Binance Blames “Display Issue” for $0 Tokens 😱 Was It a Glitch or a Crypto Conspiracy? 🚀

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Oh, Binance, you sly fox! 🦊 After Friday’s crypto apocalypse, users were left staring at their screens like they’d just been ghosted by a Tinder match, with several tokens apparently crashing to $0. But fear not, dear traders! Binance swooped in with a classic “It’s not you, it’s me” excuse, claiming it was just a “display issue.” 🙄 Right. Because who doesn’t love a good ol’ fashioned UI meltdown when their life savings are on the line?

Altcoins like IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ) decided to play a game of “let’s pretend we’re worthless” on Binance, while other exchanges were like, “Nah, we’re still good.” 🤑 Binance later clarified (on a Sunday, no less-because who needs weekends off when you’re in crypto?) that it was all just a decimal place mix-up. Apparently, reducing the number of decimal places caused the prices to display as $0. Classic case of “my bad” meets “blame the intern.”

“Certain trading pairs, such as IOTX/USDT, recently reduced the number of decimal places allowed for minimum price movement, causing the displayed prices in the user interface to be zero, which is a display issue and not due to an actual $0 price.”

Meanwhile, Binance became the crypto world’s hot mess of the week after Friday’s market crash wiped out $20 billion in leveraged positions. 🌪️ Yes, you read that right-$20 billion. That’s enough to make even Elon Musk’s Twitter purchase look like a bargain.

Was Binance the Victim of a Crypto Heist? 🕵️♂️

Crypto trader ElonTrades (yes, that’s his name-no relation to the Tesla guy, we think?) speculated that Binance might’ve been the target of a malicious exploit. Apparently, Ethena’s USDe synthetic dollar lost its peg and dropped to $0.65 faster than a Kardashian marriage. 💍 The attackers allegedly exploited Binance’s “Unified Account” feature, which uses internal oracle data instead of external sources. Because why rely on outsiders when you can DIY your own disaster?

Binance had already announced plans to fix this by October 14, but oopsie-the hackers got wind of it and decided to throw a party. 🎉 This sparked a $1 billion liquidation cascade on Binance, which then turned into a full-blown market contagion. Because nothing says “fun Friday” like watching your portfolio evaporate.

Binance, feeling generous (or maybe just guilty), announced $283 million in compensation for the unlucky souls who got liquidated. 🤑 But Kris Marszalek, CEO of Crypto.Com, wasn’t having it. He’s calling for regulatory investigations into centralized exchanges, because apparently, “trust us, bro” isn’t cutting it anymore.

So, was it a display issue, a coordinated attack, or just the crypto gods having a laugh? 🤷♀️ One thing’s for sure: Binance just earned itself a starring role in the next season of *Crypto Drama: The Series*. Popcorn not included. 🍿

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2025-10-13 01:14