{"id":446937,"date":"2022-05-14T13:49:53","date_gmt":"2022-05-14T10:49:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-com-unblocks-users-reverses-glitched-luna-trades-that-made-30-40x\/"},"modified":"2022-05-14T13:49:53","modified_gmt":"2022-05-14T10:49:53","slug":"crypto-com-unblocks-users-reverses-glitched-luna-trades-that-made-30-40x","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-com-unblocks-users-reverses-glitched-luna-trades-that-made-30-40x\/","title":{"rendered":"# Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3016618f3cc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3016618f3cc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-com-unblocks-users-reverses-glitched-luna-trades-that-made-30-40x\/#%E2%80%9D_Cryptocom_unblocks_users_reverses_glitched_LUNA_trades_that_made_30-40x_%E2%80%9C\" >&#8221; Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Cryptocom_unblocks_users_reverses_glitched_LUNA_trades_that_made_30-40x_%E2%80%9C\"><\/span>&#8221; Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzAzN2EyMWQtZjcxYS00M2U5LThjZTUtOTlmNjI0YzU5YjNjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra\u2019s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com\u2019s mobile <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication allowed users to get away with a 30-40x profit on LUNA trades momentarily.<\/p>\n<p>On Friday, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA due to some error. Just when Crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> started raising concerns about trade reversals on the exchange, Kris Marszalek, CEO of Crypto.com, revealed details about a glitch that allowed users to make away with massive profits.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There was a lot of customers who were buying at wrong prices and of course some also jumped onto the opportunity to exploit the glitch to the maximum.<\/p>\n<p>We reversed ALL trades. <\/p>\n<p>Some customers saved a ton of $ and are thanking us, some didn\u2019t abuse the glitch and are bashing us.<\/p>\n<p>\u2014 Kris | Crypto.com (@kris) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kris\/status\/1525235547907559425?ref_src=twsrc%5Etfw\">May 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to Marszalek, users who traded \u201cduring those 59 minutes\u201d are eligible for a buyback option at the market price for LUNA tokens, which has since fallen to $0.0004685 at the time of writing. It is important to note that LUNA achieved its all-time high market price of nearly $120 on April 5.\u00a0<\/p>\n<p>Marszalek noted:<\/p>\n<blockquote><p>\u201cThe root cause was a combination of multiple external factors (tick size changes due to Luna death spiral, withdrawals &amp; entire Luna chain stopping) together leading to price dislocations that should typically be caught by index pricing, but weren&#8217;t.\u201d<\/p><\/blockquote>\n<p>After a day\u2019s review on the LUNA trade debacle, Marszalek informed that \u201call user accounts have been re-enabled.\u201d<\/p>\n<p>While Crypto.com reversed the LUNA transactions, the company has offered $10 worth of its in-house token Cronos (CRO) as a goodwill gesture for affected investors. <\/p>\n<p><strong>Related: <\/strong><strong><em>Breaking: Terra blockchain officially halted following LUNA price collapse<\/em><\/strong><\/p>\n<p>With LUNA\u2019s price collapsing more than 99%, validators for the Terra blockchain officially halted the network aiming to prevent governance attacks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Terra blockchain was officially halted at a block height of 7603700.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/squ5MZ5VDK\">https:\/\/t.co\/squ5MZ5VDK<\/a><\/p>\n<p>Terra validators have decided to halt the Terra chain to prevent governance attacks following severe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> inflation and a significantly reduced cost of attack.<\/p>\n<p>\u2014 Terra (UST)  Powered by LUNA  (@terra_money) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terra_money\/status\/1524785058296778752?ref_src=twsrc%5Etfw\">May 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The validators are expected to relaunch the network only after implementing a new patch to disable further delegations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The patch release is out:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/BZ8t86cuwA\">https:\/\/t.co\/BZ8t86cuwA<\/a><\/p>\n<p>Delegations will be disabled once block production resumes. <\/p>\n<p>The network should go live once 2\/3 of the voting power comes online. An update will be provided accordingly. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vffpjw7uom\">https:\/\/t.co\/vffpjw7uom<\/a><\/p>\n<p>\u2014 Terra (UST)  Powered by LUNA  (@terra_money) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terra_money\/status\/1524799337829908480?ref_src=twsrc%5Etfw\">May 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-com-unblocks-users-reverses-glitched-luna-trades-that-made-30-40x\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x &#8220; Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra\u2019s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com\u2019s mobile application allowed users to get away with a 30-40x&#8230;<\/p>\n","protected":false},"author":1,"featured_media":446938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzAzN2EyMWQtZjcxYS00M2U5LThjZTUtOTlmNjI0YzU5YjNjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74860,74355,117],"class_list":["post-446937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-adoption","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=446937"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/446938"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=446937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=446937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=446937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}