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Ethereum Flash Crash and Delays. What's Going On?

1,655 views · Published 22 June 2017 · 11:22 · Indexed 3 October 2026

Channel: ChampagneCrypto · 2017 · News & Politics

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Hey guys, it's the voice of the blockchain, Satoshi's big cousin, cryptography's finest, Champagne Crypto here, thanks for tuning, in.

Today I want to talk about the Ethereum flash crash and transaction delays.

Yesterday Ethereum experience a flash crash after someone dumped 39,000 Ether on the network. The price of Ethereum quickly recovered but Coinbase has suspended ETH withdrawals and other exchanges continue to experience transactions delays.

What's goin on? Are billionare whales testing the market? Market manipulation by big banks? Collusion by coinbase and GDAX? Or was an honest system glitch? Leave a comment below. 

Related links:

Ethereum crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade
http://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html

BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
https://www.youtube.com/watch?v=YhLshgtuWm8&t=26s

REALIST NEWS - Ethereum Flash Crashes Massive 96% $13 on Coinbase Then Recovers
https://www.youtube.com/watch?v=TbS04NF0Tn0&t=2s

What the F**K Just Happened?
https://www.reddit.com/r/ethereum/comments/6io8u1/what_the_fuck_just_happened/

ETH wallet in question:
https://etherscan.io/address/0x7d551397f79a2988b064afd0efebee802c7721bc

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