GDAX/Coinbase will reimburse those who lost money in ETH crash to $0.10

[Red-Apple]

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

[1714782100]

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[1714782100]

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[1714782100]

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[1714782100]

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[Alttrader203]

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

[Caesar-Giulius]

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.