Khaleesi Posted November 30, 2017 Share Posted November 30, 2017 http://www.newsbtc.com/2017/11/30/bitfinex-margin-traders-get-liquidated-no-reason/ “In most cases, Bitfinex users lost a lot of their account balances pretty quickly. It suddenly started to unravel several hours ago, yet the exact cause remains unknown. In fact, there are plenty of complaints to found on Twitter regarding these issues. Even stop-loss orders were liquidated at a much lower price than they should. This is unacceptable behavior by the exchange, to say the very least. Moreover, people would like to see an official explanation for this sudden odd occurrence. More Bitfinex Issues to Worry About More specifically, it remains to be seen if the company will refund users. Bitfinex has a bit of a troubled history when it comes to platform issues. They were hacked over a year ago, and the platform has seemingly never been the same ever since. This new “error” only makes this whole ordeal even more problematic. Throw in the allegations regarding Tether’s shenanigans and there is a powder keg waiting to explode. Using margin trading on any exchange is always a risk. Things like these can happen, which is why traders use stop-losses to minimize potential losses. In this case, that didn’t work out quite well.” Link to comment Share on other sites More sharing options...
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