Source: iStock/PonyWang

Seychelles-registered crypto exchange Poloniex has rolled back 12 minutes of trading history after a bug detected in the system caused trades to be “executed erroneously,” the company announced late Wednesday.

According to a series of tweets posted by the exchange’s customer support department, “a bug that briefly caused trades to be executed erroneously” was introduced on February 10 at 17:53 UTC. Shortly after, the exchange announced that it had “removed from the system” 12 minutes of trade history, from 17:53 UTC to 18:05 UTC, in an effort to “address any inaccurate accounting the bug caused.”

Further, Poloniex – which received an investment from Tron founder Justin Sun and other investors in late 2019 – said that all withdrawals had been disabled. About an hour later, however, the exchange said that maintenance has been completed and that full trading, as well as withdrawals, have been re-enabled.

Yesterday’s glitch occurred shortly after Poloniex announced that the platform went into maintenance mode, and therefore had suspended all trading. Interestingly, the tweets published by the customer support team suggests that…

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Author: Fredrik Vold


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