Part 5/7:
As investigations unfolded, it became increasingly clear that the crash was a culmination of numerous factors, including external liquidations executed by unknown large players. The CEO noted that large positions from unidentified wallets were leveraged on exchanges, ultimately contributing to the catastrophic drop in prices. Mullen maintained that the team was not aware of any impending liquidation before the incident, leaving many questions about risk management and market dynamics unaddressed.