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After the October 10 Crypto Flash Crash, Expect A Wave of Lawsuits: Wintermute CEO
Yahoo Finance· 2025-10-21 20:36
October 10 was no ordinary day in crypto. Yes, Donald Trump “retaliated” after China announced new plans curbing rare earth metal exports. Truth Social, X, that’s classic Trump. The president won’t hesitate to show how mighty the United States is. The truth of the matter is: News of new tariffs on China was not expected to force a mega drawdown on that thin Friday evening. A -10% drop in Bitcoin would be extreme. However, things quickly went south on that October 10, and after what could be a comparativel ...