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Another $100M Blowup: James Wynn’s Leverage Disaster Plays Out Like a Broken Record
Another $100M Blowup: James Wynn’s Leverage Disaster Plays Out Like a Broken Record
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Another day, another nine-figure crypto implosion—James Wynn just joined the hall of fame for leverage-induced faceplants. Here’s how the dominoes fell.
### The Playbook: Borrow, Bet, Bust
Wynn’s saga reads like a copy-paste of every leverage horror story: overcollateralized loans, aggressive bets, and a market that refused to cooperate. Sound familiar? *Cough* Three Arrows *cough*.
### Liquidation Engine at Full Throttle
When prices tanked, margin calls hit like a sledgehammer. $100M evaporated faster than a meme coin’s utility. Exchanges? They got their cut—liquidators always do.
### The Cynical Kick
Wall Street’s old boys would’ve slapped a ‘risk management’ label on this and called it innovation. In crypto? We just call it Tuesday.
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