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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poloniex crash clam price lost exchange users

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Источник: ccn.com

Price Crash on Poloniex Causes 1800 BTC Margin Loss

A sudden crash in the Poloniex margin lending market for CLAM has resulted in the loss of 1800 BTC worth of loan principal. Lenders will see the extent of their loss when they log in, borrowers who have defaulted will have their accounts frozen until they can repay their sustained default.

Poloniex Announces BTC Margin Lending Pool Resulted in $13.8 Million in Losses

In a recent Medium post, crypto exchange, Poloniex shared a loss incurred in their BTC Margin Lending pool – one amounting to 1800 BTC or $13.8 Million (as per current conversions). The team has since found the source and shared the following: On May 26, a sudden, severe price crash in the CLAM market caused […]

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Poloniex Users Threaten to Sue After Losing $13.5M in CLAM Flash Crash

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