August 13, 2019 Circle-owned exchange, Poloniex, announces it will refund customer losses related its handling of a market crash in May.

The ‘flash crash’ occurred after the exchange allowed for margin trading of the highly illiquid asset, Clams, causing many customers to default. To compensate, Poloniex socialized lost coins to its bitcoin margin lending pool, controversially penalizing users uninvolved in the trading of Clams. Now, under a new policy, affected users will be reimbursed in the form of transaction fee credits.