Defillama Founder Explains Strategy Lawsuit, Emphasizes Risks of Bitcoin Leverage

The founder of Defillama, 0xngmi, has commented on the ongoing lawsuit against strategy, stating that it appears to be based on complaints regarding the company’s potential underestimation of losses during Bitcoin’s downturn. In his statement, 0xngmi emphasized that investing in a platform offering ‘Bitcoin leverage’ should come with understanding of the inherent volatility and the risks associated with such investments. He noted that the market fluctuations during Bitcoin’s decline are evident and would be expected by any investor.