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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Home Analysis

Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations

May 1, 2023
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Bitrue says technical glitch impacted XRP orders on its system – causing mass liquidations
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Singapore-based cryptocurrency change Bitrue stated it skilled a technical glitch that affected XRP orders on its system on April 26.

Based on the crypto change, the problems occurred between 07:15 to 07:16 (UTC), resulting in orders for XRP/USDT with incorrect costs and portions.

READ ALSO

Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

XRP flash crashes to 0

A number of crypto group members pointed out that the glitch led to a flash crash of the highest cryptocurrency to $0.

Based on XRP’s value chart screenshots shared on Twitter, varied customers who held lengthy positions on the property have been liquidated. On the time, many questioned if a glitch prompted the problems or if the platform was manipulated.

In the meantime, the change’s customers famous additional that merchants couldn’t profit as no purchase orders have been executed.

Bitrue to refund impacted customers

The crypto change has promised to reverse the positions held by its customers in the course of the glitch interval.

Based on the platform, losses of customers whose positions have been liquidated would be nullified, and their margin quantity could be refunded to their accounts.

Bitrue added:

“The settlement value of XRP will likely be marked at 0.4696 (taken at 07:15 UTC time).”

In the meantime, the incidence had minimal impression on XRP’s value because the broader market skilled heavy volatility. Based on CryptoSlate information, XRP is down 3.1% and is buying and selling for $0.45741 as of press time.

See also  Bitcoin sees rising demand in the UK as British pound struggles

The submit Bitrue says technical glitch impacted XRP orders on its system – inflicting mass liquidations appeared first on CryptoSlate.



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