Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds

Poloniex is now crediting trading fees to lenders who lost funds in a May market crash involving the obscure to an official blog posting, Circle’s Poloniex exchange will cover lost funds by covering trading fees back through June 6. A 2014 airdropped token credited to holders of bitcoin, litecoin and dogecoin, Poloniex allowed margin trading on the coin till a flash crash wiped out 1,800 bitcoins worth $13.5 million at the time.

At the time, Poloniex blamed the flash crash on the velocity of sell orders along with a general lack of liquidity within Clam margin trading. In response to the crash, Poloniex closed margin trading on BTS, CLAM, FCT, and MAID.

Timeline of Bitshares, Clams, Factom, Maidsafecoin