HomeCryptopediaIncident involving LUNA Trading on Crypto.com

Incident involving LUNA Trading on Crypto.com

-

Some Crypto.com cryptocurrency exchange platform users were unpleasantly surprised to hear that they were faced with inaccurate LUNA pricing yesterday afternoon. This has exacerbated some people’s losses, and some have accused the platform of stealing their money. In exchange, Crypto.com paid them $10 in CRO tokens.

The exchanges are not immune to the calamity that is currently affecting the UST and LUNA of the Terra ecosystem for a few days.

Indeed, yesterday afternoon, between 12:40 and 1:39 p.m., Crypto.com visitors encountered inaccurate LUNA token prices. As a result, in the vast majority of cases, it caused them to lose even more money, compounding the LUNA’s losses.

The exchange system, however, recognized the error, and trade of the token was halted until further notice.
We will mention that Binance CEO Changpeng Zhao announced today that the UST/BUSD and LUNA/BUSD trading pairings have been disabled to protect customers.

All users affected by the Crypto.com price differential during this time period have been alerted via email of the error and will get $10 in CRO tokens as compensation.

A compensation aimed at calming the users concerned a little, the latter having not failed to post their dissatisfaction on Twitter:

 

 

 

    Leave a Reply

    LATEST POSTS

    The CEO of Hong Kong’s securities regulator will manage the UK’s financial watchdog.

    According to Ashley Alder, the FCA will assist in "map the United Kingdom's post-Brexit future as a global financial center that continues to foster innovation...

    Samsung To Develop Bitcoin Mining Chips – Will This Energize Crypto?

    Samsung's entry into 3-nanometer foundry processor manufacture has begun, and the South Korean corporation will allegedly begin producing Gate-All-Around-based chipsets this week, according to Samsung...

    OpenSea Notifies Customers of Potential Phishing Emails Due To Data Leak

    OpenSea, a popular NFT marketplace, has cautioned its users against falling for phishing scams. According to the head of security, an employee of a third-party...

    VTB signed the first agreement in Russia involving digital financial assets.

    VTB Factoring uses the Lighthouse blockchain to buy a tokenized debt pool of industrial enterprises. VTB Factoring, a subsidiary of Russia's state-owned bank, announced the first...

    Follow us

    0FansLike
    3,498FollowersFollow
    0SubscribersSubscribe

    Most Popular

    spot_img
    %d bloggers like this: