Deribit, a newly launched derivative exchange, saw a one-off event that wiped out Bitcoin (BTC), flash-crashing the price to $7,700 while filling orders all the way down. The sudden price anomaly saw the price return immediately to above $9,000.
Deribit has announced it will cover the losses from its own funds, not resorting to the insurance fund for derivatives:
https://twitter.com/DeribitExchange/status/1190047067365953536
A flash crash may erase the value of any asset to almost zero, and has happened for BTC and Ethereum (ETH) a few times in history. B...