Timeline
Post
Remote status
Context
3this guy is saying it wasn't slippage
@sun so it wasn't slippage, it was just that the user swapped $50 million worth of assets on his phone without checking what he'd get
@lain moron phone user
Replies
1
@sun @lain A market order without a set limit is a fire sale. If it's big enough it will clear the market and buy/sell at a far different price than the "market price" before the order went through. This is true in both the stock market and crypto. Anyone doing million dollar transactions should understand this.