Cryptomonnaies

How the ‘Big Short DAO’ Bet Against the Crypto Market and Won

The pseudonymous crypto trader @GiganticRebirth was feeling bearish at the market top last November. Here’s how his team of alpha hunters say they made money shorting altcoins in the ensuing sell-off.

In late November, a pseudonymous crypto trader behind the Twitter handle @GiganticRebirth issued a warning to his legion of over 85,000 followers. “High confidence interval that we’re very late in the cycle [and that cycles still exist],” he wrote. “Secure your freedom if you’ve won it.”

@GiganticRebirth, who also goes by GCR (an acronym for Gigantic-Cassocked-Rebirth), said he was feeling increasingly bearish about the cryptocurrency market, which had just enjoyed a 20-month-long bull run that showed no signs of stopping.

As others shilled predictions of “a new crypto supercycle” or “bitcoin to $100K,” GCR was planning a different, contrarian trade: a big short, or a major bet against overvalued altcoins that would generate massive profits if his bearish views played out.

To pull off the trade, he says he assembled a smattering of part-time crypto researchers, ranging from a professional poker champion to a medical student. They shared their findings with each other in a Discord channel and traded on their own.

GCR says he shorted nearly 30 different tokens across multiple exchanges at the height of crypto fervor last November. In January, he tweeted out a screenshot of a trading dashboard from the FTX crypto exchange, purportedly showing big profits from the gambit.

Read more

Mots-clés : cybersécurité, sécurité informatique, protection des données, menaces cybernétiques, veille cyber, analyse de vulnérabilités, sécurité des réseaux, cyberattaques, conformité RGPD, NIS2, DORA, PCIDSS, DEVSECOPS, eSANTE, intelligence artificielle, IA en cybersécurité, apprentissage automatique, deep learning, algorithmes de sécurité, détection des anomalies, systèmes intelligents, automatisation de la sécurité, IA pour la prévention des cyberattaques.

Veille-cyber

Share
Published by
Veille-cyber

Recent Posts

Bots et IA biaisées : menaces pour la cybersécurité

Bots et IA biaisées : une menace silencieuse pour la cybersécurité des entreprises Introduction Les…

2 semaines ago

Cloudflare en Panne

Cloudflare en Panne : Causes Officielles, Impacts et Risques pour les Entreprises  Le 5 décembre…

2 semaines ago

Alerte sur le Malware Brickstorm : Une Menace pour les Infrastructures Critiques

Introduction La cybersécurité est aujourd’hui une priorité mondiale. Récemment, la CISA (Cybersecurity and Infrastructure Security…

2 semaines ago

Cloud Computing : État de la menace et stratégies de protection

  La transformation numérique face aux nouvelles menaces Le cloud computing s’impose aujourd’hui comme un…

2 semaines ago

Attaque DDoS record : Cloudflare face au botnet Aisuru – Une analyse de l’évolution des cybermenaces

Les attaques par déni de service distribué (DDoS) continuent d'évoluer en sophistication et en ampleur,…

2 semaines ago

Poèmes Pirates : La Nouvelle Arme Contre Votre IA

Face à l'adoption croissante des technologies d'IA dans les PME, une nouvelle menace cybersécuritaire émerge…

2 semaines ago

This website uses cookies.