Bug found on cryptocurrency site: Bitcoin worth $ 780 billion, Ethereum worth $ 520 billion

Users appreciate the "happiness" of being rich in the short term ...

At around 6:10 a.m. Beijing time on December 15, data flashed on cryptocurrency exchange sites Coinbase and CoinMarketCap, and several cryptocurrency announcements were incorrect.

The CoinMarketCap site lists Bitcoin at over $ 780 billion and Ethereum at over $ 520 billion, but the same problem occurs with other token values.

This results in an imprecision in the personal balance sheet of some users, and immediately becomes "billionaire" for some users. After a while, the display value returns to normal. The CoinMarketCap website says in a statement that the issue has been resolved.

The Coinbase cryptocurrency exchange has also been affected by market price errors and user wallet balances. Coinbase has said in the media that there is an issue with the value of assets placed on certain user wallets and the issue will not affect the market. Coinbase has since announced that its team of experts is investigating the issue of asset pricing and trading difficulties. At the time of publication, the issue was resolved, but no company has explained the cause.

While some speculated that the CoinMarketCap website had been hacked, the company said in a statement that it had found no evidence that today was not working due to third parties.

Failure is always an issue with the cryptocurrency market, and many exchanges often fail to complete trades during the trading period. Since the growth of cryptocurrencies, anonymity has made it difficult to solve the problem of hackers and thieves.

Bosonic founder Rosario Ingargiola said all platforms are affected by this. This means that in some cases they are all using the same data source. So, if something is wrong and the price drops too much, it can lead to poor leadership and lead to investment decisions.

CoinMarketCap humorously asked what it was like to be a millionaire for hours on end on social media. Some users say they are almost heartbroken at this price, and there are jokes that they immediately gave up and bought a Lamborghini.

However, not everyone finds this situation funny. Crypto investor Aaron Brown said if the failure persists traders will go elsewhere to get their data.