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/biz/ - Business & Finance

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57151548 No.57151548 [Reply] [Original]

Guys a few exchanges including ByBit just fucked up the USDPLN EUROPLN exchange rate because of some inacurate exchange data.

My friend just earned 4k USD by converting PLN into USD on Binance, sending that to ByBit, then converting that to PLN.

3.9 USDPLN vs 5.1 USDPLN arbitrage.

About 30% profit per transaciton.
Unfortunetely they turned that off, but I guess at least a few whales must have learned of this and their losses will be in millions. Do you know any other exchanges who fucked up and what their exposure is?
I learned of some token called BitDAO but I have no clue how to short it. Please help.

>> No.57151792

Intredasting, I'll bump but I have nothing to add

>> No.57151858

>>57151792
Thanks for the bump, I still haven't found clear exposure and I don't see a way to short BitDAO.

>> No.57151984

>>57151548
you don't actually hold PLN when you convert. its just a number in a database.lmao. your "friend" wont be allowed to cheat the exchange and take that money from them you fool

>> No.57151992

>>57151984
Lol keep coping.

>> No.57152160

>>57151992
no you are coping. and you will lose all your money trying to "exploit" this lil error. bybit will keep all your funds and ban your acc.