Firm Behind AI Trade That Triggered $60M Crypto Liquidations to Repay All Losses

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A company's AI-driven trade caused approximately $60 million in cryptocurrency liquidations after its mark price dropped 19% in a single pre-market trade in South Korea. The sharp price movement triggered a cascade of forced liquidations across the market. Despite the significant fallout, the company defended its oracle system, stating it functioned exactly as intended. In response to the financial damage caused to traders, the firm has committed to covering all losses resulting from the incident.

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