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Crypto traders lose thousands in 'flash crash' on $54B exchange
- saas_co_de 9y agoAn email from a Bitfinex support employee that was sent to multiple users and seen by Business Insider puts it in blunter terms. "Trading is a 0-sum game," the email reads. "We cannot start compensating users who trade leveraged positions and see their position liquidated. If we would [sic], we would soon have every user that gets liquidated request a compensation and users would start to trade at maximum leverage all the time. A totally reasonable and accurate response which raises the question of why bitfinex paid off people in the exact same situation in the past.