Tag: spoofing

Vanishing $212M Bitcoin Order: Spoofing's Shadow Returns?

Vanishing $212M Bitcoin Order: Spoofing's Shadow Returns?

Last week, the crypto community absolutely lost its mind. A larger-than-life $212 million Bitcoin order inexplicably disappeared clears off Binance’s order books. This situation has raised new concerns regarding market manipulation. More specifically, it dives into one such practice known as “spoofing” and how it threatens to further destabilize the...

$212 Million Bitcoin Order Vanishes on Binance, Raising Spoofing Concerns

$212 Million Bitcoin Order Vanishes on Binance, Raising Spoofing Concerns

At 10:54 PM UTC on April 14, an enormous bitcoin sell order for 2,500 bitcoin was placed on the Binance order book. This deal was worth an estimated $212 million, with a purchase price of $85,600. The order was removed almost immediately, leading to speculation that the removal order may...