> *it's recursive leveraging using multiple different market makers that are giv... | Hacker News

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JumpCrisscross on Feb 16, 2024 | parent | context | favorite | on: Two Ethereum DeFi traders just made $120M using a ...

> it's recursive leveraging using multiple different market makers that are giving you further leveraged bets on already leveraged assets

This is approximately what Bill Hwang was indicted for doing [1].

[1] https://www.wsj.com/articles/archegos-founder-and-cfo-charge...

throwawaymaths on Feb 16, 2024 [–]

You don't suppose he got in trouble with the law because he was doing it with other people's money (and not telling them that's what he was doing)?

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