Hi guys, some of you may have seen we are temporarily listed as inactive on CMC. I received the following from gliss:
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Hi Mark,
One of the market manipulation detectors got triggered and removed it from the listings.
It looks like someone was able to buy 1 banxshare and sell 10 banxshares at nearly 10x the normal price which inflated the price and marketcap on the site. Is that a bug on the exchange?
-Gliss
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To answer everyone who has hit me up about this. There is a glitch in our system for sure, obviously someone screwed up on a decimal place and brought 10 shares for 0.02 instead of 0.002! and our systems let them!. Needless to say my dev is sorting it out so it doesn't happen again. Obviously Banx.io is a new system , its been running really great for weeks now, but with the system being built from the ground up some small things are still being bug fixed
I am waiting for Gliss to get back to me and set us back up as live.
I will post here when we are back on
All the best
Mark