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0 sats \ 1 reply \ @cryptocoin OP 10 Oct 2022 \ on: Issue w/ AUD/USD exchange rate on websites & spot feeds now resolved 🧵 bitcoin
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
There is an issue with the AUD/USD exchange rate given on many websites and spot feeds including google finance etc. We are monitoring and having to adjust our AUD gold and silver prices to be in line with the market until the AUD FX rate reverts to an accurate level.
https://i.postimg.cc/XNfKtFRZ/image.png
This also affected many bitcoin- and crypto exchanges, including Swyftx which halted trading and put their platform on "maintenance" mode.
We’re aware of an issue with external USD/AUD exchange rate data & are currently working to resolve this. This issue is not isolated to Swyftx. Trading & withdrawals are temporarily halted 👉 https://swyftx.app/status
Customer funds are safe. We’ll provide an update once resolved.
https://i.postimg.cc/9Qpn2Ks7/image.jpg
https://twitter.com/SwyftxAU/status/1579270201971200000 [Nitter]
It is unknown (yet) how many trades on exchanges had occurred due to this misreported price not whether those trades will be canceled (reversed).
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0 sats \ 0 replies \ @cryptocoin OP 10 Oct 2022
It is unknown (yet) how many trades on exchanges had occurred due to this misreported price not whether those trades will be canceled (reversed).
There's no coverage (yet) on what caused this. It hasn't even been confirmed that this indeed was misreporting of the price, but that such a move was the actual market price seems unlikely at this point.
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