Market news: An Aethir executive, together with investor-backed VC leveraged funds, is shorting, acting as a counterparty to the founder’s fundraising and price-pumping efforts, dumping tokens to harvest profits from the community.

ChainCatcher news, according to crypto KOL Crypto Fearless revealed about the ATH crash event, there are two versions of the cause:

1. The first version is that the Aethir founder hyped up the price himself, then dumped and opened short positions.
2. The other version is that an internal executive at Aethir, dissatisfied with the founder's unfair profit distribution, teamed up with investor VCs to short the token using leveraged funds, acting as the counterparty to the founder's fundraising and price-pumping capital. This executive attended daily meetings with the boss and other colleagues, fully grasping and participating in all positive news cycles, and during the pump to the peak, placed massive short orders and coordinated with spot token sell-offs, ultimately causing a sharp crash and harvesting the community. In addition, the team also used well-known whistleblower bloggers such as Crypto Encyclopedia to leak daily meeting-level details and many positive actions, leveraging blogger exposure to create bearish public sentiment.

No matter which version is the real cause of the ATH crash, the community suffered heavy losses.