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KOL Leak: Alleged ATH Executive Collusion with Investor to Short with Leverage against the Founder's Buy Wall, executing a large short position and spot market sell-off for profit
BlockBeats News, October 23, according to Crypto Fearless, recently received insider information about the recent sharp drop from ATH from multiple sources, with a total of 2 versions:
Version One: After the founder pumped the price and then dumped to initiate a short position. They spread insider information about an upcoming pump through investors, partners, and industry professionals around them to sell at a high.
Version Two: An internal executive at ATH, dissatisfied with the unequal distribution of funds by the founder, secretly collaborated with VC investors to short the market, becoming the counterparty to the founder's pump and dump funds.
It is said that the internal executive, the boss, and other colleagues held a meeting together, fully aware of and involved in all positive developments, such as the $350 million DAT financing. During the pump to the peak, they placed a massive short order, coordinated with spot selling of chips, and ultimately harvested the community in the sharp drop. In addition, the team also used well-known whistleblower bloggers such as Coinpedia to disclose company-level details and many positive actions during daily meetings, creating a short sentiment through blogger exposure.
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