Crypto flash crash erases $108 billion in six minutes
August 22, 2026
The market’s worst six-minute drop since October 2025 hit over 281,000 leveraged traders as a week-long rally reversed.
The market’s worst six-minute drop since October 2025 hit over 281,000 leveraged traders as a week-long rally reversed.
Ether surged 18% to $2,250 and bitcoin neared $70,000 as short liquidations topped $3 billion.
A chain of six bugs let an attacker drain Maya Protocol’s vaults and crash CACAO before validators forced a network-wide halt.
A King County judge gave the exchange until September 2 to geofence sports, election and politics contracts, two days after the CFTC ordered it to keep trading.
The unauthorized mint added about 26% to ONE’s supply and most of it reached exchanges before Harmony asked for a freeze
A build setting silently disabled the hardware wallet’s randomness chip for five years, making seeds guessable
Client funds sat in segregated trust accounts, but on-chain analysts say compromised wallets kept draining for 31 hours
An attacker took owner control of the WEMIX$ contract, minting 5.2 million unbacked tokens and forcing a network-wide shutdown.
The exchange that invented the 100x perpetual swap will end operations on September 23 as its token collapses 90%.