this post was submitted on 09 Jul 2023
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Pray for Spiro (lemmy.ca)
submitted 1 year ago by OttoVonNoob@lemmy.ca to c/memes@lemmy.ml
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[โ€“] snowbell@beehaw.org 10 points 1 year ago (1 children)

Is this a real thing?

[โ€“] Kushia@lemmy.ml 13 points 1 year ago* (last edited 1 year ago)

Taking out loans via defi scripts and getting automatically liquidated is definitely a thing yes. Sometimes, they even get liquidated by bugs in said scripts. Remember though, it's all crypto funny money involved usually with people who got in before it got manipulated to hell.