BitMEX investigates possible misconduct in unusual trading, leading to a Bitcoin flash crash against Tether's USDT.
Crypto exchange BitMEX is investigating unusual trading activity, including possible misconduct, that led to a flash crash in Bitcoin on its platform, causing the price of Bitcoin against Tether's USDT stablecoin to fall to $8,900. The exchange's systems operated normally, and user funds remained secure. BitMEX found evidence of "aggressive selling behavior involving a very small number of accounts."
March 19, 2024
10 Articles