UPDATE THE SYSTEM, THEY SAID

It’s 2029.

All US stocks are tokenized, with KYC only at on/off ramp, trading freely on offshore CEXes and DEXes.

Late Friday night US time, a video of a Mag 7 CEO in a salacious, scandalous act surfaces and spreads rapidly.

Dozens of influential accounts promote analyses of the video claiming it’s real.

The stock tanks on thin volume on multiple offshore venues, with cascading liquidations across RWAs and crypto, causing $100 billion of liquidations as thousands of cross-margined trader accounts go to zero.

Prediction markets explode with activity in heretofore thinly traded prop bets, as insiders cash in on the turmoil.

There’s still no signal in the noise as Asia opens late Sunday US time, and huge selloffs ensue on the Nikkei and Hang Seng. Europe is no better, as global stocks plunge by 8% before New York even opens. Bitcoin and Gold are down 15% and shitcoins are down 38%.

Minutes before US markets open, proof that the video was a high quality AI fake hits X and mainstream media sites.

Rekt traders complain, but they have no recourse. Regulators do nothing in the ensuing months, as it’s already the fourth centi-billion liquidation event of the year and they don’t have enough staff to start investigating the first incident.

The insiders who caused the collapse get away with it, with profits in the billions.

Exchange CEOs appear on crypto podcasts to tell traders it was their own fault for using the exchanges, and they deserved to lose all their money if they didn’t understand the game they were playing.

Update the system, they said.

Originally posted on X, October 29, 2025: https://x.com/CorySwan/status/1983371765595423159?s=20