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BTC Flash Crash Alerts Hit Revolut as Users Report Crypto Price Glitches

Cointelegraph
Revolut users reported erroneous Bitcoin price drops and extreme flash crash notifications caused by a third-party data provider glitch.

Summary

Revolut users experienced a brief, anomalous price display where Bitcoin was reported to have plummeted to $39,900 or as low as 2 cents. The glitch also affected other cryptocurrencies like XRP, Solana, and stablecoins. Experts attribute the incident to a data feed error or a liquidity gap, noting that the price drop was not reflected on external exchanges like CoinMarketCap. Revolut confirmed that the issue was resolved and resulted from a service disruption at a third-party data provider.

(Source:Cointelegraph)