What caused the Bitcoin flash crash this week?

Discussion in 'Cryptocurrencies' started by Anastasia Vladimir, Apr 27, 2019.

  1. In a piece of unexpected news, Bitfinex was accused earlier this week of using customers’ funds to cover a loss of $850 million. Furthermore, the accusation came from the New York Attorney General’s office, the thing that pushed bitcoin flash to crash, as per the report.

    The details of the news say that Bitfinex allegedly resorted to using its affiliated stablecoin operator Tether to cover the enormous amount referred to above.

    According to the lawsuit, Bitfinex through Crypto Capital mixed the funds stored on behalf of the client with its own capital.
     
  2. momo3HC

    momo3HC Trader

    38
    6
    14
    I`ve also read that some intelligences found some crypto (BTC mainly) crowdfunding schemes for terrorist organizations. Sorry about that may be missing some key points but can`t found the actual article.
     
    Anastasia Vladimir likes this.
  3. Please share the article with me if you find it.
     
  4. momo3HC

    momo3HC Trader

    38
    6
    14
    I will but can`t really remember where I've read it.
     
  5. Okay. No problem.
     
  6. Mauk

    Mauk Trader

    38
    0
    12
    But from what I see that case with BitFinex really didn't make anything to shake BTC value lately, it's on rise again after a week. Am I missing something with what was done like a really big damage ? Simply I click that thread and was just scared of outcome;)
     
  7. momo3HC

    momo3HC Trader

    38
    6
    14
    Yeah. That seems strange to me also but it`s a fact.
     
  8. Kennyrice

    Kennyrice Trader

    30
    2
    8
    I also find wanted to know this...
     
  9. momo3HC

    momo3HC Trader

    38
    6
    14
    Yeah and I still had no idea.
     

Share This Page