Leveraged Bitcoin Holders get liquidated in SEC BItcoin ETF Approval Hack
- I read with great sadness the articles about the SEC Twitter or X account hack, and the absence of 2FA protection. It is unfortunate.
- I feel sad for the investors who lost all their money in the volatility of price which occurred.
- Yet with Bitcoin up 180% on the year, was the leverage really necessary or wise?
- We holders of BItcoin are making great gains just holding it 1:1, but others have decided to leverage thir owned BItcoin to buy more Bitcoin, but that creates a vulnerability where you could lose all your Bitcoin..and thats what happened to investors to the tune of 18 million dollars in one day.
But you know greed is it's own reward.