Tether investigation FUD wipes out $1B in open interest with latest market flash crash

Crypto markets erased $5B of their value within an hour on the news of a possible renewed Tether investigation on anti money-laundering practices. The market recovered soon after the initial shock.

Full story: https://www.cryptopolitan.com/tether-investigation-fud-wipes-out-1b-in-open-interest-with-latest-market-flash-crash/