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Syscoin asks exchanges to halt trading due to possible issue with the blockchain

03 Jul, 2018
by Ryan McInally
News
Syscoin asks exchanges to halt trading due to possible issue with the blockchain

Syscoin announced on twitter that they are investigating an issue with their blockchain and asked exchanges to halt trading while they look into the issue further. No information was given regarding what might be the cause of the issue.

Syscoin has a coin market cap of 62 or $183,783,203 (USD) and is currently selling for $0.342691 USD. It has seen its value increase 75.27in 24 hours, the highest of any coin in a 24 hour period. According to twitter users, one person bought 1 SYS for 96 bitcoin, which is worth $635,517.60 (USD).

Syscoin refused to comment if this was the issue.

One twitter user predicted that the error was due to someone’s “fat fingers” and nothing to do with Binance, where the supposed 1 SYS for 96 bitcoin trade occured.

One twitter user apparently did some digging and discovered that 11 coins were dumped for that price. However, it is still unknown whether an actual hack occured. 

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Read more about:Syscoin (SYS)

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