CoinMarketCap the leading crypto information sources has reportedly experienced what might be a hack as prices of various cryptocurrencies went haywire rising astronomically today.
Crypto investors who were checking up on their holdings this afternoon were likely stunned at what they saw. Gains appeared in the millions, or even billions of dollars for some coins. Other coins appeared drained to zero. Shiba Inu (CCC:SHIB-USD) fans saw their favorite pupcoin listed above Bitcoin (CCC:BTC-USD) in terms of market capitalization. Unfortunately, these data points are wildly incorrect. It appears that the CoinMarketCap website is experiencing a glitch; the site’s showing off massive crypto spikes and sending investors into a state of major confusion.
“Our website is currently undergoing Price Issues,” the company tweeted early Tuesday evening. “We are currently investigating and will update this status when we have more information.” As such, it’s currently unclear whether this was a security incident or simply a glitch. We’ve reached out to CoinMarketCap for an explanation.
It appears as though the price of every coin jumped by several orders of magnitude, with the price of a single Ethereum coin, for example, rising to more than $500 billion (Real price: Around $3,800.) Bitcoin, meanwhile, jumped to around $789 billion. That put Bitcoin’s market cap at somewhere between a quadrillion dollars and the Moon
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