Accidentally sold users Bitcoin at 88% down due to a technical glitch
Business Industry

Accidentally sold users Bitcoin at 88% down due to a technical glitch

The Philippines-based PDAX network, Southeast Asia’s largest cryptocurrency trading platform, experienced a technological failure and accidentally sold users Bitcoin for $6,000, down 88% from the cryptocurrency’s price of $48,000 at the time. According to Filipino news outlet BitPinas, the incident occurred after transaction volumes on the trading platform increased by 70x, resulting in a technical glitch […]