EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash
The Block·
60-second summary
EdgeX is offering refunds to affected users and launching a 200,000 USDC bounty after a 71% token flash crash caused by 174 addresses flooding a PancakeSwap pool with EDGE token sell orders during a period of low liquidity, resulting in significant losses for users who had staked or traded the token, impacting investor confidence in the market.
EdgeX says that 174 addresses flooded a PancakeSwap pool with EDGE token sell orders during a period of low liquidity.