In a recent blog post, GDAX, Coinbase’s exchange, announced:
“We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017. This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement. To clarify:
- For customers who had buy orders filled — we are honoring all executed orders and no trades will be reversed.
- For affected customers who had margin calls or stop loss orders executed — we are crediting you using company funds.”
That is great news to those who may have inadvertently lost positioning due to the recent ETH crash.