A crypto token representing $13 billion worth of home equity loans experienced an 81% flash crash on Friday, raising questions over how such a violent price movement could occur. The Figure Heloc token, issued by blockchain-based fintech Figure, usually trades around $1 because of its relationship with the firm’s YLDS stablecoin. Starting at around 10pm London time on October 24, the token began to fall, dropping to a low of $0.19 before recovering, according to price data from Figure Markets reported by ...