Bitcoin Forum

I just saw some crazy numbers on coinmarketcap..
like $8500 btc, -90% vechain, +20% eth..
wtf is going on??

lol thats not good news for an index onces they are hack rumors they are being dropped in usage by the countless traders, and speculators

I think it was a wrong news. Hope that nothing will happen. Just relax  :)

almost all altcoins were like listed with 300% - 800% changes.
but it seems to be back to normal now. only vechain is -90%.

I think something went wrong :) I see incredible prices, expecially on bitforex section. Marketcap has reached  $346.000.000.000 usd and go back to 282 in ten minutes. It is not a good news another hack

NXT was at 11000 sats.
DGB was at 4000 sats
almost all altcoins were 800 to 900% rise.
Probably they played April fool with us  ;D

an index with this kind of fraud shouldnt be recognized and used globally as leading index. it has its bad rumors regarding corruption as well. its time for better indexes.

Right now bitcoin is showing 8110$ in CMC. Is it a CMC bug?
Update: Now its back to 7600$

OHG! !! For a moment I felt like jumping around since I saw incredible value rises in some coins I'm hodling.
Wow!!! The bullish run will indeed be a very exciting days.I can't just wait to see it.

https://i.imgur.com/FoOXS1y.jpg

CMC sucks.

its extremly corrupt and the exchanges they orient bitcoin on have a low volume

the time this forum dominated cryptocurrencies worldwide is fading away, glens coinmarketcap isnt dominating the attention and market definiton today anymore as there are countless alternative cryptoindexes.

i bet soon they all will have completely different coins  ;D

I don't know what you guys are seeing but it seems to be back to normal now. CMC probably included/excluded some exchanges on the markets tab of certain coins/tokens hence there was a huge fluctuations in price.

it should be a warning for all that coinmarketcap manipulated the prices by defining where a legit transaction happened and where not.

It's just a technical problem which can happen to any index. Don't you think if it was really hacked, the guy would have better to do than that? It doesn't worth to hack the website just to change some values, come on. Don't spread this kind of rumor

lol it's seem not hacked but market bug or bot trading on some exchange

Or the other reason it may be because of the larger bitcoin correction? I just heard it from a news article in the past few hours and I think this is the reason of the price fluctuate but when checking it with the live chart from bitcoinwisdom and cryptowat.ch I don't see a history of big fluctuate in the past few minutes or hours so I think this is only CMC glitch.

CoinMarketCap tweeted this 18mins ago as of this posting:

"We are currently aware of an issue with the data we are pulling in. We are investigating this matter and we will follow up with more information shortly."

Upon seeing the site just now, looks like it came back to normal now.

I'm not going to defend coinmarketcap here, but CMC sure can do anything they can want to their charts. The reason they excluded some exchanges is because of some of these exchanges having no fees, hence they could easily fake the volume of some coins/tokens. Though people need to understand that CMC isn't the only site for coin/token prices.

Bitcoin correcting in price shouldn't likely end up causing ETH to rise 20% in price though. So yeah, definitely something's wrong.

after reading the various posts here I immediately check CMC but all there is nothing strange, all data goes as it should be

I wad also surprised a sudden increased in bitcoin, ethrium and other alt coins I thought there was a quick huge pump as markep cap increase quickly and bitcoin price increase almost 1 thousand u.s. dollar.

That was really crazy. All my coins were hitting the moon and I taught I was going to be rich soon. Hahaha

Something went wrong in the coinmarketcap i taught btc was pump but just a fake news but i think everything was okay now and back to normal it was so surprising to see that taught that it was a bull run but just a false alarm so i immediately look into tab trader but it was too far the value in cmc.

jes ohm deliberate technical issues to manipulate the market according to ones interests.

you know what we should have for each coin its own index. wher the coin takes only those exchanges where it is traded for the proper expensive price. so the masses think the coin is still valuable  ::)

It could be a hacker attack but should be a technical problem instead of hacker attack.
I observe only on coinmarketCap but not on any other platform or exchange.

Not hacked but there was bug. I think already solved. It might be happened due to bug.

i think CMC is among those whales whom change the prices, maybe they did mistake by showing future prices  :D :D :D

Now what would they hack in coinmarketcap? Are there any valuable things in there? But maybe they hacked it for them to people see it to sell or to buy something in hype.

something strange, it seems one of big exchanges had smoething wrong and CMC has pulled prices by their API


https://twitter.com/CoinMarketCap/status/1025407887907192832

CoinMarketCap is a good reference, but total capitalization is not the best way to analyze a token as I see it, the daily volume is a clearer sign of interest in the project. If a daily / weekly / monthly volume ranking was made, it would portray the market better.

more information on issue:

https://pbs.twimg.com/media/Djr17qvU8AAVvKh.jpg

They recently implemented a new features (pro API for example). Maybe something went wrong because of this.

There is a possibility that it is only a temporary bug, I think after few hours or days the vechain will back to normal after some troubleshooting I don't see any reason for it to be hacked though but a bug is what I think happen and it is more of a possibility rather than it being hacked.

Does anyone know how long the error lasted? Some had to profit from this. Especially from those who depend on CMC for info

yes, what they desire, but decentralisation of the market indexes is also progressing wont be that easy in the future, especially with this lost of trust that echoed all over social media

Not hacked just bugged is my guess, it has happened a few times before.

Saw that too Vechain suddenly goes up to the 5th rank right above EOS. I guess there's just sudden pump and went down quickly as well. Probably one of the most bazaar thing going on which could be a sign something big is going to happen later on. If you have a bid that is suddenly picked up by a buyer, I'm not surprise.

there is nothing wrong with them, its no doubt they manipulate small markets, but according to last screenshot i posted, it is few exchanges problems, reporting weird prices for coins

CMC can easily check logs of those exchanges to find out what had been wrong

it spiked a very exciting moment in me. I thought the bull run has begun and quickly went to check my wallet. It s very disappointing to see the values come back to normal.

I think this is just a simple alteration , might be a server issue or information mix up. But its nothing to panic about. All infos are rightly updated. Lets not create any panic and fud from this.

Do not worry. CoinMarketCap was not hacked. Perhaps with the latest updates on the site there were some small errors that have now been fixed.

Well coinmarketcap from my sources was not hacked, but I understand that signals of decisions by holders of coins indicated that the prices were going to have a bearish run. This kind of triggered a domino effect on some other cpoin holders and as such the negative figs riding on the market..,,,
I hear it is stabilised now.! Cheers.

It said to be a bug/glitch.

CoinMarketCap Says Data Glitch Boosted Its Crypto Price Numbers (https://www.coindesk.com/coinmarketcap-says-data-glitch-boosted-its-crypto-price-numbers/)

Coinmarketcap bug escalates prices, causes frenzy among crypto traders (https://bcfocus.com/news/coinmarketcap-bug-escalates-prices-causes-frenzy-among-crpto-trader/20265/)

It boosted the price but it's back to as usual.

Yes it did happened before but I can't remember the exact date on when it also showed a bug.

Coinmarketcap only shows information about the market but it doesn't have money/crypto inside.

I noticed Coingecko went nuts too. It started moving coins up and down. Bcash went to number 13 on their list despite the actual numbers remaining static. Maybe they all have the same back end.

It was a software glitch during an update. They are changing the turnover algorithm since many exchanges are reporting inflated turnover.

yes same here but most other coincaps websites shown the same alos on many exchanges was these higher prizes in short time.
We will see what comes next ;)



regards

Probably!

I had missed out to see those numbers changed on CMC but this is not literally an incident which is connected to any hacks. This is just a glitch or error if CMC do made an update to their system.
For now i havent seen any differences when it comes to price. Why would people react too much?  :D

OOps! you have seen wrong maybe. There is no $8500 thing done in recent times, it is still $7468 in BTC price. and also there have been no 20% increase in ETH rather than 1.99%. It's totally a fake news to manipulate users. Stay cool.

I think it’s a rumor. Hackers try to hack some site and they are being dropped in usage by countless dealer and  speculator.

LOL that is because their server slow in update or they use the static website on updating the price value.

These are the possibilities to see this kind of problem.

So far even I love to use this site to check the price value any altcoin or token price. To get listed in the site itself many projects are all the time looking for it. So it will be in usage.

I think it is technical problem els. it will get well very soon. it was change some value and site feature just it nothing else. it is not hacked i think do not spread this. thank you very much for sharing this.

No it wasn’t hacked due to technical problem they turn off their system and that news was rumor based on this website. I hope nothing will happen and there is nothing to worry about this matter.

Not much for you to be alerted on that way. This is just a simple problem with index which can really give out those crazy numbers but not totally or we can conclude that its being hacked
and besides Coinmarketcap do give out a notice on about such issues and besides even if its hacked changing prices wont really be have a big effect yet this is just a preference site though.
For now anything works fine and i do still use up this site for checking out prices.

Sometimes it can be happened in any index. It’s nothing serious. Everything is alright now. 

There has to be some technical difficulties from there end which caused such distortion in price index but seems like it is back to normal now. Nonetheless, incidents like this are not accepted from a reputed platform like Coinmarketcap. Hopefully, they will be more careful in the future.