Bitcoin’s 90% Crash on Pyth Was Due to Computers Botching Basic Math

From bnnbloomberg.ca

Bitcoin slid about 90% earlier this week on a data network run by several of Wall Street’s biggest players after their computers bungled basic computations. The Pyth Network briefly reported in error on Monday that the digital currency had plunged to $5,402, far below its level everywhere else. In a subsequent autopsy of the incident, Pyth said two unidentified firms that supply data to the platform encountered trouble dealing with decimals, causing them to report extremely low Bitcoin prices. Those incorrect numbers got averaged with Bitcoin prices from nine other Pyth contributors, leading to the inaccurate ... (full story)