Crypto Trader James Wynn Faces Liquidation Risk Amid Controversy

James Wynn's liquidation highlights the volatility of leveraged trading as he claims market manipulation while seeking community support to cover losses.

BTC

Summary

James Wynn was liquidated for nearly $25 million in Bitcoin after betting on a price rise. Despite the liquidation of 240 Bitcoin, he still holds 770 Bitcoin worth approximately $80.5 million. Following this event, Wynn alleged market manipulation and has raised about $60,000 in donations to support his trading activities.

Terms & Concepts
  • Liquidation: The process of selling off assets to cover losses or debts, often triggered when a trader's position falls below a required margin.