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Binance to make changes as ‘trader’ scams liquidity on ETHUSD Futures

A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader, both ways. […]

A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures.

As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that,

“This happened on ETHUSD Perp futures. It was caused by one trader, both ways. We believe this may be intentional sabotage from a competitor. The trader lost lots of money himself. But also caused other stop orders to trigger. We will make a few changes to reduce in the future.”

Given the state of the order book, many believed it was incredulous to…

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