LUNA Token Trading Halted on Crypto.com Following Pricing Error

Crypto.com LUNA price error

Facing cataclysm currently facing UST and LUNA of the Terra ecosystem for a few days, the exchanges are not spared either.

Indeed, yesterday afternoon, on the slot from 12:40 p.m. to 1:39 p.m., Crypto.com users found themselves faced with incorrect prices on the LUNA token. Therefore, in the vast majority of cases, it caused them to lose even more money, compounding the losses caused by the LUNA.

However, the error was detected by the exchange system, and the token trading has been paused until further notice. We note that today Changpeng Zhaothe CEO of Binance, announced that UST/BUSD and LUNA/BUSD trading pairs have been disabled to protect users.

All users affected by the Crypto.com price difference on this time slot have been notified by email of the error and will see each other compensation of 10 dollars in the form of CRO tokens.

A compensation aimed at calming the users concerned a little, the latter having not failed to post their dissatisfaction on Twitter:

Due to the current state of the market, MIR, ANC and LUNA tokens can temporarily no longer be deposited or withdrawn on the platform. In addition, trading robots used for Dollar Cost Averaging (DCA) of the platform have been disabled for the LUNA.

👉 Also read: Crypto.com (CRO) claims 50 million users worldwide

Source: Crypto.com

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About the Author : Maximilien Prue

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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
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