What happened at Asia Nexgen?

[theta]

It's now top of the list at bitcoincharts.com/markets after 1.5m BTC in transactions for the last 24h and last price is 140HKD (that's less than $20). Bid and offer is around 5000HKD though so it seems someone dumped a HUGE amount and then the exchange halted? Any more colour there?

[Tzupy]

Holy shit! 53% of market share overnight! And at 20$ / bitcoin ? 
Those coins sold so low will be transferred and dumped onto western exchanges. I'm not buying back anytime soon.

[Bitbuy]

Holy shit! 53% of market share overnight! And at 20$ / bitcoin ? 
Those coins sold so low will be transferred and dumped onto western exchanges. I'm not buying back anytime soon.

Arbitrage all the way...now is indeed not the time to buy back (yet)

[theta]

apparently the USD version of the exchange traded as low as $0.01 ?!?
And 800k BTC total traded?

[licutis]

They started doge coin trading today, those trades are showing up in their BTC ticker. I haven't checked their API to see if its their fault or some market data providers using out of date API.

[Gabi]

Same question, why Asia Nexgen suddenly appeared from nowhere?

[Kenshin]

Same question, why Asia Nexgen suddenly appeared from nowhere?

They didn't suddenly appeared from nowhere https://bitcointalk.org/index.php?topic=262091.0