulent digital asset-based investment schemes.The second kind of fraud has to do with investment scam schemes, given the popularity of cryptocurrency as an investment. These crimes involve fooling investors by promoting fraudulent digital asset-based investment schemes.The second kind of fraud has to do with investment scam schemes, given the popularity of cryptocurrency as an investment. These crimes involve fooling investors by promoting fraudulent digital asset-based investment schemes.The second kind of fraud has to do with investment scam schemes, given the popularity of cryptocurrency as an $ETH $BTC $SOL
Notcoin (NOT)‘s launch was initially scheduled for April 20, the same day as the Bitcoin halving. Last week, the team behind the project announced that the token’s launch would be delayed.
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During the Token 2049 conference that took place in Dubai last week, Open Builders founder Sasha Plotvinov addressed the reasons why the token launch got pushed back. He also offered a new ETA for NOT’s launch on The Open Network (TON).$ETH $SOL $BTC
What Was the Ethereum Shanghai Upgrade? The Ethereum Shanghai hard fork upgrade in March 2023 was designed to give Ethereum cryptocurrency network users access to their staked ether (ETH) funds for the first time since The Merge, the update that transitioned the blockchain to🔥🔥 proof-of-stake in 2022. 1Ethereum Pre-Shanghai History It’s important to understand the history of events at Ethereum before diving into the Shanghai upgrade. This major upgrade was, after all, one of several s💲💲equential updates designed to help developers and the community reach their vision for the network.
Ethereum started with proof-of-work (PoW), where a competition to find a solution to a cryptographic puzzle serves as proof that the work was do💲💲💲ne to validate transactions. Proof-of-stake (PoS), a mechanic where only users with a stake in the process could b🔥🔥ecome validators, 💲💲was always part of the long-term plan.In September 2022, The Merge joined Ethereum’s PoS Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy PoW system. 2
The Merge gave birth to a new version of Ethereum that reduced ener✅️✅️gy consumption by 99.95% and set the groundwork for the team to further scale the e📥📥cosystem. 3 $BTC $ETH $USDC
✅️✅️🔥Kabosu, the Shiba Inu dog and the face of the legendary Doge meme and the Dogecoin memecoin Kabosu’s owner, Atsuko Sato, announced the news on her official blog, ex🔥🔥pressing her deep gratitude for the love and support shown to Kabosu over the years.
Sato further said there would be a farewell party on May 26 at Flower Kaori in Kotsu no Mori, Narita City, Japan.🔥🔥$ETH $BTC $SOL
"I think Kabo-chan was the happiest dog in the world. And I was the happiest owner," Sato wrote.Kabosu became famous as the Doge meme, which led to th💲💲e creation of the cryptocurrency Dogecoin. Dogecoin's success also led to other dog-themed tokens like Shiba Inu (SHIB) and Floki (FLOKI), a major sector in the cryptocurrency industry.
✅️✅️What Is the Binance Exchange? The Binance Exchange is a leading cryptocurrency exchange founded in 2017. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 350 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB. 1$BNB
✅️Binance is an online exchange where users can trade cryptocurrencies. It supports hundreds of the most commonly traded cryptocurrencies.$BTC ✅️Binance provides a crypto wallet for traders to store their electronic funds. ✅️The exchange has supporting services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and helps traders make investment decisions. ✅️Binance has its own blockchain-based token, BNB. ✅️Binance has a global presence but is limited in some countries like the U.S. and U.K. due to regulations.$ETH
✅️✅️History of Binance Exchange Binance was created in 2017 by Changpeng Zhao, a well-known entrepreneur, investor, and software engineer. He started the exchange in July, and within six months, the exchange grew to become one of the largest crypto exchanges in the world.
4 Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs—the Binance exchange has some of the lowest cryptocurrency transaction fees. It has high liquidity and offers discounts to users who pay in BNB—the exchange's native cryptocurrency token.
With high standards of safety and security and multi-tier and multi-clustered architecture, Binance delivers high processing throughput.
✅️✅️A Red Packet on Binance is a delightful feature within Binance Pay that allows you to send fun crypto gifts to your friends. Here’s how it works:
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