RE: Ethereum flash-crashes to $13, then bounced back to $296!!!!

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izabellablue (47)in #crypto • 7 years ago

wait! what?
what does that even mean? newbie.
so what happens to ethereum on coinbase?!

7 years ago in #crypto by izabellablue (47)

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halfscreen (43) 7 years ago (edited)

I think it's a technical problem on Coinbase / GDAX website. Either they can't handle the heavy volume or it was a denial of service attack.

izabellablue (47) 7 years ago

Geezus!!! That is alarming and concerning :(

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halfscreen (43) 7 years ago (edited)

Actually, I just found out it was caused by a poorly design ICO by Status. A huge number of transactions clogged up the network.

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