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RE: Coinbase/GDAX ETH Flash Crash Update
GDAX tweeted @ 23 Jun 2017 - 23:04 UTC
Update from @GDAX regarding ETH-USD trading:
blog.gdax.com/eth-usd-tradin…
Update from @GDAX regarding ETH-USD trading:
blog.gdax.com/eth-usd-tradin…
39,300 Ether https://etherscan.io/tx/0xdfde8f3a24f92924ca9e046c15d9cc5e40e758df92ca12de56fac1c3469e071f
Over $12 mil worth, eek.
This is a problem of 'some entity' gaming the system. No one looking for maximizing profit would sell in one huge block. Coinbase, a central bank?
Good point. I guess we will have to wait for their investigation to be done...