- Allegedly one of the users received a notification due to a configuration failure
- He inflated the information, which caused the volume of liquidations in the market to increase, which caused the rate to fall
- There was no movement in the State Department or Mt.Gox accounts
Yesterday, April 26, in less than an hour, the BTC price dropped 7%, from $29.8 thousand to $27.78 thousand.
Some experts are linking this to a publication from the Arkham Intelligence team, which claimed the movement of funds in the State Department and Mt.Gox wallets.
The information first appeared on a cryptocurrency page with the nickname “db”.
Shortly thereafter, Arkham issued a response in which they apologized for the fake information, noting that it was a mistake in the notification mechanism.
But later the agency noted that the movement of BTC in the specified accounts was still. The db simply misconfigured the configuration settings by specifying several unmarked accounts.
The IT Tech channel also stated that it was a “duck”.. They published several screenshots showing that there was no capital movement in the Mt.Gox accounts.
With regard to the U.S. government’s Silk Road wallet, there is some activity.. Only one incoming transaction of less than a dollar was logged on April 26..
Allegedly, it fell between 19:17 and 20:01 UTC (+3 hrs Kyiv time), with a message from db published at 20:07 (23:07 Kyiv time).
Anyhow the situation had a significant impact on the crypto-asset market. The daily liquidations amounted to $350 million, with the BTC segment accounting for a share of $97 million.
We reported earlier that the affected Mt.Gox customers will have to wait a little longer.. The liquidator again talked about postponing payments.