Crypto Trader Loses N1.3bn in BTC Crash

Crypto Crash: As BTC Drops to $62k, Man Loses N1.3bn Trading PEPE on Binance, He Cries.

As BTC Drops to $62k, Man Loses N1.3bn Trading PEPE on Binance, A young man lost all his fortune to crypto as BTC price went below $62,000 (N74,431,000) on Saturday, April 13 Hoping that BTC would never crash, the man bet on PEPE altcoin with a 3x leverage to maximise his profit.

A crypto trader faced his worst nightmare trading futures without risk management, losing $1.14m (N1,368,570,000) on Binance.

With the hope that BTC may go higher, considering its halving in less than a week, a man put all his net worth into trading an altcoin called PEPE. BTC price dump liquidated position.

The photo of the man in this collage is for illustration purposes only and has no connection to the story.

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