Starbridge Capital Experiences Abnormal Gold Trading Liquidation, Hong Kong Office Deserted
Source：
finance.caixin.com
According to Caixin, SBCFX experienced an abnormal liquidation event in London gold trading. Following the incident, the platform’s Hong Kong office has been abandoned, leaving some investors facing massive losses. Multiple investors reported that their automated trading of London gold (XAUUSD) derivatives through the SBCFX platform encountered extreme abnormal trading conditions on the evening of August 19: the system automatically generated substantial short positions within just 1 to 3 seconds. This was swiftly followed by a rapid surge in international gold prices, causing mass account liquidations. Some accounts had their funds wiped out completely, while others even incurred negative balances.
