Exchange HitBtc while the listing was one million tokens AMM instead of one

Saturday, December 2nd, the cryptocurrency exchange HitBtc made a mistake when listing tokens AMM, increasing every Deposit a million times. In this regard, the company MicroMoney, the Issuer of tokens, called on traders to stop trading non-existent assets before clarification of circumstances.

As noted on the company website, the official issue of tokens AMM is 17 422 798 units. However, for every listed on deposits exchange HitBtc token users get a million times more, which led to the appearance of a large number of sell orders billion unsecured and non-existent coins on a minimum acceptable price: 0,000001 BTC.

Throughout the day support HitBtc first sent the standard answers about the impossibility of withdrawal, and then began to ignore the requests of users. Trading was halted in the late evening (about 22:00 UTC+2).

Since most orders were put on a minimum acceptable price, formed a queue of traders, some of whom managed to sell tokens that were issued by mistake. The extent of the problem remain unknown, as the exact amount that users had to bring in other assets.

“We stopped the mess and temporarily suspended trading, input/output tokens AMM. We intend to restore order and justice. The problems of every trader in the context of the incident will be fully resolved,” — said the representatives of the exchange in an email to its users.

We will remind, earlier one of the participants in ICO TokenCard acquired 15% of all tokens TKN at a price ten times less because of an error in the code.