A critical error has occurred in the world-famous cryptocurrency exchange Crypto.com. Crypto.com, one of the companies that keeps the stock market open in LUNA transactions, provided users with a 30-40 percent profit due to an error caused by the mobile application.
The firm determined that the error was caused by incorrect prices for the LUNA. Users noticed that there was some imbalance in prices at the time of purchase. In response, all transactions on Crypto.com have been halted.
Clarified from Crypto.com
Users observed some differences in LUNA prices in the error caused by the mobile application. This error caused users to profit up to 30-40 times from their LUNA trades. However, realizing the situation, Crypto.com reversed the transactions, allowing them to be reversed.
While users voiced their concerns about the reversal of transactions, Kris Marszalek, the CEO of Crypto.com, made a statement regarding the issue. Marszalek, in his post; “The main reason is; Multiple external factors (changes due to the Luna death spiral, withdrawals, and the entire Luna network shutdown) typically need to act on index pricing, while it does not and price deviations occur.”
Again In a recent post, the CEO of Crypto.com also announced that users will be able to repurchase LUNA tokens at the instant market price
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