Binance says tokens did not crash to $0, claims ‘display’ issue responsible
The tokens did not actually crash to $0, but users saw tokens drop to nearly $0 due to a ‘display’ issue, the Binance exchange said.
Crypto exchange Binance issued an update to users after several tokens on the platform apparently crashed to $0 in the wake of Friday’s market meltdown, saying that the tokens did not actually crash, but showed a $0 price to users due to a “display issue.”
Several altcoins appeared to crash to $0 on Binance during Friday’s market turmoil, including IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ), despite the tokens staying well above $0 on other centralized crypto exchanges.
The tokens did not actually lose 100% of their value on the platform, according to an announcement from Binance on Sunday. Binance explained:
