Yili Hua borrowed a huge amount to go long when Ethereum was over $3,000. Now that the price has plummeted, he has actually lost more than $600 million. His collateral on the lending platform is fully transparent, and everyone can see that if the price drops below $1,862, his hundreds of thousands of ETH will be forcibly sold off in batches by the system to repay the debt.
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Yili Hua borrowed a huge amount to go long when Ethereum was over $3,000. Now that the price has plummeted, he has actually lost more than $600 million. His collateral on the lending platform is fully transparent, and everyone can see that if the price drops below $1,862, his hundreds of thousands of ETH will be forcibly sold off in batches by the system to repay the debt.