Jun 7, 2019
120 Views
0 0

Binance SAFU Proves Valuable as Poloniex Exchange Cuts $13.5 M Worth of BTC From Its Lenders

Written by

Popular cryptocurrency exchange Poloniex has decided to socialize the loss of about $13.5 million worth of Bitcoin between its shared lending pool. The impacted users represent 0.4% of the total exchange users. The event goes on to highlight the benefits of Binance’s “SAFU” fund and has caused serious turmoil throughout the cryptocurrency community.

Poloniex Cuts Losses of $13.5M Worth of BTC Between Its Lenders

In an official blog post published on June 6th, popular cryptocurrency exchange Poloniex explained that it experienced a severe crash in its margin-tradable Clams which resulted in a loss of 1800 BTC in the exchange’s BTC margin lending pool. READ IN FULL

Article Tags:
· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
Article Categories:
CryptoPotato · News

Leave a Reply

Your email address will not be published. Required fields are marked *