Techub News reports that, according to AMBCrypto, the cryptocurrency derivatives trading platform Lighter confirmed that a crypto whale was liquidated after opening a leveraged long position on its ARC perpetual contract market, losing $8.2 million. The incident occurred during the closing of positions on Wednesday evening, prompting the decentralized derivatives trading venue to activate its auto-deleveraging mechanism. According to the report, the platform's liquidity providers suffered losses as a result.

ARC-8,37%

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