ETH - GDAX release - BIG NEWS - GDAX will Credit customer accounts which experienced a margin call or stop loss order

in #eth • 8 years ago

Hi,

GDAX release

We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017. This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement. To clarify:
For customers who had buy orders filled — we are honoring all executed orders and no trades will be reversed.
For affected customers who had margin calls or stop loss orders executed — we are crediting you using company funds.

The release clarified:

"For customers who had buy orders filled — we are honoring all executed orders and no trades will be reversed."
"For affected customers who had margin calls or stop loss orders executed — we are crediting you using company funds."
Ethereum's price crashed from $296 to $13 around 12:30 p.m. ET time Wednesday on GDAX's exchange. It recovered those losses in a matter of minutes.

GDAX - Makes all whole - 'Commercial Morals' ->

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8 years ago in #eth by
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