Liquidation

Compound Founder claims ‘adverse market conditions’ caused DAI liquidation

Thanksgiving was an eventful day in terms of the overall market movement, as Bitcoin dropped to $16k levels, witnessing its largest single-day drop since March 12, 2020. Over $1.3 billion was liquidated from exchanges, however, amidst this selloff, DeFi saw its own share of liquidation as DAI prices on Coinbase Pro escalated rapidly, leading to...
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Bitcoin Sees Big Stop Run With Spikes to $7,450, Liquidating Shorts

Crypto markets are depreciating for another day as Bitcoin fails to gain any traction. Volatility appears to be returning as a big spike triggered a lot of liquidation a few hours ago. The overall picture is still very bearish though.BitMEX Bitcoin Manipulation CallsThe slow grind down has continued this week but some spurious action on...
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Cryptopia Liquidation: Hacked Bitcoin Exchange Didn’t Use Individual Customer Wallets

Grant Thornton, the liquidators of hacked New Zealand Bitcoin exchange Cryptopia, have released an update on the progress made thus far. Cryptopia Used Co-mingled Crypto Wallets According to a statement released on its website on Wednesday (August 21, 2019), Cryptopia didn’t use individual crypto wallets. Instead, the Bitcoin exchange platform pooled customer funds into co-mingled...
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