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Author Topic: GDAX/Coinbase will reimburse those who lost money in ETH crash to $0.10  (Read 334 times)
Red-Apple
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June 24, 2017, 02:54:05 PM
 #1

a couple of days ago there was a flash crash in ETH-USD market on GDAX which caused about 800 stop loss and margin funding liquidations and led to ETH go down to and stay at $0.10 for some time.

if you are one of those who have been affected by this, good news is that GDAX is going to establish a process to credit your account the amount you lost.

read more about it on their blog: https://blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6

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June 24, 2017, 03:30:34 PM
 #2

I have a good idea:

We gather 30m eur on coinbase, buy ltc with it. Keep 10000euro on buy orders@ 0.01 euro

Dump the whole ltc in 1 second on order book.
(So we end up with ~20m cash and 1 million ltc
Then coinbase credits us 10m because some stopliss we had triggered

So we have our 30m back
+ we have 1m litecoins

Money doubled Smiley
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June 24, 2017, 05:19:09 PM
 #3

a couple of days ago there was a flash crash in ETH-USD market on GDAX which caused about 800 stop loss and margin funding liquidations and led to ETH go down to and stay at $0.10 for some time.

if you are one of those who have been affected by this, good news is that GDAX is going to establish a process to credit your account the amount you lost.

read more about it on their blog: https://blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6

Thank you for sharing, I am not one of them but it is good to hear that the exchange is willing to reimburse the lost.


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