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Company behind AI trade that caused $60 million crypto liquidations to cover all losses

Source: CoinDesk
Company behind AI trade that caused $60 million crypto liquidations to cover all losses

The mark price fell 19% on a single pre-market trade in Korea. The company says its oracle worked exactly as designed.

CoinMagnetic

CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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