Crypto exchanges too slow to react to RAVE collapse, ZachXBT
Protos·60-word summary·1 min read
ZachXBT reports that Binance, Bitget, and Gate are investigating the collapse of RAVE token, which plummeted 97%. The exchanges responded slowly as the token's value crashed, raising concerns about their reaction times during market shocks. The incident highlights risks in crypto trading and the need for faster response mechanisms during sudden token collapses.
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