Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds
From coindesk.com
Poloniex is now crediting trading fees to lenders who lost funds in a May market crash involving the obscure cryptocurrency ClAMS. According to an official blog posting, Circle’s Poloniex exchange will cover lost funds by covering trading fees back through June 6. Poloinex’s Clam margin trading market experience a flash-crash on May 26. A 2014 airdropped token credited to holders of bitcoin, litecoin and dogecoin, Poloniex allowed margin trading on the coin till a flash crash wiped out 1,800 bitcoins worth $13.5 million at the time. The drop crashed Clam’s price 77 percent in just 45 minutes. Poloniex socialized the ...
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