Bloomberg: BitMEX is investigating the flash crash that caused Bitcoin to fall to $8,900 on its platform this morning

BlockBeats News, March 19, according to Bloomberg, the cryptocurrency trading platform BitMEX is investigating unusual trading activities that caused Bitcoin’s flash crash on its platform this morning. At around 06:30 Beijing time on March 19, the BTC/USDT price fell to a low of $8,900 on BitMEX, while Bitcoin was trading at more than $66,000 on other exchanges. A spokesperson for BitMEX said the company investigated the incident and found evidence of "aggressive selling behavior involving a very small number of accounts that was beyond the expected scope of the market," adding that its systems were operating normally and that all users Funds are safe. Information about the sudden sell-off was first posted by an X account named @syq, which suggested that the flash crash coincided with the sale of 977 Bitcoins worth approximately $66 million. A BitMEX spokesperson declined to comment further on the details of the incident.