Poloniex to repay $18M worth of Bitcoin lost in margin trade flash crash with trading fees


Cryptocurrency exchange Poloniex has announced a new scheme to
reimburse users affected by an unexpected “flash crash” that
saw 1,800 BTC ($20 million) wiped from its margin trading lending
pool in May. An official blog post promises to return trading fees
(in Bitcoin) to impacted lenders until all losses have been repaid.
“Every time you pay a trading fee, we will convert the fee to BTC
and then credit you those fees each day. Your first credit will
include all the trading fees you have paid since June 6, 2019,”
wrote Poloniex. Poloniex supports peer-to-peer margin trading, a
system in…


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Source: FS – All Tech News
Poloniex to repay M worth of Bitcoin lost in margin trade flash crash with trading fees