Reasons behind the altcoin crash to zero on Binance

Several altcoins, including ATOM and IOTX, saw a brief drop to zero on Binance during a recent market crash, while remaining valued on other platforms. This reflects the extreme volatility affecting the crypto sector.

The overall cryptocurrency market capitalization decreased by about 850 billion USD, influencing a significant liquidation of positions. Binance has since apologized for the transaction disruptions and committed to compensating users for verifiable losses.

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