Some crypto exchanges around the world struggled to deal with the unexpected crash that has seen crash to as low as USD 4,000 before rebounding to more than USD 5,500 – leading some to take “emergency measures.”
A number of major exchanges suffered with technical issues as some coins lost around half of their market value. The Gemini and platforms both went offline for around 45 minutes in the early hours of the morning (UTC time).
In a statement, BITMEX said it had experienced a “hardware issue” with a cloud service provider, but claimed it had resumed "normal service" at 03:00 UTC.
Gemini, meanwhile, stated that it had also undergone “emergency maintenance” and was now fully operational after going offline for a similar period.
are thought to have been at the root of many exchange-related issues. (However, one BitMEX competitor have an "").
Meanwhile, a note on ’s status page reads,
“Sends delayed for and ERC-20 tokens due to network congestion.”
Asian exchanges also experienced difficulties. South Korea’s Bithumb experienced several hours of delays, also on ethereum transactions and ERC-20 tokens, but earlier today tweeted that all of its systems were “back to normal status.”
Thanks for your patience! All systems back to normal status. https://t.co/9o4nbIySCe
— Bithumb (@BithumbOfficial)
Singapore-based Huobi made a similar statement, blaming “a rapid fall in BTC prices” for an unexpected increase in “congestive” traffic, per O Daily.
