The purpose of the function is as earlier mentioned by Bitcoin Information. Based on the AMB Crypto document, it is believed that this may very well be an automatic investing automatic robot or an algorithm mistake. At exactly the same time, it remarked that the K-bar didn’t trigger the automatic reduction program; Trustnode mentioned that it’ll conduct an intensive investigation around the currency security aspect. Before the incident, hacking is also a possibility: When you can go short instantly when the price reaches its peak, you will instantly get a large amount of profit. Many analysts think that if such occasions occur on additional exchanges whose status and trading volume are much less than Binance’s various other exchanges, it will have disastrous results. Among them, “The Crypto Investor” (The Crypto Investor) writer Glenn. Goodman responses: Crazy cost spikes like this are the worst nightmare for investors. Fortunately, Binance’s program can make sure that no one’s account is liquidated, however in similar situations, not all exchanges could be held responsible. This is a wake-up call to all or any traders. You need to make certain that you use a trusted exchange to trade. It also reminds us in time that when you industry derivatives such as Bitcoin futures, you merely need a big whale to encircle. Live all of the small seafood and settle the accounts. Related subject: Bitcoin whales operate! Benefit from 10,000 points to manipulate the market and “short sell” $44 million BTC on BitMEX Community response Although Changpeng Zhao (CZ) stated that no customers were impacted and the position was liquidated, there have been still a lot of dissatisfaction concerning the Binance contract mechanism in his Tweets and neighborhood: