Bitcoin (BTC) $79,411.20 -2.83%
Ethereum (ETH) $2,227.57 -3.54%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 89.728946 -3.59%
Cardano (ADA) $0.26 -3.88%
Chainlink (LINK) $10.11 -5.34%
Litecoin (LTC) $57.36 -1.83%
Dash (DASH) $44.27 -2.76%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.864449 -4.16%
X-Cash (XCASH) 7.0E-6 -2.26%
Dogecoin (DOGE) $0.00 1.53%

Cryptocurrencies: 28951

Markets: 114237

Market Cap: $2,642,355,127,679

24h Vol: $104,698,834,414

Coin Edition

2023-01-11 08:58:00

BUSD Reportedly Lost Peg Multiple Times; No Users Impacted: Binance

BUSD Reportedly Lost Peg Multiple Times; No Users Impacted: Binance

According to a recent report, cryptocurrency exchange Binance acknowledged on Tuesday that a bug in its system resulted in at least $1 billion in under-collateralization of BUSD, one of the company’s stablecoins reportedly backed one-to-one by the U.S. dollar. The report citied analysis by Jonathan Reiter of blockchain analytics firm ChainArgos, stating that BUSD slipped The post BUSD Reportedly Lost Peg Multiple Times; No Users Impacted: Binance appeared first on Coin Edition .

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