1) Some FTX facts today:
a) I don't think we had any downtime, which was great! And markets were decently liquid all things considered.
b) Withdrawals are ~1 hour backlogged, sorry -- we have ratelimts on #/sec to process, we'll take those up. (also, you know, gas.)
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3) And for anyone who got ADL'ed, today, we've just compensated your accounts with USD:
--if the ADL was good marked to now, you kept it
--if the ADL was bad marked to now, you got USD equal to the difference in market prices
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4) d) I think this was another all-time record volume day, at $26B.
We had about $250m of liquidations today -- maybe our all-time high, but about 10-20% of other exchanges'.
Interestingly, we had closer to 50/50 long/short liqs than most!
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This is some insane service level. Thank you. I thankfully didn't experience it but to those that did this is such a turnaround for them.
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What exactly happened here? They compensated people that got liquidated?
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I really appreciate the way FTX handles bad trades. my account went to to basically negative today and you only sold off half my collateral and i have made some back already! <3 FTX really looks out for its traders!
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Account balance went negative for a few minutes but never got liquidated. Literally a gift. FTX will flip binance. Soon
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