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Shortly before 5 p.m. ET on Tuesday, one of the world’s largest cryptocurrency websites went haywire, with extremely inaccurate prices appearing on the site and several relatively unknown coins listed in the top 10.
CoinMarketCap started showing massive numbers for assets like Bitcoin (CRYPTO: BTC), which was priced at $ 789,432,690,634.70, while Ethereum (CRYPTO: ETH) turned out to be worth 38,884,629,258. , $ 24 each. Meanwhile, the site listed the best crypto on the market as Cocos-BCX (CRYPT: COCOS) for $ 25,241,256.57.
The other coins that erroneously made the top 10 were Sora (CRYPTO: XOR) priced at $ 274,807,219,254.69 and Hex (CRYPTO: HEX) ranked 10th largest crypto and priced at $ 610,947.85.
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CoinMarketCap acknowledged the issue through its Twitter account and said the issue is being resolved.
Our website is currently experiencing pricing issues
The engineering team is aware of the incorrect pricing information appearing at https://t.co/3AD93ocjMp.
We are currently investigating and will update this status when we have more information. 🙏
– CoinMarketCap (@CoinMarketCap) December 14, 2021
There was an instant backlash on Twitter, with some suggesting the website had been hacked.
BREAKING: #Coinmarketcap Hacked As Almost All Cryptocurrency “Soar” By Trillions Of Percent. #SHIB #DOGE #ETH #XRP #BTC pic.twitter.com/VmeR07aiTh
– Mr. Whale (@CryptoWhale) December 14, 2021
Some on Twitter were quick to shed light on the situation.
When baby boomers see @CoinMarketCap glitch and panic sell #CoinMarketCap pic.twitter.com/4i65xcgTUl
– Brandon (@RevivalBran) December 14, 2021
Other websites and crypto exchanges were not affected as Coingecko and Coinbase kept accurate price information.
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