Bitstamp Cryptobirch investigates the sale of 5000 BTC during the fall of the coin to $6200

By roland4 | bitcointime.eu | 18 May 2019


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The administration of the Bitstamp cryptocurrency exchange initiated an investigation into trading activities, which coincided with the fall in the value of Bitcoin to $6200.

On May 17, against the background of the general dominance of "bears" in the cryptographic market, almost all digital assets fell in price. BTC was in the list of cryptocurrencies that suffered the greatest losses. Aggressive sales were recorded on all trading floors, but the most suspicious trading operations were made on Bitstamp.

In the course of several transactions one user dropped about 5000 bitcoins, which provoked the collapse of the coin.

In the statement of the trading floor on Twitter it is noted that a large order to sell was implemented, which greatly influenced the entire order book. After this transaction, the transaction processing system did not find any aggressive activity, and the trade returned to normal.

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