Binance Blames “Display Issue” Behind Altcoin Crash to $0

**Binance Display Glitch Causes Major Altcoins to Show $0 Values, Sparks Market Concerns**

A technical malfunction on Binance, the world's largest cryptocurrency exchange, caused several prominent altcoins including IoTeX (IOTX), Cosmos (ATOM), and Enjin Coin (ENJ) to display zero dollar values, creating panic among traders and DeFi investors. The dramatic price crash was isolated to Binance's platform, while these digital assets maintained their actual market values on competing exchanges, highlighting the importance of cross-platform price verification in volatile crypto markets.

Binance officials quickly addressed the incident, attributing the anomaly to a "display issue" where trading pairs "reduced the number of decimal places," causing the system to show $0 valuations instead of accurate cryptocurrency prices. This technical glitch underscores the critical role of exchange infrastructure in the blockchain ecosystem and demonstrates how display errors can create artificial market volatility.

The incident serves as a reminder for cryptocurrency traders to monitor multiple exchanges and use decentralized finance (DeFi) protocols for price confirmation. While Bitcoin and major cryptocurrencies remained unaffected, the altcoin display error reinforces the need for robust technical systems in digital asset trading platforms.