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RE: Coinbase/GDAX ETH Flash Crash Update
This is a smart move on Coinbase's part.
This is all coming out of their pockets even though nothing performed incorrectly with GDAX. It is important that they are not reversing trades, rather refunding those who got "burned".
Yes this is good move and a necessary one. People need to feel "safe" with crypto and that their funds will be okay from something like this.