April 24, 2025
Blockchain

Technical flaw experienced in Crypto.com caused users to make up to 40 percent profit: all transactions suspended

  • May 15, 2022
  • 0

The world famous cryptocurrency exchange Crypto.com error occured. Crypto.com, one of the companies that keeps the stock market open in LUNA trades, due to an error in the

Technical flaw experienced in Crypto.com caused users to make up to 40 percent profit: all transactions suspended

The world famous cryptocurrency exchange Crypto.com error occured. Crypto.com, one of the companies that keeps the stock market open in LUNA trades, due to an error in the mobile application It brought users 30-40% gains.

The company made the mistake LUNA He found that it was caused by mispricing for: Users noticed that there was some imbalance in prices at the time of purchase. against this All operations on Crypto.com have been halted.

Statement of Crypto.com

With the error caused by the mobile application, users noticed some differences in LUNA prices. This error is caused by LUNA actions by users. It provided gains of up to 30-40 times. However, Crypto.com realized the situation and reversed the transactions, allowing them to be reversed.

While users expressed concerns about the withdrawal of the transactions on Twitter, it was not delayed to make a statement from Crypto.com CEO Kris Marszalek. Marszalek, in his function; “The main reason is; “While multiple external factors (changes due to the Luna death spiral, withdrawals and the complete shutdown of the Luna network) should normally act on index prices, this is not the case and price biases occur.”

Also in a recent post, the CEO of Crypto.com also announced that users will be able to buy back LUNA tokens at the immediate market price.

Source: Web Tekno

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