2019-6-7 21:20 |
By CCN: U. S. -based cryptocurrency exchange Poloniex has revealed that its lenders lost $13. 5 million in a sudden CLAM price crash. To cover its losses, the exchange slashed the principal of active BTC loans by approximately 16%.
Now outraged Poloniex users are calling the move a “theft” and considering launching a lawsuit against the exchange. An Eye-Popping 1,800 BTC Lost in Two Hours On May 26, CLAM’s price fell from $20. 30 to $6. 10 in a two-hour flash crash. The sudden price crash caused a number of margin loans to default on Poloniex. As a result, Poloniex margin lenders lost 1,800 BTC
The post Poloniex Users Threaten to Sue After Losing $13. 5M in CLAM Flash Crash appeared first on CCN
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