If you’re receiving interest on BTC in custodial form, there’s a good chance you’re taking more risk than you realize. I’m not anti-lending, I just want people to be aware of the risks they’re taking. https://t.co/4SADZzu1Ep
RT @jchervinsky: Poloniex, a US-friendly exchange, is socializing losses across BTC margin lenders due to a flash crash in the CLAM (???) market, even though one might expect Polo to have a system preventing this sort of thing.
Don't we think @cz_binance would've tapped the #safu fund for this? https://t.co/aAJ55obWTL
-Polo offers margin trading for illiquid shitcoins.
-One of them crashes.
-1800 BTC loss.
-8 days later enact ~16% haircut for all polo margin traders.
-WTF they were just asking for trouble listing these: "we are removing margin trading for 4 assets: BTS, CLAM, FCT, and MAID" https://t.co/4dgBBv5WF2