Conversation

1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order's prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity.

124

205

Kraken Exchange

@krakenfx

Sep 14, 2019

2/3 While the candle gives the impression that liquidity was exhausted between $8-12k, the wicks on either side are hollow. A trade executed at the high and low but there were not trades throughout and there were no other orders that were not matched that should have been.

Kraken Exchange

@krakenfx

Sep 14, 2019

3/3 Stops in the range of $8-12k were triggered. Stop market orders were correctly filled at market price (best bid/ask available). For questions about this incident as it relates to your account, please submit a support ticket: support.kraken.com/hc/en-us/reque

This Tweet was deleted by the Tweet author. Learn more

Jomarvel

@Jomarvel12

Sep 14, 2019

yea that was a trap....

Replying to

and

We intend to fix the bug before we resume the beta. Would you prefer no testing? All production code in the world is being tested all the time. This order type saw thousands of tests over months before being pushed to the limited production beta.

8:59 PM · Sep 14, 2019Twitter for iPhone

Likes

This Tweet was deleted by the Tweet author. Learn more

What about them?

Replying to

I think whatever slim chance we had at an October ETF, something like this may have done it in. Regulators when see this on one of the major bitcoin exchanges.....

GIF

1776 was a good year

@jalanfoster

Sep 15, 2019

Or was that the plan?