A Chinese CEX last week liquidated me illegally. I have evidence that they frontrun their user's trades, act as sole counterparty to orderflow on their exchange and their internal traders hunt liquidation prices. There's also evidence of them pulling other shady shit like: - increasing liquidation/bankruptcy price instantaneously and rapidly bankrupting 7+ figure accounts - changing existing/placed orders from guaranteed SL or limit sells to market sells to "justify" instantaneously increase liquidation prices + cause price cascades It's a relatively smaller exchange and these scammers are not entertaining my evidence submitted to them. They also completely run away from these allegations. Suing almost never works with unregulated CEXs; they operate under various shell structures. HYPERLIQUID

A Chinese CEX last week liquidated me illegally. I have evidence that they frontrun their user's trades, act as sole counterparty to orderflow on their exchange and their internal traders hunt liquidation prices. There's also evidence of them pulling other shady shit like: - increasing liquidation/bankruptcy price instantaneously and rapidly bankrupting 7+ figure accounts - changing existing/placed orders from guaranteed SL or limit sells to market sells to "justify" instantaneously increase liquidation prices + cause price cascades It's a relatively smaller exchange and these scammers are not entertaining my evidence submitted to them. They also completely run away from these allegations. Suing almost never works with unregulated CEXs; they operate under various shell structures. HYPERLIQUID

StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation Equity markets will now have direct access and exposure to the most important emerging trend in all of finance: The growth of digital dollars and stablecoins. To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation. Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders. The planned deployment schedule is approximately $5m daily from today over the course of the next 6 weeks. At current prices $260m represents roughly 8% of circulating supply. Importantly, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Ideally, tokens will never be sold with a sole focus on accumulation. To the extent StableCoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA. StableCoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StableCoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.