WazirX | PC-Shutterstock
WazirX, one of India’s largest cryptocurrency trading platform crashed for about an hour following Bitcoin downsurge which declined almost 30 percent to $31,000, wiping out more than $500 billion in value from the coin’s peak market value.
With the trading platform crash, people took to microblogging websites and and complained about wrong valves of coins, payment issues, exchange issues and app issues.
Meanwhile, the trading app said that they are investigating the issue and working on a fix.
The website took to the microblogging website and wrote: “Reports of delays in app. We’ve received reports that you’re facing delays in trading, viewing order book and trade history on WazirX app and website. We’re investigating the issue and working on a fix. We’ll update you as soon as it’s done. Thank you for your support! (Sic)”
On May 4 too, WazirX crashed for about an hour due to a spike in Dogecoin’s price, resulting in frenzied trading.
Apart from WazirX, Crypto-exchange Coinbase too was down or some users Wednesday morning as digital coins plunged. However, the firm said in a tweet that they have put a fix in place and are monitoring the results.
“We’ve put a fix in place and are monitoring the results, however you shouldn’t run into any more trouble logging into Coinbase and Coinbase Pro. We sincerely apologize for any trouble caused by this issue, and we thank you for your patience with us today,” the company said in a tweet.
Here are some of the people’s reactions:
WazirX is such worst app i ever used. Today I wanted to buy coins on dip but this shit app stopped working.i know it’s not any technical fault but they do it by their selves so we people can’t buy on dip and become rich!They are controlling our money @WazirXIndia @NischalShetty
— The zain (@Thezain7) May 19, 2021
Everytime I want to sell my coins as market is going down app crashes
— anvithimmadisetty (@htivna) May 19, 2021
Members had issues few days back today was I guess going good, now members can’t buy coins in the dip due to updates. @open4profit @simplykashif @WazirXIndia @ pic.twitter.com/j3euQhUu70
— Ashok Arumugham (@OnlineTechTalks) May 19, 2021
Some of them even shared memes.
— crypto tips (@crypto_news_tip) May 19, 2021
My coins are not showing on wazirx at the time of selling. pic.twitter.com/2jfwjAl8t5
— Aman (@Aman16297154) May 19, 2021
— Weird One (@Weird_on3) May 19, 2021
My wazirx portfolio before and after two hours. @WazirXIndia @NischalShetty ..Whenever we see the dip we can’t buy and whenever coin pumps we can’t sell it .App crashes everytime like hell. You really need to work on your exchange otherwise you would be in dustbin soon.. pic.twitter.com/6mvTArPHnz
— akshay nakil (@akshaynakil) May 19, 2021
Earlier in the day, the world’s biggest and best-known cryptocurrency — Bitcoin — fell about 9 percent to as low as $38,940.04 and slipped below a key 200-day moving average.
The other coin linked to the ethereum blockchain network Ether dropped about 15 percent to $2,875.36, reported news agency Reuters.