Hacker News Reader

Oh interesting, so it's all bot trading? Any reason this wouldn't apply to the NYSE or NASDAQ as well?

NYSE and NASDAQ are regulated exchanges with stable transaction prices (ie- regulatory taxes and fees). Unscrupulous crypto exchanges can generate "volume" out of thin air without any repercussions.

Oh so you mean it's not bot trading, it's actually exchanges lying about volume and transactions?

I could see this. Somewhere else it was pointed out during this "crash" that it was all off-chain, blocks and mempool were relatively empty, so the crash was on exchanges.

it does

Reply on news.ycombinator.com