Arkham Intelligence, a blockchain analytics firm, has denied responsibility for the flash crash that saw Bitcoin’s price plummet by 7% in under an hour. Media outlets initially reported that the crash was due to an erroneous alert issued by Arkham Intelligence, which stated that large sums of Bitcoin were being shifted from wallets linked to Mt. Gox and the US government. However, the firm later conducted an investigation and concluded that its alerts were sent accurately, and neither the alert nor the tweet caused the sharp drop in BTC’s price. The exact reason for the flash crash is still unknown, and it caused over $211 million in liquidations for crypto market participants. At present, Bitcoin is trading at $28,378, up 0.25% in the last 24 hours.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
