ARC's permanent long position collapsed on Lighter, resulting in a loss of $8.2 million in leveraged trading. An automatic adverse position adjustment (ADL) occurred, and the liquidity provider's loss was approximately $75,000.
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ARC's permanent long position collapsed on Lighter, resulting in a loss of $8.2 million in leveraged trading. An automatic adverse position adjustment (ADL) occurred, and the liquidity provider's loss was approximately $75,000.