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Crypto Trader Lost $3.8 Million After Using Leverage

  • 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.

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