From Cointelegraph

June 5, 2025 2:25 am:

Crypto trader James Wynn loses $25 million in Bitcoin due to leverage bets. Still holds 770 Bitcoin worth $80.5 million. Sitting on $1 million unrealized loss. Alleges market manipulation. Requesting donations to expose manipulation. Had made $1.25 billion bet with 40x leverage. Closed long position and opened $110 million short position.

Binance co-founder proposes dark pool DEX after Wynn’s liquidation. Dark pools offer liquidity and anonymity to institutional investors. Lack of transparency can lead to conflicts of interest. DEXs face issues like front-running and slippages. Dark pools have existed in traditional finance for decades. Transparency in DEXs can combat market manipulation.

Read more at Cointelegraph: Crypto leverage trader James Wynn loses $25M on Bitcoin bet