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According to Bloomberg, the cryptocurrency trading platform BitMEX is investigating unusual trading activity that caused Bitcoin to flash crash on its platform this morning. Around 06:30 Beijing time on March 19th, the BTC/USDT price on BitMEX dropped to a low of $8,900, while Bitcoin was trading at over $66,000 on other exchanges.
A spokesperson for BitMEX stated that the company is investigating the incident and has found evidence of "aggressive selling behavior involving a very small number of accounts, beyond the expected range of the market." They added that their system is functioning normally, and all user funds are secure.
An account named @syq, referred to as X account, first posted information about the sudden sell-off, implying that the flash crash coincided with the sale of approximately 977 bitcoins worth about $66 million. The BitMEX spokesperson declined to comment further on the details of the incident. |
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