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RE: GDAX will get Investor Losses From Recent ETH Flash Crash

in #bitcoin7 years ago

I heard that some 3,300 shares were picked up near instantly at the .10cent mark, essentially turning one lucky individual (if not multiple) into instant millionares. The stop limit-loss fields in GDAX however should have been used by those stuck on margin calls. Trading on margin is always a risky bet and you should never bet with something you're not willing to lose.

I'm shocked (and glad) that GDAX is willing to pick up the tab on this one, but Coinbase (their parent/sister site) needs to do some serious Goodwill and PR damage control given the debacles of last weeks bullshit. I had funds stuck inside Coinbase for 48 hours, and with rumors of the site being shut down for good, their lack of PR and 'support' for assistance was nothing short of embarrassing.