The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences
Mango — So here's a trade. — You open two accounts on a commodity futures exchange, Account A and Account B. Tweets: @pt , @matt_levine , @mrauchs , @martincschmalz , @aservais1 , @michaelbkelley , @sarthakgh , and @business Tweets: Parker / @pt : DeFi is as much about being distributed as web3 is about the http protocol. The key property providing relevance to traders is anonymity, and so for clarity I will personally only refer to non-KYC crypto exchanges as AnonFi. https://www.bloomberg.com/... https://twitter.com/... Matt Levine / @matt_levine : This newsletter's mess is entirely of my own making. https://www.bloomberg.com/... Michel Rauchs / @mrauchs : A succinct description by @matt_levine of the rampant hypocrisy in large parts of the #crypto ecosystem. (Bloomberg's Money Stuff: 3 Jan 2023) https://twitter.com/... Martin Schmalz / @martincschmalz : “If index funds are bad, or at least a mixed bag, for investors, and they are bad for competition, then maybe that's worth doing something about.” https://twitter.com/... Alain Servais / @aservais1 : 'Ehh it's on the blockchain, decentralized finance, no laws apply' may not be quite right. “One imperfect but useful way to think about crypto,” I wrote, “is that it allowed for the creation of a toy financial system.” By @matt_levine https://www.bloomberg.com/... via @opinion Michael B. Kelley / @michaelbkelley : 'If you find a cool button to press to “make numba go up,” doesn't it seem like you could press it? Like it would just be fun and consequence-free? And yet the people who did that keep ending up in real jail.' https://www.bloomberg.com/... via @matt_levine Sar Haribhakti / @sarthakgh : “When your musician husband gets back to making music instead of watching YouTube videos about options day-trading, that's good for you and the world, even if it is bad for your bank account and the options market.” https://www.bloomberg.com/... https://twitter.com/... @business : 'Ehh it's on the blockchain, decentralized finance, no laws apply' may not be quite right. https://www.bloomberg.com/... via @opinion