Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations
Singapore-based cryptocurrency exchange Bitrue said on April 26 that its system experienced a technical issue affecting XRP orders.
According to the cryptocurrency exchange, the issue occurred between 07:15 and 07:16 (UTC) and caused XRP/USDT orders to be placed at incorrect prices and quantities.
XRP flash crashes to 0
some crypto community members It pointed out That a glitch led to a flash crash of the highest cryptocurrencies to $0.
According to the XRP price chart screenshot Various users holding long positions in assets shared on Twitter, liquidatedAt the time, many wondered if it was due to a glitch or if the platform had been manipulated.
On the other hand, users of the exchange further said that traders could not make a profit Because the buy order was not executed.
Bitrue to Refund Affected Users
The cryptocurrency exchange has promised to reverse positions held by users during the glitch period.
According to the platform, the loss of a user whose position has been liquidated ise will be voided and the margin will be refunded to your account.
By True Added:
“The settlement price of XRP is marked at 0.4696 (taken at 07:15 UTC time).”
On the other hand, the impact on XRP’s price was minimal as the broader market experienced intense volatility.according to crypto slate Data Shows XRP Drops 3.1%, Trading in $0.45741 when pressed.
The post Bitrue says that a technical glitch affected XRP orders on the system, causing CryptoSlate to first experience a high volume of liquidations.
