The pump and dump wasnt where the exploit happened.
The exploit happened due to a faulty platform mechanic. The 5 minute price average burn mechanism. It takes a few seconds to move that GLX into the dapp. There are no pools to worry about and extremely low liquidity.
Who dumped then after? To hold a price for 5 minutes is long.
Also, from what I've read in the chat, it was told to the team that they will do it, so a lot of people have been aware of it.
The only major impact is the pack dilution. I know, trust is an issue, but an investor with a big pocket, could do the same also on the 24 hour price average, if he has enough funds and gets slowly that token under different accounts, to stay off radar.
It really wouldnt. Hive has no burn mechanism like that. The actual question is what would have happened if they had more funds on hand
I mean that any market can be manipulated, and every currency can be pumped or dumped, depending on the funds. Best case, Soros vs. the British Pound.
I know oli, he is like this, sees the opportunity and grabs it. I know lostintime and he has funds, but was not aware of the emotional impact it could cause.
Like said before, I don't defend them, and also don't praise the dealing. I see it as a high risk betting investment on an unfinished product, especially as they've announced it before.
RE: ⚠️A few Hive and GLS community members colluded to steal more than 250k USD // Biggest theft since Justin// The GLS exploit explored