Express

Poloniex Loses Millions In Flash Crash

Ramsey Baker

Summary: Margin lenders on Poloniex the cryptocurrency exchange platform lost a staggering $13.5 million on Thursday, according to Cointelegraph. Poloniex experienced a flash crash in the CLAM market, this crash was caused by the lack of liquidity in the CLAM market. The crash caused the reduction of all Bitcoin loans by 16%, Poloniex has since frozen ...

Margin lenders on Poloniex the cryptocurrency exchange platform lost a staggering $13.5 million on Thursday, according to Cointelegraph. Poloniex experienced a flash crash in the CLAM market, this crash was caused by the lack of liquidity in the CLAM market. The crash caused the reduction of all Bitcoin loans by 16%, Poloniex has since frozen all of the defaulted accounts until the loans are repayed.

Author: Ramsey Baker

Last Update:

Tags: ,,
Link: Poloniex Loses Millions In Flash Crash   [Copy]
Next:

Related Articles

  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 5 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 9 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 28 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 29 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025

    • You need to login to comment.