Some traders who lost money in this week's Ethereum "flash crash" are going to be credited for their losses, the GDAX said.
The crash saw Ethereum coins being sold for as little as $0.10 USD. Many fortunes lost as the price plummetted before many fortunes were made by those who were able to purchase drastically undervalued Ethereum coins.
Lets not forget that this news comes after angered traders piled together to file a lawsuit. I'm sure the good people of the GDAX Exchange felt like giving back the coin to traders in their account before there was news of a lawsuit, Lol.
This comes as good news for people that might have felt like their money would be unsafe in a cryptocurrency exchange.
What do you think? Is GDAX responsible for this crash? should they give back all investor money? Would love to hear the opinions of my fellow steemians!
Source:
https://news.bitcoin.com/gdax-exchange-sees-colossal-eth-flash-crash-angered-traders-mount-lawsuit/
http://www.cnbc.com/2017/06/24/cryptocurrency-exchange-to-credit-traders-for-ethereum-flash-crash.html
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Great post! but why the introduceyourself tag? i dont see what this post has to do with this tag. please delete the tag and let the tag free for actual introduceyourself posts
Replaced the tag. Sorry didn't really think of it like that. I saw others using it and thought it was fine.
If they get credited that would be pretty awesome, let's see what happens. Good post @weathguide