BlockBeats news. In an official announcement from FTX, Sam bankman-fried, CEO of the trading platform, described the intermittent BlockBeats on the trading platform on the 12th and 13th, among other things:
Sam said that FTX trading volume reached a new high in the face of drastic market fluctuations. During this period, one database was overloaded, which resulted in the delay of disk port update. We had to limit the frequency of orders to ensure the normal operation of the database and platform. There is no error in the price on FTX despite the presence of caton.
Some currencies have experienced price delays on the installation of bull certificates. This happens because of congestion in the ethereum chain, which leads to unusually slow transfers of tokens between exchanges. The leveraged token seller in coinan has sold all the COINS in stock, but the new COINS cannot reach the exchange in time due to the congestion in the chain, resulting in the COINS 'price higher than the normal price. Currency prices also returned to normal after a period of time.
Sam said that all withdrawal applications last night, including those that failed or were reported wrong, have been processed. The team is actively working on various work orders. At the same time, the following optimization:
1. During the database overload, if the user pays the fund rate, FTX has returned the part paid by the user. If the user receives a funding fee, the user can keep what he has received.
2. FTX, at its own expense, increased the gas (miner's fee) packed in ERC20 for all users and accelerated the withdrawal speed of users.
3. Identified and solved the problem of data overload, improved the frequency limit, and greatly reduced the error reporting of "overlimit frequency".
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia