USDC sees 43% flash crash on Bithumb against BTC

According to CoinNess market monitoring, the USDC/BTC pair on Bithumb experienced a flash crash of 43% around 2:55 a.m. UTC on June 19. The price of USDC momentarily plunged to 0.00000684 BTC, equivalent to a sale price of $0.43 (approximately 661 won) at the time of the trade. The token has since recovered to the 0.00001583 BTC level on the exchange, trading at a won-equivalent price of 1,506.