Replay of the ACT Flash Crash on Binance: Who’s Manipulating the Market？By @OwenJin12
Binance & Wintermute did not deliberately manipulate prices to crash the market. There were abnormal positions held by unknown users. After the risk control was gradually tightened, the user "ignited" in advance, and Binance's insurance fund balance actually lost 2M. This kind of attack was also common in the last bear market. Read more — link : Wu Blockchain News
Binance & Wintermute did not deliberately manipulate prices to crash the market. There were abnormal positions held by unknown users. After the risk control was gradually tightened, the user "ignited" in advance, and Binance's insurance fund balance actually lost 2M. This kind of attack was also common in the last bear market. Read more — link : Wu Blockchain News
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Replay of the ACT Flash Crash on Binance: Who’s Manipulating the Market？
On April 1st, the price of ACT on Binance suddenly plummeted — dropping over 49% within 30 minutes.
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