Beware of robber banks (RB), bad advisors.
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Kraken bug apparently let users buy Bitcoin for $8,000 and instantly sell it for $12,000
Cryptocurrency exchange Kraken – one of the world’s oldest – has disclosed a bug that apparently allowed certain customers to purchase Bitcoin at $8,000 and sell it for $12,000. Taking to Twitter, the exchange said “a test of an unreleased advanced order type encountered a bug, which resulted in the order’s prices being matched against the wrong side of the book.” The exchange explained that as a result of the bug, orders had been executed on either side of the $8,000-$12,000 spread, without actually clearing the intervening liquidity. Despite this, Kraken says stop orders were triggered and correctly ... (full story)