What caused the ETH flash crash on Kraken?

Quick Take

  • Kraken recently doled out “retention incentives” to users who were affected by a dramatic fall in the trading venue’s price of ETH on Feb 22.
  • So what exactly happened on Feb 22? 
Kraken recently doled out "retention incentives" to users who were affected by a drop in the price of ETH at the venue on February 22. Why?

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