Humpy the Whale Cost FTX, Alameda $1 Billion in Losses, Lawsuit Alleges
Compound DAO governance exploiter Humpy the Whale was among the targets of lawsuits brought by FTX’s estate last week.In 2021 and 2022 he allegedly bought massive amounts of illiquid tokens, pumping the price, and then used them to take out loans on the crypto exchange that were not repaid.His actions, which exploited a flaw in FTX's margin trading rules, led to $1 billion of losses for the exchange and Alameda Research, according to the lawsuit.02:38'High Likelihood' Cardano Founder Charles Hos...
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