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I made $458,000 in a flash crash buying XRP at 0.00004USDT each, then the exchange reversed the trades and took my profits

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by COINS NEWS 218 Views

The story goes like this…

If you go onto the XRP/USDT pairing on LAToken and scroll back to the 23rd February you can see the price dropped to 0.00004USDT per XRP. I had placed very low limit orders prior to this that have since been filled.

When I logged into my account after placing these low bids on the market a while back, I was amazed to see I had amassed 632,151 XRP tokens.

Here’s the heart-breaking bit. I naturally was mind-blown, so I tried to sell some of the XRP in the account then withdraw my profits from the exchange elsewhere, only to have the withdrawal declined and my account temporarily closed for 1 day siting a ‘violation of our terms of use’. I have done nothing wrong and simply set low limit orders that were filled.

I contacted support asking why this has happened, they didn’t tell me why my account was restricted or what terms of use I had broken. After the 24 hours my account is back up, all the XRP is gone and I’m left with the cryptocurrency I had originally. I contact support again asking for my coins back, I get vague responses not related to the issue.

For proof of this happening: https://imgur.com/a/NSYsvqn

submitted by /u/Aromatic_Philosophy5
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