The CoinMarketCap analytical service has a large-scale failure

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Another failure in the CoinMarketCap analytical service led to incorrect display of cryptocurrency quotes and required a complete reboot of the project servers.

Users who visited the CoinMarketCap site from 0:00 to 1:30 Moscow time were shocked by the picture before their eyes. So, the first line of the rating was taken by the little-known token Cocos-BCX, created on the basis of a decentralized gaming platform. With the current value of Cocos-BCX at $ 1.9, it allegedly showed a whopping 1.262 billion% growth to $ 25,241,256, displacing BTC to a modest second place.

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Part of the cryptocurrency community took the incident with humor, but many users reacted to the situation not so positively. So, one of the participants in the discussion commented on what happened on Twitter:

“I understand that handling this amount of data is difficult to handle, but this situation undermines the credibility of the CMC. The problem with incorrect display of prices is becoming a common occurrence for you. This is very dangerous as investors cannot be sure of anything. Even if the price change is legal, we are still forced to think that it might be a systemic error. ”

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Within about an hour and a half, the CoinMarketCap team recovered the data, but individual consequences of the failure appeared until 4:00 Moscow time. As a result, developers made a decision about server reboot.

If CoinMarketCap is unable to convince the crypto community in the near future that the situation is under control, this will significantly affect the rating of trust in the work of the analytical service.

As a reminder, about 3,117,548 email addresses of CoinMarketCap users were leaked in mid-October. The site administration did not notice the data breach until the e-mail addresses were discovered for sale on several popular forums for hackers.

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