These corrupt crypto exchanges actually assume their users are completely clueless. On-chain data showed Bithumb was dumping BTC on the market, yet they concocted a fake story claiming it wasn’t them and that they had accidentally sent 2,000 BTC, worth about $133 million, to a single user who then supposedly sold it all, causing the crash. The result? Bitcoin instantly flash‑crashed, wiping out leveraged positions across the market. Over 700,000 investors were instantly liquidated, with billions of dollars in total forced closures as prices plunged during the cascade. Classic deflection, blaming others for their own fraud, price manipulation, and liquidation hunting. The sad part is they will probably get away with it, since the majority of investors blindly believe them every time.(Jacob King)