Tag: Deribit

Deribit Absorbs $235,000 Loss Caused by Liquidation Algorithm Bug

Cryptocurrency exchanges are often targeted by criminals in an effort to steal data or money. However, those are not the only threats they face. Some problems are the result of internal errors, such as a trading algorithm gone awry. In the case of Bitcoin futures exchange Deribit, its liquidation algorithm caused major losses. As a result, the company has put all Bitcoin futures on hold for a brief period. Deribit’s Algorithm Messes up Badly …
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