I agree with most of this and would add that the article could be organic and th... | Hacker News

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		huac on Jan 17, 2022 \| parent \| context \| favorite \| on: An anatomy of Bitcoin price manipulation I agree with most of this and would add that the article could be organic and the subsequent trading opportunistic (rather than being tied together). I am somewhat surprised that bots react to news within 5ms -- your execution delay on crypto exchanges is quite a bit longer than that, since the exchanges are generally hosted in public clouds and you are subject to network latency to get in there. Even within the same cloud and even within the same k8s cluster, you should expect 2-4ms for an inter-pod hop. That being said, maybe there is a hedge fund literally in the same k8s cluster as FTX...

mthoms on Jan 17, 2022 [–]

Well, Alameda and FTX were founded by the same person. Up until very recently Sam was CEO of both companies at once.

https://en.wikipedia.org/wiki/Sam_Bankman-Fried

Edit: I suspect Alameda uses data from FTX but might not trade there: as per the article, the manipulation needs thin order books to work.

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