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A comment on Two Ethereum DeFi traders just made $120M using a strategy called 'looping'. Parent comment

Re:Two Ethereum DeFi traders just made $120M using a strateg... by JumpCrisscross on Thursday February 15, 2024 @08:53PM (#39392112)
> it's recursive leveraging using multiple different market makers that are giving you further leveraged bets on already leveraged assets

This is approximately what Bill Hwang was indicted for doing [1].

[1] https://www.wsj.com/articles/archegos-founder-and-cfo-charge...

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Re:Two Ethereum DeFi traders just made $120M using a strateg... by throwawaymaths on Thursday February 15, 2024 @09:23PM (#39392345)
You don't suppose he got in trouble with the law because he was doing it with other people's money (and not telling them that's what he was doing)?
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