Former market maker for ftx here.
I made predatory algos for them, they activity front run all traders their system considers profitable whilst taking the other side or non profitable traders (you), they spoof orders (twitter guy did a huge thread on this).
Lets say i know a project founder in Minecraft who was about to post some hyper bullish news about his project but let me know 10s before so i could long. I was confirmed the only one one who knew, i was next to the founder irl. I got front ran by ftx, there were no trades 30 minutes before the news was scheduled, yet somehow someone beat me to it?
Anons, I'm sorry for making these predatory bots, i might have indirectly made you lose money but the best thing for you to do is to simply not use these CEXs, they only exist to take your money, they ruin crypto. If you havent realised, youre gambling your future away and you know im right.
If you want a better life, if you want better portfolio growth, if you want to not get rekt, avoid centralised exchanges, defi is larger, theres more liquidity and more trading pairs. In every way defi kills the cex snake.
Vitalik provided a playground for everyone, even the degenerates, he might be an aaayyy but he doesnt hold your coins hostage or demands selfies. Do you really trust SBF knowing that this seedy eyed h3h3 phenotype jew is ACTIVELY trying to bankrupt you?
Please take this seriously, it might stop you from ruining your life or it might help you unfuck your situation.
Inb4 ftx shills berate me.