Margin lenders on Poloniex lost $13.5 million due to flash crash

Margin lenders on Poloniex lost $13.5 million due to flash crash

Margin lenders on cryptocurrency exchange Poloniex have lost around $13.5 million due to a flash crash. Poloniex revealed that on May 26 a severe price crash in the clams (CLAM) market led to margin loans losses amounting to roughly 1,800 bitcoin (BTC), or approximately $13.5 million at the time. The incident affected 0.4 per cent of all users.

Simone
Simone
maxcat
maxcat 8 months

Ok

Top in Crypto
Get the App