ETH-USD Trading Update
Adam White

It’s so clear that GDAX will be found liable in court:

  1. Their site down not allowing for positions to be exited or modified.
  2. Allowing the market to be manipulated in a way it is not intended to take advantage of locked out users creating a 99% drop and 30,000% gain in seconds. Then, not unwinding the trades when they had the full ability to do so. GDAX is a market for an asset. Assets do not drop by 99% and then increase by 30,000% in seconds. That is called gross negligence.

People are lining up for lawsuits:

Sorry to all people this happened to. They were robbed, clear as day. Will never use GDAX or Coinbase again. For a company who was supposed to be built on trust, they’ve just sealed their coffin. Sad. There only chance at redemption is to unwind these trades.

EDIT: Glad to see that GDAX has offered to replace the ETH that was lost by those impacted. Correct move.

Show your support

Clapping shows how much you appreciated Tony Mandarano’s story.