One crypto trader, in particular, faced a massive liquidation loss of $3.79 million as a result of the sudden price decline.
The damage wasn’t limited to just one trader. Another investor suffered a nearly $2.17 million loss due to the ACT price crash.
The incident serves as a cautionary tale for crypto traders, particularly those who engage in high-risk leveraged trading.
The event has sparked discussions within the crypto community about the potential dangers of high-leverage trading, particularly when sudden exchange policy changes occur without prior warning or adequate preparation for traders.