Cryptocurrencies
Bitcoin’s 90% Crash on Pyth Was Due to Computers Botching Basic Math
- Network says contributors encountered trouble with decimals
- Eye-catching mistake given sophistication of Pyth participants
This article is for subscribers only.
Bitcoin slid about 90% earlier this week on a data network run by several of Wall Street’s biggest players after their computers bungled basic computations.
The Pyth Network briefly reported in error on Monday that the digital currency had plunged to $5,402, far below its level everywhere else.