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06 March 2021

Kraken users demand refunds over flash-crash liquidations

Kraken users demand refunds over flash-crash liquidations


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However, the fallout appears for some has extended beyond losses and into debt, with Reddit-user “GoEers304” claiming their balance indicates they now owe Kraken money as a result of the flash-crash?

While other platforms similarly suffered sharp flash crashes, with Ether in particular falling on Nexo, The trading platform has indicated on Twitter they will refund users for losses incurred during the dip:.

The majority of sa liquidations took place on Binance, with $336 million worth of Ether and $55 million worth of BTC being wiped from users' balances. 

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