Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
<i>exactly</i> the same thing happened to me with Litecoin on GDAX.<p>They sold off my entire holdings for $0.01  - $0 after fees. At the time LTC was trading for something like $25/LTC.<p>It took about 3 weeks to get anything but an automated response from their support team.<p>This was the response:<p>"After further review, this sell was due to a margin call of your margin position on the LTC/BTC order book. A series of large sell orders were placed on the LTC/BTC order book on May 21, 2017 around 1am UTC causing a large price decline which triggered a margin call of your position when your maintenance margin ratio was exceeded.<p>The trading engine and margin call functioned as designed. The large price decline was due to the relatively low liquidity on the order book at that time."<p>They eventually refunded the coins.... but a couple of days later removed half of the refund with no explanation.  I'm out of pocket by about $1200.  I'm still waiting for a response from them on that one.