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Software defect or bug? A Binance Trader Pays $82,000 For One Bitcoin

Posted on November 9, 2022 by admin

Software defect or bug? A Binance Trader Pays $82,000 For One Bitcoin

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Answer Software defect or bug? A Binance Trader Pays $82,000 For One Bitcoin

From time to time, some anomalies occur in the trading platforms, which makes them the focus of the attention of many observers of the crypto market affairs.

Recently, an anonymous bitcoin trader paid $82,000 for one bitcoin.

This led to a surge in the price of Bitcoin on the cryptocurrency exchange Binance.

Buy 1 Bitcoin for $82,000:

According to a report published by SourceA little-known bitcoin trader has caused a stir in the crypto trading community after paying nearly five times the average market price for a single bitcoin.

The trading process made by this user, some members of the crypto community attributed to a software bug in the platform and others reported that it was an unfortunate mistake made by this unfortunate user.

Read:Bitcoin “BTC” is on a different upward trajectory this time

The error caused the price of Bitcoin to temporarily rise to $82,000.

He appears Scheme BTC/TUSD on Binance The anomaly that occurred at 1 AM ET on November 17, when the bitcoin price was trading for $16,600.

One bitcoin trading fuse spread to $82,000 over the course of a 60-minute window, eventually returning to its original price.

Other Bitcoin trading pairs including USDC, DAI and USDT were not affected by the sudden rise in the market price.

According to the report, the deal was most likely the result of an error, which is evidenced by the stable trading volume when the deal was executed.

But the bug and software flaw of the Binance platform is also present within the speculation, as there have previously been some “Flash” problems in trading operations on the Binance platform.

Read:A new dispute may lead to a “Hard Fork” split for Tezos

Currently, cryptocurrency exchange Binance declined to comment on the nature of this transaction.

Read also:

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