Beaxy suspends trading after XRP plummets on its platform
Big sale cryptocurrencies XRP was traded on Beaxy on Monday. As a result, XRP price on Beaxy fell by 62% relative to other cryptocurrency exchanges.
Beaxy described the situation as “unusual high volume activity” on its blog and completely suspended trading on the platform “in quality precautionary measures”. Also users Beaxy was unable to withdraw funds.
“We found and applied decision. For to continue working, we are rolling back the transactions related to this problem before moment when they are for the first time were discovered “, – writes exchange. In time eliminating consequences attacks all trading activity on the exchange will be frozen.
“Besides addition, identification information allowed we identify participants of this incident and take action their relation. We are confident that we can return illegally assigned funds“, – adds the exchange.
In May such the same the BitoPro exchange was attacked, losing then 7M XRP ($ 2.17 million). As explained stock exchange Bitrue, XRP allows to send Promise commit payment, which uninformed services perceived as a complete transaction and leads to enrollment deposits.