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Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions

Published 05/13/2022, 01:21 PM
Updated 05/14/2022, 03:20 PM
Failed exit? Traders complain Crypto.com reversed profitable LUNA transactions
LUNAt/USD
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Cryptocurrency exchange Crypto.com has halted the trading of Terra (LUNA) tokens after it determined that user transactions were quoted at an “incorrect price,” prompting severe backlash from the community.

In a Friday news release, Crypto.com said that LUNA trades have been halted due to a pricing error between 12:40 and 13:39 UTC on May 12. “[U]sers who traded LUNA were quoted an incorrect price,” the exchange said. “Our systems quickly detected the error and trading was halted. Trading remains halted until further notice.”

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