Galaxy, an off-exchange trading platform, has updated its analysis of the October 11 crypto market crash. Initially, Galaxy attributed the crash to 'exchange pricing errors' and global macroeconomic shocks. However, on October 14, the platform revised its statement, removing the 'exchange pricing error' and citing only global macro shocks as the cause, which led to a series of liquidations. This revision marks the first deletion of a tweet by Galaxy's official account in two years.
Galaxy Revises Market Crash Analysis, Omits 'Exchange Pricing Error'
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