Binance Reveals UI Bug Caused Token Misrepresentation During Friday Sell-Off

Crypto exchange Binance recently addressed concerns surrounding a technical glitch that led to several tokens appearing as if they had crashed to $0 on Friday during volatile market conditions. The company clarified the cause of these misleading displays in a statement, stating a “display issue” and not an underlying price failure was responsible for the false readings. Binance emphasized that trading systems remain functioning normally. 3-month low prices were recorded for tokens like IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ) on Binance but remained stable on other exchanges, suggesting a problem unique to their user interface.