Binance says tokens did not crash to $0, claims ‘display’ issue responsible
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Friday’s sell-off exposed a UI pricing bug on some pairs, Binance says — zero prices on screens, but orders and balances tracked true market levels.
Crypto exchange Binance issued an update to users after several tokens on the platform apparently crashed to $0 in the wake of Friday’s market meltdown, saying that the tokens did not actually crash so badly, but showed a $0 price to users due to a “display issue.”
Several altcoins appeared to crash to $0 on Binance during Friday’s market turmoil, including IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ), despite the tokens staying well above $0 on other centralized crypto exchanges.
The tokens did not actually lose 100% of their value on the platform, according to an announcement from Binance on Sunday. Binance explained:
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