BFX Bot Gone Wild

It appears as if trading is slowed or suspended on BFX, after a rogue bot seemingly took over ltc/btc trading for a period of 35 minutes. The intense volume and consistent range of the trades suggests that this was not human error (unless they were wasted).

Screen Shot 2015-07-17 at 12.07.57 PM

The impact could be seen on the ltc/usd market, as correctly functioning arb bots (which were obviously also trading the ltc/btc pair vs the rogue bot) took advantage of the situation. Quick traders using their old fashion fingers certainly took advantage of the opportunity as well.


Screen Shot 2015-07-17 at 12.08.33 PMThere was some funny activity in the drk/btc market as well, but nothing conclusive. Could have been a bot, could have been a fomo trader.

Now back to your regularly scheduled programming of watching OKC lead the LTC market.