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From the beginning FTX has been designed to prevent liquidations when possible, and minimize their impact to the extent we can. Glad to see that showing up despite $2.7b of volume!

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CryptoDiffer - StandWithUkraine

@CryptoDiffer

Mar 9, 2020

Amount of Liquidations in the past 24 hours by exchanges. In total $798.49M was liquidated! In the last 24 hours, 51,831 people have been victims of liquidation. The largest single liquidation order occurred on @BitMEXdotcom- $BTC value $10M Data source: bybt.com

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I can try to check--we report all liquidations, not just auto-closures, as liquidations so I'm guessing it's all of them, at least for BTC?

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Dishonest is strong--I legit thought it was true when I retweeted! I'll look into it though.

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and

I've looked at the data and confirmed that the graphic *is* correct, there have been < $5m of BTC-PERP liquidations on FTX. I totally get why you were skeptical, it's a low number! But I'd watch the way you describe it--"dishonest" was wrong for 2 reasons.

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SBF

@SBF_FTX

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@zoomerjd

I think the biggest thing is that in a lot of ways FTX encourages risk management (cross margin, larger initial margin unless you use High Leverage, and a different marketing strategy) and BitMEX has fostered an image of "go big and get liquidated"

3:55 PM · Mar 9, 2020Twitter Web App

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