Cryptocurrency website went wrong again: a bitcoin is worth $778 billion

On December 14, the website data of the US cryptocurrency exchanges Coinbase and CoinMarketCap flashed bugs. The quotes of multiple cryptocurrencies are wrong.

On the CoinMarketCap website, the price of Bitcoin was once displayed as $778 billion. The price of Ethereum is shown at $520 billion. The same problem occurs with other token prices.

This also caused some users’ personal account balances to be displayed incorrectly. Some users suddenly became “super rich”.

Dogecoin co-founder Billy Marcus tweeted that the chaos made him an “unrealized multi-billionaire.” Because the price of Dogecoin was once displayed as $194,509 on websites such as CoinDesk, but the actual price was only about 19 cents.

The quotes of some so-called “stable coins” are also wrong. The price of Tether was once shown to be 14 million U.S. dollars, but it was actually only 1 U.S. dollars. The price of USD Coin is shown to be around US$12 million.

But soon, the price display returned to normal. The CoinMarketCap website said in a statement that the issue has been resolved.

Coinbase stated in social media that there is a problem with the display of asset prices in some users’ wallets, and this problem will not affect transactions. The problem has been resolved, but neither company has explained what caused it.

CoinMarketCap humorously asked users on social media what it’s like to be a billionaire for a few hours. Some users reported that they almost had a heart attack when they saw this price, while others joked that they resigned immediately and bought a Lamborghini.

However, not everyone thinks this glitch is fun. A cryptocurrency investor said that if failures continue to occur, traders will go elsewhere to obtain data.

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LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.


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