I’m sure it’s just a glitch.
“A reminder that #Bitcoin never goes down.”
An apparent “glitch” on PDAX temporarily dropped BTC prices by 88% and saw trading suspended. The exchange held a press conference yesterday to explain what happened.
One of Southeast Asia’s biggest crypto exchanges is blaming a technical glitch for the price of Bitcoin dropping down to 300,000 Philippine pesos, roughly $6,100, on Feb. 16.
An unknown number of customers of the Philippine Digital Assets Exchange, or PDAX, managed to buy thousands of Bitcoin (BTC) from the exchange at a massive discount, making them local currency billionaires on paper — at least for a few hours.
A number of PDAX customers withdrew their purchased Bitcoin up to the exchange’s limit on individual accounts of 1 BTC per 24 hours. PDAX is reportedly demanding these users refund BTC obtained during the crash under the threat of potential legal action.
The tech glitch led to a 36-hour closure, and several users continue to report remaining locked out of their
Think how much money the country will save while the Fed is down.
Gotta hide the drug money transfers and the democrat bribery money.
The system is back up. Read the primary source article.