Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off event

Oluwapelumi Adejumo

BitMEX is investigating an unusual activity involving “a user selling large orders” on its Bitcoin spot market. Yesterday, several market observers identified a rogue seller who unloaded more than 400 BTC on the BitMEX exchange. This action resulted in the flagship digital asset crashing by 87% to as low as $8900 on the platform yesterday […]

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Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off event