Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Mln Liquidated on BitMEX

Major crypto exchange Bitstamp has launched an investigation after a large bitcoin (BTC) sell order heavily impacted its order book, as the firm announced in a tweet on May 17.
Bitstamp reported an execution of a large sell order in BTC to United States dollars (USD) on its platform today, as the exchange wrote earlier today.
While the company has not specified the details of the transaction, the price of bitcoin had plummeted about 20% from around $7,800 to as low as $6,250 in less than 30 minutes earlier on the day,

This post is an exerpt of an original post published on Bitcoinchannel. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.