Poloniex Will Reimburse $13.5 Million Loss From Clams Flash Crash

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Poloniex announces scheme to reimburse margin lenders losses caused by Clams flash crash in May. Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered.Payments will begin later in August and the first credit will include all trading fees incurred since the generalized losses were first recognized on June 6, 2019.Margin trading multiplies effects of flash crashPoloniex has…
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Poloniex Will Reimburse .5 Million Loss From Clams Flash Crash

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