Cryptocurrencies are quite famous for their fluctuating price and the occurrences of flash crashes. Due to this high volatility, many margin traders try to take benefit from it. To assist them, certain exchanges allow the use of leverages up to 100x. This means that any price volatility, whether a gain or loss are amplified a hundred times and thus can cause a disaster or make someone wealthy in a short time. However, last night, a strange phenomenon occurred on the Bitmax exchange that offers leverage up to 100x. The exchange bore witness to a series of flash crashes and flash