The Bug That Made A Billionaire For A Short Time On CoinMarketCap

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The Bug That Made A Billionaire For A Short Time On CoinMarketCap

CoinMarketCap, which was bought by Binance last year and is one of the platforms where the crypto money market is followed intensely, sat on the agenda of social media with an interesting problem this evening. The values ​​of cryptocurrencies listed on the platform were displayed much higher than the market value.

A statement came from the CoinMarketCap front shortly after about the unknown situation. However, the statement did not give clear information about why the situation happened.

Before the announcement, users became ‘billionaires for a short time’:

While the platform did not provide information on why the situation happened, they stated that they are “investigating the reason and will report the situation with an update when they get more information”.

After the situation, many users became ‘billionaires’ for a short time due to the unrealistic displayed values ​​of the crypto assets in their hands. Users who saw the high amounts in their accounts shared the situation on social media. Some users stated that the increased balance was reduced afterward.

Some posts on the subject on social media: