A large transaction was reported by Bitstamp earlier today, which the exchange said its system was able to contain. Things may be a bit bigger than they expected though, as $250 million was reportedly liquidated on BitMex. Bitstamp has, therefore, launched an investigation into the matter.
According to a report by The Block, the transaction led to the liquidity of $250 million on BitMex and prices have crashed on other exchanges as well. Although Bitstamp did not reveal details of the transaction, a Russian crypto news outlet Forklog reported that part
This post is an exerpt of an original post published on ZYCrypto. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.