PYTH CAUSES CRASH
According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.
In a series of tweets on Wednesday, Pyth apologised for the mishap.
“We are communicating with Pyth partners and data providers to ensure transparency, accuracy, and confidence in Pyth,” the platform wrote.
“We know our users depend on us and we’re working with affected partners on remedying the situation.
“Better developer documentation and guidelines on the usage of the Pyth oracle are underway, stay tuned.
“We deeply thank the community for the support you have shown us. Pyth will keep building toward the promise of delivering trustworthy, high-fidelity financial information.”