Finance2 sources
Chip-stock bets lost $52M in 10 minutes with Wall Street shut
- A 10-minute flush in chip-stock contracts resulted in a loss of $52 million.
- The incident occurred while U.S. markets were shut, leaving traders without real share prices.
- The glitch affected round-the-clock chip-stock contracts.
- No further details on the cause or response to the incident are provided.
- Large banks are exploring tokenization as a growth opportunity.