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Large holder incurs $8.2 million loss from ARC liquidation on Lighter as...
Whale’s $8.2 million ARC Bet Crashes on Lighter, Platform Limits Ripple Effect
Large leveraged position on the ARC perpetual market was liquidated after a price dip, triggering Lighter’s back‑stop liquidity and auto‑deleveraging (ADL) mechanisms. The exchange confined losses to liquidity providers to a few‑ten‑thousands of dollars and announced tighter risk caps.
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